Page 2 - Hyderabad

Avg housing prices in top 8 cities surge 12%; Delhi-NCR sees highest rise

Excluding MMR, unsold inventory levels declined by about 5 per cent QoQ across the eight cities

Congress MP Vasant Chavan passes away, irreparable loss, says party

Congress MP Vasant Chavan passed away on Monday at a private hospital in Hyderabad after prolonged illness, party sources said. Chavan (69) breathed his last at the hospital around 4 am, the sources said. He was undergoing treatment for renal issues there since last week. The Congress veteran had won the Nanded Lok Sabha seat this year despite ill health and big desertions, including that of former CM Ashok Chavan, who joined BJP ahead of the polls. Soon after the Lok Sabha election results were out, Vasant Chavan had thanked Ashok Chavan for defecting to BJP. In the Lok Sabha election, Vasant Chavan defeated sitting BJP MP Pratap Patil Chikhalikar by 59,442 votes, overcoming issues like a weakened party after Ashok Chavan defected to BJP just before the elections and his own personal health problems. Born in Naigaon in Nanded district, Vasant Chavan was a gram panchayat member for a long time and later became a zilla parishad member in 1990 and 2002. He was elected to the ...

Hyderabad-bound private chopper crashes near Pune, all 4 occupants survive

A private helicopter flying from Mumbai to Hyderabad crashed in Mulshi tehsil of Pune district on Saturday afternoon but all four persons on board survived, police said. While the pilot was hospitalised at Paud, about 30 to 35 km from Pune city, the three passengers suffered minor injuries, an official said. Bad weather was suspected to have caused the crash as the area is receiving heavy rains, said inspector Manoj Yadav of Paud police station. The chopper, belonging to Global Vectra aviation company, crashed at Kondhwale village around 2 pm, he said. Locals rushed to the rescue of the occupants as it came down. "When they took off from Mumbai, the weather was fine, but when the chopper reached Paud area, which has been receiving rains since last night, it encountered difficulties. The pilot tried to land but it hit a babul tree and then crashed to the ground," said inspector Yadav. As the fall was broken by the tree, the impact of the final crash appeared to have been mitigated

IT firm Ahead opens new office in Hyderabad, set to hire 500 staff by 2025

IT company Ahead has launched its new office in Hyderabad, where it plans to onboard 500 people by 2025, the company said on Thursday. It has already set up a delivery office in Gurugram last year, where it has 400 employees. "We are thrilled to announce our expansion into Hyderabad, a city renowned for its dynamic tech ecosystem and exceptional talent pool. "The talent pool located in Hyderabad complements our existing talent base in North India, enabling AHEAD to better meet client needs, especially on larger services engagements," Ahead India, Vice President and Managing Director Praveen Grover said in a statement. The company plans to increase its headcount to 750 this year and complete the hiring of 500 employees in Hyderabad by the end of 2025, Grover said. "By the end of next year, Ahead aims to hire over 500 employees in Hyderabad, leveraging the city's rich pool of skilled professionals and its growing reputation as India's premier IT hub. This strategic move is part of .

Foxconn eyes Hyderabad investment, CM Reddy pitches 'fourth city' project

Taiwanese electronics major Foxconn has expressed interest in exploring investment opportunities in Hyderabad, Telangana government said on Friday. Foxconn Chairman Young Liu met with Telangana Chief Minister A Revanth Reddy in New Delhi and the latter invited the company to invest in a proposed "fourth city" to be developed on the outskirts of Hyderabad. Reddy assured Liu of full support, including necessary permits and incentives, for setting up factories in the state. "Liu said Foxconn is eager to explore investment opportunities in Hyderabad," an official statement from the Telangana government said. The Foxconn chairman noted that Hyderabad has the potential to expand in all sectors, including industrial and service sectors. Liu announced plans for an initial visit by a team led by Foxconn's Chief Campus Operations Officer Kathy Yang and India representative V Lee. He said he would follow up with a personal visit later. Outlining the development plans for the proposed "fourt

RevPAR sees 4.8% growth in Apr-June quarter in hospitality sector: Report

The revenue per available room rose by 4.8 per cent year-on-year in the hospitality sector in the April-June quarter this year mainly driven by the rise in Average Daily Rate, a report said on Wednesday. However, sequentially, the June quarter recorded a dip in occupancy levels, which can be attributed to the onset of summer vacations and a subsequent decrease of corporate travel, according to JLL's Hotel Momentum India (HMI) Q2 report. The report further revealed that besides a slight decrease in Goa's Average Daily Rate (ADR), all other markets (Bengaluru, Chennai, Delhi, Goa, Hyderabad, and Mumbai) showed considerable growth in ADR and revenue per available room figures, with Hyderabad leading the list. Hyderabad emerged as the RevPAR leader in the second quarter registering a growth of 11.9 per cent over the same period of 2023, followed by Delhi and Bengaluru with year-on-year growth of 11.8 per cent and 10.4 per cent, respectively, it added. Although occupancy levels remained

US Consulate Kolkata offers fastest visa issuance for your ticket to the US

The US Consulate in Kolkata is currently the fastest in India for issuing visas for holiday or business travel, averaging just 24 days. Chennai ranks last

Arunachal's capital, Itanagar to get ropeway, electric buses soon

Arunachal Pradesh's capital, Itanagar, is set to improve its urban transport infrastructure with the introduction of a ropeway system and electric buses. The Mayor of Itanagar Municipal Corporation (IMC), Tamme Phassang, said on Tuesday night that discussions for the installation of the ropeway system are in the final stages. The IMC is engaging with companies based in Hyderabad and Gujarat to finalise the project, he said. The proposed ropeway will offer a scenic and efficient transport route connecting key areas of the city, operating between Lobi in Division 4, the Secretariat, Ganga Market, Chimpu and vice versa. In addition to the ropeway, the IMC is collaborating with Arunachal Pradesh State Transport Services (APSTS) to operate 10 electric buses in the capital city, with the potential for future expansion, he said. It will depend on the success of the trials, he said. "These developments demonstrate IMC's dedication to modernising its transport network and promoting sustai

Indian Railways cancels Rs 30,000 cr tender for 100 Vande Bharat trains

The cancellation of the tender comes after the railways found the price quoted by the lowest bidder, Alstom India, to be too high

Sky high: Diwali airfares shoot to Rs 20K-30K on some domestic routes

Limited capacity growth, high demand pushing up ticket prices

Telangana is a 'Future State', says CM Reddy in US and seeks investments

Stating Telangana as 'The Future State", Chief Minister A Revanth Reddy, who is currently visiting the US, made a strong pitch for investments in the state. Addressing the CEOs of Tech Unicorns at an AI business roundtable hosted by the Indian Consulate General in California, the chief minister said Telangana would be "The Future State", given its current set of game-changing projects like the AI city, Net Zero Future City, and the massive reimagining of Hyderabad. "In America, every state has a motto. I have been so far to New York, New Jersey, Washington DC, Texas, and now we are here in California. New York State motto - Out of many, one. Texas is known as Lone Star state. California has a motto, Eureka. "In India we don't have motto for a state. But I will now like to give my state - Telangana - a motto. My state, Telangana, can be called - The Future State," an official release on Friday quoted him as saying in his address to the gathering. "I invite you to Telangana. I invi

Naga Chaitanya, Sobhita Dhulipala are engaged; Nagarjuna shares first pics

Actors Naga Chaitanya and Sobhita Dhulipala got engaged in a private ceremony. South superstar Nagarjuna blessed the couple by sharing photos from the occasion

AI, sports, health tourism hub to come up on Hyderabad outskirts: T'gana CM

Telangana Chief Minister A Revanth Reddy on Wednesday said a 'fourth city', after Hyderabad, Secunderabad and Cyberabad here, would come up at Mucharla on the city outskirts with an AI and health tourism hub, sports, and others being developed there on a grand scale. Speaking in the Legislative Assembly during a debate on the Appropriation Bill, 2024, he said the 'fourth city' would be the 'future city'. "After Hyderabad, Secunderabad city, Cyberabad city, we are going to establish a 'fourth city' at Mucharla," he said. While Hyderabad and Secunderabad are known as twin cities, the IT hub at Gachibowli in the Telangana capital is known as Cyberabad. The proposed 'fourth city' would be promoted as an attractive investment destination in the world, he said. It would also be connected by metro rail. The new 'city' would be a hub of medical treatment, skill development, international cricket tournaments, golf club and employment avenues, he said. The plans include developing a health

Dy Air Chief visits DRDO, HAL, TASL in Hyd, lauds indigenisation efforts

he Phase-II AD Endo-atmospheric missile was launched from LC-III at the Integrated Test Range (ITR), Chandipur, Odisha

In talks on with 3 Indian cities for potential return in 2026: Formula E

Formula E is in talks with three big cities in India for a potential return of the race in 2026, top officials of the all-electric racing series told PTI here on Friday. The Hyderabad round was dropped from the 2024 calendar due to the change in government in Telangana. Hosting a global motorsport event was not a priority of the new government which came to power last December. For Formula E, not respecting the multi-year agreement was a clear breach of contract. However, India is a market that Formula E cannot ignore and that is why it remains determined for a comeback. The calendar for the next season is already announced, so, the focus is on getting the race reinstated for the season beginning in December 2025. "Unfortunately due to the change of government in Telangana, we had to leave Hyderabad. It was a fantastic race. India is a Tier 1 market for us. We are working on a daily basis to try to be back there. Hopefully it will happen in 2026," Formula E co-founder Alberto Lon

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Sanofi to invest $437 million in India global centre, double its workforce

The Hyderabad facility is expected to do a significant amount of documentation work related to drug clinical trials, Roach added

Anusuya to Anukathir Surya: Govt approves IRS officer's gender, name change

The order approved by the government states that henceforth, Hyderabad-based officer M Anusuya, will be identified as M Anukathir Surya in all official records

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25

South India-based real estate developer Sumadhura Group on Friday said it is eyeing over three-fold growth in its turnover for 2024-25 to Rs 5,000 crore, mainly aided by new offerings. Sumadhura Group, with a 30-year legacy, also announced a new logo and tagline "Foundation of Happiness", a company statement said. According to the statement, this new identity reflects the contemporary image that aligns with Sumadhura's current growth, resonates with the target markets, and strengthens the group's position in the competitive landscape. Sumadhura Group CMD Madhusudan said, "Sumadhura group scaled up the offerings in 2024-2025 with a target of 5,000 crore projected turnover from the residential sector from Bangalore and Hyderabad on the back of aggressive launches. In 2023-24, we sold real estate worth 1,500 crore". The commercial and warehousing offerings will be over and above the residential segment, adding to the overall portfolio and scale of group operations, he added. The new