Real Estate in Hyderabad is slowly picking up and is trying to get back to the Pre-COVID levels. RBI's decision to hike the repo rate means home loans and other loans are going to get costlier. RBI has hiked the repo rate by 0.40% — the first such hike in nearly four years. The repo rate is the rate at which RBI lends to commercial banks, which means the move will make borrowing expensive for banks.An increase in repo rate implies that banks will also increase their lending rates making the EMIs costlier. Cheaper Home Loans have prompted home buyers to enthusiastically make purchases that are no longer going to be the case in the future. For Instance, SBI now offers home loans at around 6.85 percent. It will now go up to 7.25%.For a loan amount of Rs 30 lakh and tenure of 20 years, the monthly EMI now is about Rs 22,990 per month. The total interest payable for 20 years will be about Rs 25,17,510 and the total payments made over the loan term will be Rs 55,17,510.At the new interest rate of 7.25 percent, the EMI will rise to Rs 23,711 per month, an increase of Rs 721 over the old EMI of Rs 22,990. The total interest outgo will be about Rs 26,90,707, higher by Rs 1,73,197 over the old rate. The total payment to be made will be Rs 56,90,707. Real estate is skeptical about this hike damaging the prospects in near future.

Home Loan Interests Hike To Impact Real Estate!

TPCC has released the full schedule of Rahul Gandhi's two-day visit to Telangana. According to it, Rahul Gandhi will arrive at Shamshabad Airport on May 6 at 4:50 pm on a special flight from Delhi. From there, Rahul will leave for Warangal by helicopter at 5:10 pm. At 6:05 pm, he will participate in a farmer's meeting organized at the Warangal Arts College ground.After the meeting, he will leave by road at 8 pm and reach Hyderabad at 10:40 pm. His overnight stay has been arranged at Banjara Hills Taj Krishna Hotel. The next day, May 7, he will depart from Hotel Taj Krishna at 12:30 pm and reach Sanjeevaiah Park at 12:50 pm. There, he will pay tributes to the late Congress leader and former Chief Minister Sanjeevaiah.He will leave Sanjeevaiah Park at 1:15 pm and reach Gandhi Bhavan at 1:30 pm. The Congress MP will attend the party's internal meetings at Gandhi Bhavan from 1:45 pm to 2:45 pm. Rahul will hold discussions with TPCC leaders on the state of politics in the state and the party situation.After the meeting, he will reach Shamshabad Airport by road from Gandhi Bhavan at 3 pm. He will arrive at the airport in the evening. A special flight will leave for Delhi at 5:50 pm. Rahul Gandhi was supposed to address students at OU arts college on this tour but Telangana High Court refused permission saying Universities can not be used for politics.

Rahul Gandhi's Telangana Tour Without Osmania Visit

A Farmer from Kurnool, Andhra Pradesh brought smiles to the faces of patients at a government hospital in Kondapur on Wednesday. He sent a consignment of 1,000 kgs of mangoes to patients and their families. He sent the consignment in nearly packed cartons to Malleshwar Rao Nemani, an IT professional, who is known for his ‘don’t waste food’ campaign.Malleshwar Rao says he neither knows the donor nor was contacted by him. The farmer asked him to distribute the mangoes to the poor and Malleshwar Rao decided to do that at the government area hospital at Kondapur.&nbsp;"There are many pregnant women n the hospital. So, I thought it is good to give them the mangoes," Malleshwar Rao said. The Banganapalle variety of mangoes are not leftovers nor are they damaged. All of them are in very good condition and can easily fetch 80 to 120 Rupees per Kg in the market. The fruits were distributed to 500 people in the hospital on Wednesday, much to the delight of the patients and their attendants.

Mango Surprise For Government Hospital Patients

Ahead of the monsoon season, GHMC is busy re-laying roads. But then, some agencies like the HMWS&amp;SB and private agencies are notoriously famous for digging up the freshly-laid roads for underground pipeline repairs and other reasons. The corporation had finally decided enough is enough and is going legal on such agencies.The corporation is in consultation with the government about this. The civic body, which has embarked on the Comprehensive Road Maintenance Project (CRMP), is re-topping 709.49 kilometers of roads in Hyderabad. However, the efforts are squandered by rampant road cuttings in bylanes of Baghlingampally, Tarnaka, Mettuguda, Himayatnagar, Secunderabad, Quthbullapur, King Koti, and Chikkadpally among others.The HMWS&amp;SB has also dug the main roads on Borabanda, Erragadda, Uppal, Nagole, and others and did not restore them. The agencies take permissions for small stretches and go for road-cuttings as per their whims and fancies. For an instance, permissions have been obtained this season only for 53.63 km of road cutting. But only HMWS&amp;SB officials however have dug up 150 km length of newly-laid roads in various parts of the city and have not re-topped them.

GHMC To Legal Over Agencies Destroying City Roads

A CCTV camera visual of a young man lying bleeding on a road in Hyderabad with his face beaten to a pulp with an iron rod has gone viral on social media. This is said to be an honor killing and the man, a Hindu may have been killed by relatives of his Muslim wife. The couple married only three months ago and the wife is seen fighting off his attackers in the video.B Nagaraju and Syed Ashrin Sulthana had just left home on Wednesday evening on their bike. Two men blocked their way and attacked them with an iron rod. In a few seconds, Nagaraju is dead with his face becoming a bloodies mass.&nbsp; A crowd gathered but watched as the attackers kept beating Nagaraju who died on the spot.Nagaraju and Sulthana had married in January, at Arya Samaj in the old city of Hyderabad. Parents of both sides did not agree to the marriage. But the couple decided to go ahead since they had known each other since Class 10. Sulthana had changed her name to Pallavi after the wedding which even enraged her family.
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet">Shocking news about a 26-year-old Hindu man Billipuram Nagaraju who was brutally lynched and stabbed to death in Saroornagar of Hyderabad for marrying a Muslim woman against her family’s wish in January this year. This is such a horrifying news. <a href="https://t.co/roK1LRlsin">pic.twitter.com/roK1LRlsin</a>— Aditya Raj Kaul (@AdityaRajKaul) <a href="https://twitter.com/AdityaRajKaul/status/1522182948916588544?ref_src=twsrc%5Etfw">May 5, 2022</a></blockquote>

On CCTV: Hindu Man Killed For Marrying Muslim

Not so long ago, there was a time when traveling from one place to another in twin cities was a huge issue due to traffic snarls at various signal points. However, the state government and bureaucracy implementing the strategic road development plan (SRDP) have changed the way people travel in the capital city.The government initiatives to boost road infrastructure and address long-pending traffic problems are now showing results. Among the many initiatives that changed the face of Hyderabad, SRDP can be considered an important one.The state government formulated SRDP a few years back for improving basic amenities in Hyderabad, safe driving and improving traffic monitoring facilities, minimizing travel time, increasing journey speed, and reducing air pollution levels. The idea is to reduce traffic woes and create the necessary infrastructure for future traffic needs.Also, the main roads have been restored under the comprehensive road maintenance program (CRMP), and new link roads have been developed. Post-SRDP by Greater Hyderabad Municipal Corporation (GHMC), it can be seen that the city roads have undergone a lot of change. Apart from the cable-stayed bridge at Madhapur, the authorities have constructed 22 flyovers, underpasses, RoBs, and RuBs in different parts of the city.For the unversed, SRDP was intended to cover major corridors and activity centers such as Jubilee Hills, HITEC City, Kukatpally, Panjagutta, Abids, Bachupally, Charminar, LB Nagar, Chandrayanagutta, Secunderabad, Uppal, ECIL, Alwal, Kompally, and Jeedimetla.

City Takes Huge Strides in Infrastructure Development Drive

Union Government has extended GMR Hyderabad International Airport Limited’s (GHIAL) term of the concession agreement for a further 30 years. The Group can now run the airport till 2068. The new agreement term will be in force from March 23, 2038, to March 22, 2068, according to a regulatory filing of the GMR Group.The Hyderabad Airport is India’s first greenfield airport built under a public-private partnership model. The airport started with an initial capacity of 1.2 Crore passengers per annum and went up to 2.1 Crore in 2019 but the pandemic played a spoilsport. The airport is currently undergoing a major expansion that will raise its capacity to 3.4 crore passengers per annum.&nbsp;The airport’s master plan envisages an ultimate capacity of over 10 crore passengers per annum and GMR Group will use this extension to reach that capacity. The airport is also the largest private airport operator in Asia and the second largest in the world with a passenger handling capacity of over 18.9 crores annually.

GMR Group To Run Hyderabad Airport For Another 30 Years

KPHB police on Tuesday arrested a thief who had robbed a silver jewelry shop at Forum Mall, which is always under surveillance. He successfully hoodwinked the security and managed to rob the shop. Kukatpally ACP Chandrasekhar revealed the details to the media after arresting the accused.&nbsp;Majid Khan from Nampally had previously worked as a salesman in a clothing store in Forum Mall. On the 30th of last month, he went into the mall and entered a shop on the second floor, and left with a bag of silver jewelry. Ramakrishna, the store in charge who came to the shop in the morning, found out about the theft and lodged a complaint with the police.&nbsp;After examining the footage of the shop and the mall, the police have got some clues. Majid Khan, who appeared suspiciously on KPHB Road No. 1 on Tuesday, was arrested and interrogated by the police. The accused admitted to the crime. Police said 6.5 kg of silver jewelry worth Rs 7.80 lakh was seized from him and he was sent behind the bars.

Robbery In Forum Mail, Accused Arrested

Heavy rain accompanied by thunder, lightning, and gusts of winds lashed many parts of the city on Wednesday morning. Heavy rains lashed Khairatabad, Ameerpet, Secunderabad, Maredpally, Bowenpally, Miyapur, Nizampet, Rajendranagar, Pedda Amberpet, Abdullapurmet, Budwel, Shivarampally, Kushaiguda, ECIL, Kapra, Jagadgirigutta, Kukatpally, Cantonment, Malkajgiri, and Musheerabad areas.&nbsp;As a result, the city's roads are flooded. Many colonies were inundated. The power supply was cut off in several parts of Hyderabad city due to heavy rains with gusts of wind. Power cuts were reported in Jubilee Hills, Yusufguda, Ameerpet, Malakpet, Dilsukhnagar, Chaitanyapuri, Kothapet, LB Nagar, and Vanasthalipuram. Heavy rains lashed Panjagutta junction. The water reached knee-deep at the intersection of Khairatabad and Banjara Hills.Trees fell on the road at State Home on the way from Yousufguda to Maitrivanam. This has caused severe disruption to traffic. The sudden rains have cooled down the city and brought some respite to the city folks who are suffering from an unprecedented heatwave for the last few days. However, the scenes witnessed in the city due to the rain are causing citizens to worry. The ordeals underline how GHMC is totally unprepared for the upcoming monsoon season.

Heavy Rains Bring Flooded Roads, Traffic Snarls, and Power Cuts

Recently, there was a sad incident of a person committing suicide at Durgam Cheruvu, and added to that, there have been incidents of racing on the suspension bridge apart from other incidents. Acting swiftly, Cyberabad police have started patrolling activities at Durgam Cheruvu. Cameras have been installed to make sure unwanted incidents don’t take place in the area.Apart from surveillance cameras, electric bike patrolling and lake patrolling boats have also been put up. The entire activity is being done as a part of a public-private partnership, and Raheja Group and other IT companies are supporting the initiative to increase security in the area.DGP M Mahender Reddy shares that Cyberabad police are at the forefront when it comes to providing security to people. He says Hi-Tec city and Financial District need to have a safe environment as many companies from other states and abroad make their investments here.The surveillance cameras and other patrolling mechanisms will not only stop trouble mongers and criminals, but they will also help prevent suicides, says Mahender Reddy. She Teams will also be deployed to make sure women working in the IT industry have a safe environment.All teams will be trained to be alert, respond quickly, and have good lifesaving skills.

Cameras Installed at Durgam Cheruvu To Prevent Unwanted Incidents

The pandemic is showing a downward curve, at least for now, and the market is once again buoyant. Big companies are eyeing office spaces in the city, thanks to the infrastructural and business developments here. Hyderabad has emerged as the most resilient city by registering maximum share in leasing volume at 2.5 million sq ft, surpassing Bengaluru, as the companies looked at large block deals and even leased entire buildings<a href="https://en.wikipedia.org/wiki/BFSI">BFSI</a> and flexible workspaces accounted for 66 percent of total demand in Hyderabad. In Q3, 2021, it was seen that Raidurg saw maximum leasing traction accounting for 53 percent demand, while HITEC city contributed for 40 percent.After a hard-hitting second quarter, the overall absorption numbers rose by 89 percent quarter-on-quarter, leveraging tenant favorable market dynamics. IT sector-driven companies in Hyderabad, Bengaluru, and Pune accounted for 62 percent of gross absorption in Q3, 2021. In fact, large deals made a comeback led by demand from flexible workspace operators.Pan-India, too, there was a demand for flexible workspaces to tide over uncertain times. The share of Flexi workspaces in leasing increased to 26 percent in Q3 2021. Leading flexible workspace operators focused on signing large block deals exceeding 1,00,000 sqft in almost all major cities. Pune accounted for the largest share in flexible workspace, followed by Hyderabad.