Sandstone Paradise Phase-I - Status as on Nov 2014

Sandstone Paradise Phase-1 Status As Of 25 Nov 2014:

• HMDA Approval received in Jan 2014
• Plot registrations completed
• Development works started, but very slow progress and got delayed a lot (For 3-4 months, works stalled and only started again in last week of Nov 2014)
• Below pictures are taken on 25 Nov 2014

Sandstone Paradise Phase-I is split into two by the road from Mokila to Kondakal.

Left side of the layout:

'Influence zones' proposed near metro rail stations

If Hyderabad Metropolitan Development Authority's plans materialise, only high-rise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones.

The HMDA has prepared development regulations (building rules) for 19 proposed influence zones in the city. The authority has already decided to promote Transit Oriented Development (TOD) around the metro rail stations. To take it further, the development regulations have been formulated by the HMDA.

Officials said the influence zones would focus on all-round development. In the influence zones, commercial space, budget hotels, coffee shops, day-care facilities, restaurants, service apartments, hospitals, cyber cafes, health clubs, entertainment centres apart from residential purpose would be allowed. Banquet halls, car showrooms, bus depots, electrical sub-station and automobile repair shops would not be permitted in the zones.

ANDHRA PRADESH INFORMATION TECHNOLOGY INVESTMENT REGION (AP ITIR)

To promote investment in Information Technology (IT), Information Technology enabled services (ITES) and electronic hardware manufacturing (EHM) units, the Government of India has envisaged a transparent and an investment friendly policy for setting up Information Technology Investment Regions (ITIRs) – a Gazette notification dated 28.05.2008 published a policy resolution for setting up of ITIRs.

There has been an increasing recognition of the importance of policy initiatives, enabling legislation and conducive regulatory environment in facilitating growth of economic activity. The Information Technology Investment Regions (ITIRs) is such an initiative being encouraged by the Government of India – different states are at various stages of planning these investment regions.

Based on the policy guidelines of the central government, the government of Andhra Pradesh (GoAP) had notified Information Technology and Communications (IT&C) department as the nodal department for ITIR development in Andhra Pradesh. IT&C department had prepared and submitted a detailed Project Proposal for approval to the central government in January 2010. The Andhra Pradesh ITIR proposal was then presented to a High Powered Committee (HPC) at the GoI level, in August 2012, for final approval. The HPC has recommended AP ITIR for In-Principle approval and suggested that a Detailed Project Report (DPR) shall be submitted for Final Approval from Cabinet Committee for Economic Affairs (CCEA).

Two years after the Andhra Pradesh State government sent its proposal for ITIR and clarified to the observations made by ministries concerned such as Information Technology, Commerce, Industries, Railways, Finance and Environment etc., the High-Powered Committee (HPC) headed by Union Cabinet Secretary recommended in-principle approval to the APITIR project in August 2012. In September 2013, the Cabinet Committee on Economic Affairs(CCEA), chaired by Prime Minister Manmohan Singh, approved ITIR near Hyderabad subject to certain conditions.

New York-based IT firm Synechron to invest in Hyderabad

New York-based IT firm Synechron today said it will set up two new centres in Bangalore and Hyderabad and invest about $30-35 million (over Rs 210 crore) in the next three years in India.

The two new centres in southern India will focus on delivering domain intensive and differentiated technology capabilities to clients in the banking and financial services, Synechron said in a statement.

"Synechron plans to aggressively drive business by investing $30-35 million on India expansion over the next three years," it added.

The company, which already has a centre in Pune, plans to ramp up expansion to 225 employees in Bangalore and to 150 in Hyderabad in the current fiscal.