Real Estate Developer in Hyderabad.

The real estate has, of late, emerged as one of the most appealing areas for Indian and foreign investors. And Hyderabad is one of the important cities promising high growth rate in this sector. Due to its tremendous success in the field of new technology and service sector, Hyderabad has attracted major multi-national companies, which have virtually transformed its real estate landscape. The boom in newly emerging sectors like information technology, BPOs, biotechnology, medical transcription, pharma industry, and hi-tech semiconductors has propelled land prices. Presence of heavily paid professionals has helped the city to emerge as one of the top real estate markets in the country. Hyderabad is now only behind Mumbai, Delhi, Bangalore, Ahmedabad and Chennai in terms of real estate market.

Highly disposable income, IT exemptions, relaxed building rules and change in lifestyles have contributed to the spurt in the demand for owning a house. The demand, obviously, attracts businessmen. And likewise, this sector too has attracted the businessmen — property developers — within and outside Andhra Pradesh to cash in on the newly developing tends. The recent decision of the Central government to allow foreign direct investment in the real estate sector has resulted in the entry of multi-national infrastructure companies in the city and thereby giving a health competition to provide quality construction at affordable prices to their customers.

A PricewaterhouseCoopers says: The real estate sector is expected to attract a massive $7-8 billion investment over the next 18-30 months in view of liberalisation of FDI rules and lifting of various Urban Ceiling Acts, which were in force in various States. India will need an investment of Rs 110,000 crore (US$23.91 billion) in urban housing over the next five years.

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The community of developers is a very heterogeneous in nature with presence builders developing an area as small as 300 square meters to as large as 10,000 square meters. There is a demand for both commercial and residential construction. The changing lifestyle has led to consumerism, resulting in a high growth in retail sector. This entailed businessmen to create a new world-class infrastructure in order to woo the consumers from their competitors. This requirement has created a high demand for the commercial property developers.

The demand for the residential property was mainly driven by the limited space available in the city and it surroundings. The income tax exemption for the housing loan has contributed immensely in building up the demand across the board — ranging from economy-class flats to highly luxurious mansions. The demand for new residential space is high in the entire city.

Potential Areas:
The areas considered to have high potential are as follows:
Residential and office
1. Banjara Hills
2. Jubilee Hills
3. Madhapur
4. Shamshabad Residential and commercial
5. Kukatpally
6. Ameerpet
7. Begumpet
8. Mehidipatnam
9. Dilsukhnagar
10. L.B. Nagar
11. Himayatnagar
12. Hyderguda
13. Areas around the proposed six-lane outer ring road Commercial
14. Abids
15. Nampally
16. Punjagutta Residential
17. Marredpally
18. Singapore township
19. Habsiguda
20. Chandanagar

To check out the potential of Indian real estate sector and other key issues related to the sector, read the survey conducted by the Federation of Indian Chamber of Commerce and Industry at www.ficci.com/surveys/fdi-survey-real.pdf

Procedure for Building Permission:
The developer has to seek permission from concerned civic body of the area and Hyderabad Urban Development Authority (Huda) to start a construction project. The above-list areas encompass Hyderabad and Ranga Reddy districts.
• Areas under Hyderabad district come under Municipal Corporation of Hyderabad.

• Prime areas in Ranga Reddy district come under 12 different municipalities — namely Malkajgiri Municipality, Alwal Municipality, Kapra Municipality, Uppal Kalan Municipality, L.B.Nagar Municipality, Rajendernagar Municipality, Seri Lingampally Municipality, Qutubullapur Municipality, Kukatpally Municipality and Gaddiannaram Municipality.

• The area covered by Secunderabad Cantonment Area is outside the jurisdiction of HUDA.

For an exhaustive list of areas, which are under neither MCH nor municipalities listed above, but still coming under the jurisdiction of the Hyderabad Urban Development Authority, visit http://www.hudahyd.org/new/inside/hudaprofile.asp

The government of Andhra Pradesh has brought out new building regulations vide Government Order 86. This regulation aims at chalking out a roadmap for orderly development of the city by stopping haphazard development of areas. For more details, check http://www.ourmch.com/approvedplans/goms86.asp

ANDHRA PRADESH HOUSING BOARD: This is a government body, established under the APHB Act 1956, responsible for providing housing accommodation to the needy at an affordable price. It has constructed various important buildings in the city since its establishment. The APHB is constructing two integrated townships, which are near completion, under the public private participatory (PPP) model with foreign participation. These townships are situated at booming outskirts of the city — at Pocharam and Kukatpally. The Pocharam Township, which is a joint venture between the APHB and the Cessma International Pte Ltd, a subsidiary of the Housing Board of Singapore, is named as Sanskruti Singapore-class township. The township being built at Kukatpally is a joint venture between the APHB and the IJM (India) Infrastructure Ltd, a subsidiary of IJM Corporation Berhad, Malaysia. Website: www.aphb.gov.in

Janapriya Engineers Syndicate: Established in 1985, this company has been focusing on providing housing to the middle-class and salaried sections of the society at affordable prices. According to the company, it has built 16,000 flats and houses in Hyderabad and Bangalore — the capital city of Karnakata, which it entered in the year 2000. Website: www.janapriya.com, Telephone: +91-40-23222999, 23222666, e-mail: sales@engineerssyndicate.com.

Prajay Engineers Syndicate: This is one of the leading real estate developers in Andhra Pradesh providing quality housing at affordable prices. They are into the construction of independent houses/flats, commercial complexes and farmhouses. According to the company sources, Prajay Engineers Syndicate has hitherto completed 50 real estate projects and built 5,000 flats. Website: www.prajayengineers.com

Babukhan Properties PVT. LTD: This company is one of oldest developers in Hyderabad. It has mainly focused on high-rise commercial constructions.
Telephone: +91-040-23400085, 9885440607.
For more real estate Developer, their address and contact numbers, visit website:
http://www.teluguproperties.com/realtors.php

International Developers: International property developers are now making a beeline for building new generation housing complexes across the country with the opening up of the real estate sector. Among those who are keen on entering the Indian real estate market are Chelsea Property Group, Eamonn Ryan Group, Hawkins Companies, Home Properties Inc, HRO International, National Realty & Development Corporation (all US-based), Ivanhoe Cambridge (Canada), Globe Holdings Ltd (New Zealand), Crescendo Corporation Bhd (Malaysia), Gewoba, Brebau (Germany).

Hightlight:
In order to cope with growing population and in view of rising prominence of Hyderabad as a knowledge capital of the country, Huda is also planning to create a Skyscraper Zone (SSZ) at Medchal. In SSZ, only high-rise buildings of minimum 12 floors will be allowed to build.