Category: Major Developments

Real Estate Across the Country Hit by Recession

According to report by Construction Real Estate Developers in India (CREDAI), real estate all across the country, especially in metropolitan cities is looking gloomy. The sales of many commercial projects have declined due to the effect of global recession. It…

AP Vigilance Raids Emaar and Raheja Offices

AP Vigilance Department Officials raided the premises of Emaar-MGF and the Raheja IT park, on 2 Nov 10, in the wake of allegations that they have cheated the Andhra Pradesh Industrial and Infrastructure Corporation (APIIC) by diluting its stake in…

SBI and HDFC Dominate the Housing Finance Market

State Bank India, the country’s largest lender has equaled the HDFC’s share in the domestic housing finance market share. A recent ICRA report on ‘Performance review of housing finance companies and Indian mortgage finance market for 2009-10’ stated that both…

HDFC Chairman Calls for Affordable Housing

HDFC chairman Deepak Parekh urged the nation’s mortgage lenders to make housing affordable and available in urban areas to help tackle the issue of urbanisation in our country. He said that India has always under invested in cities and more…

Modern Shopping Mall Replaces Surya Theatre

The changing lifestyle of younger generation, middle and upper middle class people of Hyderabad and their increased focus on value proposition rather than just price has boosted the growth of the mall culture in our city. The growth of the…

Cyberabad Most Unsafe in AP

Though Greater Hyderabad comprised of Hyderabad and Cyberabad is considered as the best city to live, it is no longer safe with increase in crime rate. According to the state Crime Records Bureau, Cyberabad is the most unsafe place in…