Greater Hyderabad and the 100 Stories in the making

April 16th was the birthday of Greater Hyderabad Muncipal Corp GHMC making it the second largest city in India after Delhi. [ Originally I said that we may be #1 since delhi is a UT, I received a ton of email indicating that delhi is not a UT .. So we are #2.. thanks for the correction..] Talk is now on that that the next step is to create a GHVMC.. Great Hyderabad, Vijayawada Muncipal Corp. Why not just create a TMC - Telangana Muncipal Corp, AMC-Andhra Muncipal Corp and RMC - Rayalseema Muncipal Corp which will lead to APMC - is there a need to have Hyderabad or other local governments?.

The much awaited 100 story tower bids have been closed. It will be 6 months before the technical evaluations are done. APIIC continues to find new bakras for their projects this time its reliance and an israel company. APIIC is trying to sell 76 acres of land at 6 crores an acre. Looking at the history of Golden Mile, this may end up in some legal trouble as soon as the bidders are selected and are forced to pay their advance.

Heard that cost of construction costs would run around RS 7000/sq ft., while the developer has to sell at Rs 10,500 / sq ft. to make a decent margin and to make the project viable. Now, theres a reason why we should buy apartments at 4000/sqft ;-). As of last week, some gucchibowli apartments in good gated communities were looking for buyers in the 3000 - 3300 per sq ft. range.