Tamil Nadu, Andhra Pradesh most transparent in real estate

Chennai/ Hyderabad, Dec16 (TruthDive): Andhra Pradesh ranks first, while Jharkhand is the worst in transparency in matters of real estate. Andhra Pradesh (AP) is closely followed by Tamil Nadu and Maharashtra, while Uttar Pradesh and Bihar are better than Jharkhand in the list prepared by the Confederation of Real Estate Association of India (CREDAI) and Jones Lang LaSalle’s Indian Real Estate Transparency Index (IRETI).

There are many factors that make Andhra the best player in the lot, says IRETI. However, almost everywhere, services related to land records and registration are perceived to be corrupt, and AP is no exception. “Starting a business takes less time, costs less and has fewer procedures in Andhra Pradesh. However, real estate services related to land records and registration are highly corrupt. Moreover, the state is yet to repeal the Rent Control Act, which keeps rents artificially low in old buildings due to which landlords refuse to renovate,” says the report.

Tamil Nadu rates highly on market information, urban reforms and property rights. But services related to records and water supplies are corrupt, according to Transparency International. Registration of property is also a cumbersome task. Increasing demographic pressure on the environment can severely affect things in the long-term.

Maharashtra has put an impressive show on some fronts like availability of market information, providing a progressive business environment and initiating reforms in urban local bodies—where it has fared best among the 20 states. However, it falls way behind in ensuring inclusive development (10th) and protection of property rights (16th). “Enforcement of contracts is difficult. Repealment of the Rent Control Act is still pending. Air pollution continues to be a concern,” says the IRETI report.

According to the CREDAI-JLL report, Gujarat, which occupies the 4th position in the list, offers the best protection of property rights and provides a better business environment than its neighbour, has performed badly in providing inclusive development (14th).

“Property markets in developing nations are largely inefficient compared with those in developed nations, primarily due to the dismal levels of transparency in the real estate ecosystem. The prime reasons for higher costs in non-transparent markets are lack of information, corruption, multiplicity or ambiguity in taxation and lengthy procedures,” the report says.

Source: http://truthdive.com/2011/12/16/tamil-nadu-andhra-pradesh-most-transparent-in-real-estate.html

Realty awaits quick solution to Telangana stalemate

The renewed 'T' agitation in Hyderabad has pushed the city's realty sector into a state of limbo yet again. If the temporary shutdown of registration offices has jeopardised cash flow in to near-complete projects in the city, the transport strike has severely hit work at construction sites. Even delivery of raw materials has also been partially affected, say builders who fear that the protest, if prolonged, can cast a shadow on their sales too.
What has added to the concern of the industry is the timing of the agitation. With the festive September-October months usually considered profitable months for the sector, developers fear that the unrest could seriously impact their annual turnovers.
"Sales have anyway been slow for sometime now. If the matter does not get resolved anytime soon, the situation will only get worse," said Suraj Prasad Agarwal, chairman and managing director of Landmark Group of Companies (it has a realty arm called Landmark Builders), whose four projects at Shamirpet, Nizampet, Uppal and Marredpally are all awaiting customers.
Even construction activity at these properties, over the last three days, has come to a complete standstill, thanks to the RTC strike. "At least 70% of my workers have been unable to report to work," said Agarwal, expressing concern over the fate of his residential complexes.
Though the fear of failing deadlines has become a matter of concern for most of the builders, the stalling of registrations (due to registration offices being shut) is giving them sleepless nights. This has resulted in momentary freeze on bank loans, which in turn hit the ongoing work at construction sites. "Banks do not disburse the final loan amount to a customer before the property is registered. So, with registration offices shut because of the turmoil, buyers have not been able to make their last installment payments to us. This has led to a severe cash crunch," said Anand Reddy, executive director, PBEL Property Development adding, "There are at least 30-40 registrations in my property worth a few crores of rupees that have got held up now."
And this is true of several others who have completed more than 80% of their projects. "Close to 85% of our work is done. Since registrations are not taking place, there is a delay in delivery," said another leading developer from the city on condition of anonymity.
Predictably, the builder community is eagerly awaiting a solution to this stalemate and feel that the industry can be revived only if the 'T' concern is addressed at the earliest.
"If electricity and transport issues haunt the sector for too long, it could impact sales in the future. There is, therefore, an urgent need to resolve the Telangana crisis," said C Sekhar Reddy, president, Confederation of Real Estate Developers Association (CREDAI - Hyderabad chapter).

Government Projects Infrastructure / Industrial / Housing in and Around Hyderabad - Project Schedule in 2007. Every thing went for a SIX NOW :(

Project Implementation Stage Location & Impact
Outer Ring Road	Phase - I to be completed by mid 2008 Phase - II work to begin by December, 2007	Suburban area s; Creates new infrastructure and development activity around city
International Airport	Work in progress. Scheduled to be completed by summer of 2008	Shamshabad; initiates new infrastructure and development projects & residential zones at Bangalore road
Fab City	Infrastructure by APIIC in development; Industrial activity to begin by late 2008	Srisailam Road; Much hype is already created where real infrastructure & development holds the key
Hardware Park	Land procurement & infrastructure development Work in progress	Srisailam Road - Sagar Road; limited impact because of low activity & land acquisition problems
Textile City	work yet to be commenced	Cheguru Bangalore Road; limited impact around Timmapur - Kottur Zone
APIIC Commercial Zone	Infrastructure development from early 2008	Gandipet Road; Creates greater impact on land rates in surrounding areas & New residential zones
Internet City	Location & work schedule yet to be finalised	Koheda, Vijayawada Road; limited impact
Raheja IT Park & Infosys SEZ	Work in progress; to be completed by 2009	Annojiguda - pocaram belt - Warangal Road; Creates new commercial & residential development activity at Warangal Road
Bio - Tech Park	II & III Phase work in progress at Genome Valley. To be completed by 2009	Turkapally @ Rajeev Rahadari; Creates new infrastructure and development activity around Shameerpet - Turkapally zone
Textile Park & IIC Commercial Zone	Development work in progress; to be completed by 2009	Gundla Pochampally, Medchal Road; New commercial & residentia projects will be developed at Medchal Road
Tellapur Township	Infrastructure in development; Work to commence by early 2008	Tellapur, Old / New Mumbai Road; new high-end residential more projects will be developed around the HUDA / TSI Township zone
APIIC Commercial Zone	To be finalised	Rayadurgam & Manikonda, Old Mumbai Road
Rajeev Swagruha Mega Township	Work to commence by early 2008	Near Pocharam, Warangal Road. Limited impact
MLR Industry & Toopran Commercial Zone	Infrastructure development in progress	Near Toopran, Medchal Road. Limited impact

Urban farming / City agriculture

Urban or city agriculture / farming refers to any form of agriculture (excluding gardening) practiced within cities. It may or may not be organic, but most instances of urban farming can at the least be classified as 'sustainable'.

In India, most urban farming is carried out on private land for private consumption. The trend worldwide is however different. Public as well as private land is used, and produce is mostly sold in nearby markets. While the idea does not seem special or unique, especially for those already practicing roof-top or kitchen gardening, the significance of urban farming has been recognised as a sustainable and desirable practice worldwide for various reasons.

Besides producing food, urban farming is also job- and income-generating and enables food safety and food security for its growers as well as consumers. In addition, consumers receive fresh and quality produce on a regular basis, usually perishables like fruits and vegetables. Since the produce does not require long-distance transportation, it is also energy-saving. In countries such as Cuba, urban farming has not just been a success, but is also extremely important for both food security in the city as well as in providing employment.

The importance and requirement for urban agriculture will only grow over the coming years as transportation costs and distances keep increasing. With the corresponding increase in produce age, food quality will also steadily reduce. The only requirement for urban agriculture to succeed in India is freeing up land that can be used for cultivation.

To know more about urban farming or city farming and its relevance to food security and organic farming, you may follow these links :

http://www.evesindia.com/home/eves_home_garden.html

http://www.foodfirst.org/media/index.php?keyword=Urban+Agriculture

'Defense hub of Hyderabad'

Ibrahimpatnam to become 'Defense hub of Hyderabad'
Several defense and national security institutions/organisations like
NSG regional training centre(600 acres)
Octopus commando training centre(570 acres)
National police academy (NPA)-400 acres
NIA regional centre for southern states (100 acres)
CISF regional training centre for southern states(500 acres)
BDL(566 acres) are about to set up their units in Hyderabad.

Andhra people looting Telangana???? what a JOKE!!!!

Irrigation Share:

Land coverage in AP = 42%

Telangana Population in AP = 41%

Food Grains production from Telangana = 40% (1956 it used to be 25%) used to be 14 lac Tons now it is 83 lakh ton

{if agriculture is neglected then is it possible to have the above figures????}

71% of cotton produced from AP is generated from Telanagana.

out of total Cattle population Telangana got 47% ..

Water Pumpsets for irrigation 60% of total AP's Water Pumpsets in Telangana..

Post 1956 the irrigated area in coastal andhra increased by 57% , Ralayaseema its 44% where as in Telangana it increased to 191%...... reason beeing post 1956 government of AP allocated 46% of irrigation budget to telangana where as costal andhra got 25% and rayalaseema got 29%. {a few sense less people still say Andhrites looted Telangana??? }

Industrial Share

46% of states GDP comes from Telangana. Hyderabad being capital of AP all the Industries, govt organisations , other private industries every thing was established in and around hyderabad.. and now they say all Non telanganites should leave Hyd. because you are looting us, taking our jobs...

what an irony..

even few well educated people are saying that Andhra people have looted telangana people...

its the Politicians that looted india.. that too people who represent their constituencies looted their constituencies... People who belong to a particular constituency are people of that region (the MLA / MP of Karimnagar is from Karimnagar. he can never be from Srikakulam...)

to be precise its our own people who looted us and its the same people who are going to loot us whether we stay united or separate....

its sick that people tend to forget the facts and talk crap when they listen to provocative speach from KCR...

Post Bypolls the reality Sector went for a SIX in Twin Cities

The bypoll results seem to have spelt doom for Hyderabads already turbulent real estate business.The Telangana Rashtra Samitis (TRS) extraordinary show in the elections left city realtors predicting tough days ahead for the sector,which has been struggling to survive for almost two years now. With the prospects of a separate Telangana becoming a lot more real now, analysts feared that even the 15-20 per cent revival in the market, witnessed over the last fivesix months, would soon cease to exist.

In fact some of the citys leading construction firms that had managed to remain afloat even through the T agitations were seen expressing serious concern over their future within minutes of the results being announced.

Apart from speculating a severe drop in demand,realtors feared that all their ongoing projects would be stalled indefinitely.There is huge pessimism among builders now.Though we had been doing just right we were hoping to do much better if all remained quiet on the T front.But that dream stands shattered now, said the managing director of a major construction firm adding, Even if a few seats had gone to Congress or TDP, there would have been some hope for us. But now,Telangana seems inevitable and our future looks as dark as ever.

Unfortunately for builders,the sector had only started to stabilise in the last quarter with inquiries and sales improving marginally.While the mid- sized firms registered returns between 10-15 per cent,the bigger ones netted almost 20-25 per cent.With the poll results out,analysts feel it would be difficult for developers to maintain these margins now.

It (poll result) is definitely bad news.The sector is sure to slip into another lull,even if it is only temporary, said Ashwin Rao,director,Primus Developers.Rao,however,admits that he saw this coming ever since T trouble broke out in the state.

If the bypolls have left the big and midsized companies shaken,it has given a severe blow to the smaller ones.With their sales figures remaining at the zero mark for over an year now,several developers are on the verge of calling it quits.

There seems to be no way out of this situation.Though some are trying to move to the Andhra region,there is no guarantee of better returns, said Venkateshwar Rao,a Kukatpally-based builder.His properties have seen no movement since the time the separate Telangana campaign kicked in.

Amidst such widespread pessimism,some industry experts still feel that the bypolls would have little impact on the realty sector.The prices have touched an all-time low. So,irrespective of the political situation,genuine buyers will make use of this and put their money here, said C Shekar Reddy,president, Andhra Pradesh Builders Forum