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***10/09/2010 -Vigilance and Enforcement Department Kickstarts Probe into APIIC deals
***10/09/2010 -Outer Ring Road (ORR) Land Aquisition. AP High Court Quashes five notifications issued by the Hyderabad Metropolitan Development Authority
***09/09/2010 -APIIC deals under ACB scanner
***09/09/2010 -HDFC extends Teaser Home LOan but raises Interest Rate
***07/09/2010 -Boulder Hills Hyderabad. Court orders registration of cases against APIIC-Emaar accused.
***06/09/2010 -Buyers Beware! Check Whether Builder has Taken or Will Obtain Occupancy Certificate from GHMC.
***28/08/2010 -Wipro Commences Operation at 40 Acres Gopanapalli SEZ Campus, Hyderabad
***28/08/2010 -Satyam Scam. Enforcement Directorate (ED) takes over 4000 Acres Tainted Land
***27/08/2010 -GHMC Core City Master Plan. Multiple land use allowed in core areas
***25/08/2010 -Emmar Placates Byuyers. Flats to be ready by Jine 2011
***25/08/2010 -Core City Master Plan- Hyderabad gets revised master plan after 35 years
***25/08/2010 -Few takers for Rajiv Swagruha scheme. Govt Scheme for Middle Class Housing a Flop
***25/08/2010 -Building Penalisation Scheme (BPS) extended till Nov 15
***25/08/2010 -IT SEZs fail to keep job promise
***23/08/2010 -Emmar Controversy Gives Jitters to Corporate Sector in AP
***23/08/2010 -HMDA Master Plan for Hyderabad City Core Areas Released
***20/08/2010 -Stamp duty on GPA registration in AP to be hiked to 5% the highest in any state in India
***13/08/2010 -US based Alexandria Inc to Set Up Health Care Facility with Multi Speciality Hospital at Hitec City, Hyderabad.
***12/08/2010 -Emmar Gachibowli Project Land Deal. Heat gets to Bosta
***11/08/2010 -Emmar Gachibowli Project Back in Controversy. APIIC accused of allowing Govt stake to be given away
***08/08/2010 -Satyam Scam. CBI uncovers 7631 Fake Invoices
***05/08/2010 -IT Investment Region (ITIR) in Hyderabad. Central Govt to come up with final modalities soon
***05/08/2010 -HMDA may lose traction? Commissioner BP Acharya Shifts to Industries Dept. Rajeshwar Tiwari takes over as new commissioner of Hyderabad Metropolitan Development Authority
***05/08/2010 -Hyderabad Metro Rail. Govt grants 500 cr ore
***03/08/2010 -Telangana - Regsitration Revenue Falls Further
***02/08/2010 -Mumbai HC Stay on Service Tax for buildings under construction
***02/08/2010 -HMDA master plan for Peripheral Ring Road (PRR) beyond Hyderabad Outer Ring Road (ORR)
***02/08/2010 -Banks likely to woo existing home loan clients with base rate-linked offers
***01/08/2010 -Bypoll results come as huge blow to realty biz
***31/07/2010 -Prospects of Telangana more Real after Clean Sweep by TRS and BJP
***31/07/2010 -Stamp duty on sale deeds reduced to 5%
***31/07/2010 -HMDA plans street lighting and Landscaping along ORR
***27/07/2010 -Land acquisition for Metro begins
***24/07/2010 -Sterlite Proposes Rs.9000 Crore LCD Plant in Fabcity Hyderabad
***24/07/2010 -Fund crunch hits Hyderabad Bus Rapid Trasnport System (BRTS)
***24/07/2010 -Finally Satyam Trial to begin...on Monday
***18/07/2010 -State fixes Jan deadline for Metro Rail takeoff
***15/07/2010 -L&T to build Rs 12,132 Crore Hyderabad Metro
***14/07/2010 -CBI to Attach 425 Satyam Scam Money Properties extending to 1224 Acres. Earlier ED had Attached 444 Properties 4533 Acres
***14/07/2010 -Plot Auction Raises 67 Crore for HMDA . Rs.10,000 to Rs.17,000 Sqd in Nallagandla
***14/07/2010 -GHMC Allows Rampant Illegal Construction in Hyderabad
***09/07/2010 -Kokapet SEZ HYderabad. HMDA issues directive to Mahindra Satyam, Congnizant, Sonata Software, Patni Computers, Intelligroup, Google, D Q Entertainment and C-Bay to start work by September
***09/07/2010 -Piped Gas to Hyderabad a Pipe Dream? Bhagyanagar Gas Limited (BGL)
***05/07/2010 -Consumer Court Ask Maytas Hill County to Refund FULL AMOUNT to G Harshavardhan and G Chandrasekhar
***04/07/2010 -BPS Deadline Date extended. Last Date for building penalisation scheme is August 15
***04/07/2010 -Home prices to go up 2.5% as service tax kicks in
***04/07/2010 -GHMC Hyderabad to rope in pvt parties to develop city
***04/07/2010 -Center approves Hyderabad Metro Tender Process
***04/07/2010 -AP Govt unviels new Information & Communications Technology policy 2010-2015
***04/07/2010 -SBi Extends Teaser Home Loan Rate of 8% for First Year till September

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Hyderabad News.Fund crunch hits Hyderabad Bus Rapid Trasnport System (BRTS)

Hyderabad News. TOI 24.07.2010

(Excl Ventures News.)

 The much-hyped Bus Rapid Transit System (BRTS) from Rethibowli to JNTU Kukatpally is in doldrums with the Greater Hyderabad Municipal Corporation (GHMC) unable to raise funds for the proposed project.As a result,the corporation has put formation of the special purpose vehicle (SPV) for BRTS on hold.


The 18-km stretch,one of the busiest routes in the city,from Rethibowli-Hi-Tec City-JNTU at Kukatpally was chosen for BRTS as there is scope for widening and development of the road.
The Unified Metropolitan Traffic Authority (UMTA) had last year decided to tap about Rs 180 crore under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to take up BRTS.However,the Union government kept the project pending as Andhra Pradesh had utilised Rs 2,475 crore more than the allocated funds.


Another 38 projects,worth about Rs 3,392 crore,are still pending with the government.
With no signs of fresh sanctions to the state,the UMTA and GHMC are planning to take a soft loan from Japan International Cooperation Agency (JICA).The Hyderabad Metropolitan Development Authority (HMDA) has already taken loan for the Outer Ring Road (ORR) phase II and the Hussainsagar cleaning programme.


The state government is under pressure to take up the project as it assured the Bhure Lal Committee on Action Plan for Improvement of Air Quality in Hyderabad.
The corporation assured the committee at the recently held meeting that SPV for BRTS would be formed as soon as possible.


The proposals for formation of SPV are being prepared and sent to the state government for approval.The GHMC commissioner will be chairman of the SPV and one of the executive directors of APSRTC will act as managing director of the proposed SPV, a senior GHMC official told TOI.



Officials see no purpose in forming an SPV unless the state government gets funds for BRTS.BRTS for the city was proposed three years ago.Feasibility studies were conducted on major routes like Uppal-Mehdipatnam, Uppal-Aramghar and other areas.Finally,it was decided to have BRTS on Rethibowli-Kukatpally stretch.Last year,Canadian International Development Agency (CIDA) had completed a feasibility study and submitted a report,including environmental and social assessment study and preliminary designs.


It was decided that while GHMC would provide infrastructure facilities for BRTS like road widening,APSRTC would provide buses and operate them on the this route.


Comment :

The proposed BRTS will hamper traffic since the existing narrow roads will have to be dedicated. Hope there will be elaborate review before going into such mad schemes.


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