HYDERABAD IT SEZ

Micro markets in Pune, Chennai and Hyderabad attracting office space occupiers due to sub-dollar rents : Report

Hinjewadi in Pune, Gachibowli, Nanakramguda, and Kokapet in Hyderabad, and Mount Poonamallee Road and Pallavaram-Thoraipakkam Road in Chennai are becoming popular office locations due to affordable rents, reasonable residential prices, and good connectivity. The Triumvirate of Gachibowli, Nanakramguda, and Kokapet in Hyderabad offers a rental arbitrage of 25-30% compared to HITEC City.

GMR Hyderabad Aviation SEZ signs lease agreement with Safran Aircraft Engines for MRO

GMR Hyderabad Aviation SEZ Ltd has signed a Land Lease Agreement with Safran to lease land in Hyderabad, India for Safran to build and operate an Engine MRO facility for LEAP turbofan engines. Occupying 36,500 sqm of built-up space across 23.5 acres, the facility will have an initial capacity to service 100 engines per annum, gradually increasing to around 300 engines by 2035.

GIC buys Phoenix's Hyderabad IT Park for Rs 1,050 crore

Singapore's sovereign wealth fund, GIC, has purchased an information technology-special economic zone in Hyderabad's Gachibowli district from Phoenix Group for $141m. The deal includes the entire development of Phoenix Aquilla, which has two towers that are spread over 1.8 million sq ft. The first tower, covering 700,000 sq ft, has already been completed and leased.

Allianz-Shapoorji looks to exit Hyderabad's IT SEZ Waverock for Rs 2,000 cr

Allianz Group and Shapoorji Pallonji's entity plan to sell their 2.5 million sq ft IT SEZ property Waverock in Hyderabad, with Apple, Accenture and TCS among the tenants. The property is expected to sell for around ₹2,000 crore. The property has attracted interest from several institutional investors, with Singapore's sovereign wealth fund GIC emerging as the front-runner, according to sources.

Qualcomm leasing 700,000 sq ft of office space in Chennai

The company will be paying more than Rs 80 per sq ft as rent for the long-term lease, including escalations every three years, as per the terms of the agreement, said people in the know.

Adani Ports wins Karaikal bid with ₹1,200-crore offer

Bidding for the port was conducted under the Insolvency and Bankruptcy Code (IBC) guidelines. The lenders to Karaikal Port met last week to approve APSEZ's offer, which will now be taken to the National Company Law Tribunal (NCLT) for the final approval, said the people.

Office space leasing witnessed 66% rise in the first nine months of 2022: Report

The report points out that small-to-medium-sized transactions drove leasing activity with a share of 85%, which was largely stable on a Q-o-Q basis. The share of large-sized deals (more than 100,000 sq. ft.) increased marginally to 7% from 6% in Q2 2022. Bengaluru followed by Mumbai, Delhi-NCR, and Hyderabad dominated large-sized deal closures during Q3 2022, while a few such deals were also reported in Pune, Chennai, and Ahmedabad.

Realty hot spot: Upcoming suburb of Hyderabad with affordable housing options

Miyapur has affordable housing options as well as prominent employment hubs

Tishman Speyer, Ganesh Housing form strategic alliance for SEZ project in Ahmedabad

“We are pleased to partner with a global leader to help us build sustainable and world class projects for all our clients. We look forward for a long-term collaboration to meet the values and expectations of our customers in future as well,” said Shekhar G Patel, Managing Director, GHCL.

Over 50 women workers in apparel SEZ near Vizag fall sick after gas leak

While some of the workers were administered first aid in the medical centre in the SEZ, some others were shifted to nearby hospitals, police sources said. Some of the workers who fell sick were said to be pregnant. On June 3 too a similar incident occurred in the same place where more than 200 women workers fell unconscious after complaining of eyesore, nausea and vomiting.

Realty hot spot: A developed residential area in Hyderabad

Properties here are available in the range of Rs 3,400-9,000 psf. A 1-BHK (690 sqft) costs an average of Rs 31 lakh and 3-BHK (1,480 sqft) costs Rs 79 lakh.

Realty hot spot series: A Hyderabad locality with good connectivity

This neighbourhood is well-connected and has good social infrastructure. It offers excellent connectivity to other parts of the city via NH 163, Inner Ring Road and Metro (blue line).

ED seizes assets of absconding Hyderabad firm promoters under FEMA

The seized assets are in the form of 15 immovable properties situated in the states of Telangana and Andhra Pradesh, the federal probe agency said in a statement.

Cabinet decides to rechristen Mumbai-Karnataka region comprising 7 districts as Kittur Karnataka

The Cabinet has decided to rechristen the Mumbai-Karnataka region consisting of Uttara Kannada, Belagavi, Dharwad, Vijayapura, Bagalkote, Gadag and Haveri districts as Kittur Karnataka," said Law and Parliamentary Affairs Minister J C Maduswamy.

GIC to buy Phoenix Group's 1.1 million sq ft IT SEZ in Hyderabad for Rs 1,050 crore

The entire development, Phoenix Aquilla, has two towers spread over 1.8 million sq ft and the first tower with 7 lakh sq ft has already been completed and leased. Both the towers situated next to Amazon's operational campus are separate and independent parks.

SpiceJet inks pact with GMR Hyderabad Aviation SEZ

GAHSL is a fully-owned subsidiary of GMR Hyderabad International Airport Ltd (GHIAL).

Sun may set on SEZ rush sans extension

Around one-third of India’s office market supply comes from SEZs, and Information Technology SEZs form a major chunk of exports, valued at more than $43 billion annually. Technology, engineering, and manufacturing companies are the most represented in SEZ facilities.

Allianz-Shapoorji JV buys Hyd Property for Rs 1,800 cr

The Allianz Group’s joint venture entity with Shapoorji Pallonji Group has acquired nearly 2.5 million sq ft IT SEZ property Waverock in Hyderabad for around Rs 1,800 crore from current joint owners Singapore’s sovereign wealth fund GIC and New York-based developer Tishman Speyer. The deal marks GIC’s maiden exit from any of its Indian properties.

Altico Capital exits Phoenix Group's IT-SEZ project in Hyderabad

Developer prepays Rs 250 crore loan it had raised from Altico

Office space supply up 46 percent in Jan-Mar at 13.4 mn sq ft in 9 top cities: CBRE

Hyderabad witnessed a sharp jump in supply to 5.2 million sq ft from 0.7 million sq ft during the period under review.

Infosys celebrates World Environment Day with UNEP

The company also pledged to reduce the per capita generation of plastic waste by 50% in the same year.

I-T attaches Rs 1,200cr SEZ unit of Gitanjali in Hyderabad

The officials said the property has been provisionally attached under the Income Tax law and the action was taken to "recover outstanding tax demands".

Watch: I-T dept attaches Gitanjali's Rs 1,200 cr SEZ property