news-events

Ranked 139 in world, Hyderabad is best Indian city to live in

HYDERABAD: For the second time in a row, Hyderabad has been crowned as the best Indian city to live in by the Mercer's Quality of Living rankings 2016. Though the City of Nizams slipped by one place in the world rankings - 139 from last year's 138 - it continued to top the chart within the country owing to its relatively 'lower crime rate', 'lesser air pollution' and 'improved options for international and reputable English speaking schools', a release issued by Mercer stated.

Back home in India, the survey observed how cities haven't made much progress on the quality of living scale, scoring nearly the same as they did last year. Pune emerged as a close second to Hyderabad at 144 even as the upscale metropolises of Mumbai and New Delhi stood far below at 152 and 161 positions respectively. Though Chennai recorded an overall ranking of 150, it was named as one of the safest cities in India along with Hyderabad and Pune.

"In comparison to other metros, Hyderabad offers a more cosmopolitan environment and a higher standard of living at affordable rates. Real estate prices are reasonable and there is also a fine balance between modern and conservative living - something that is lacking in other metros like Bengaluru and Chennai," said Bharani Kumar Arrol, who moved back to Hyderabad from the US less than two years ago.

Source: TOI Feb 24, 2016

After Mumbai and Bengaluru, Hyderabad to get the third World Trade Center in India

Financial District in Gachibowli, Hyderabad will soon have a new tenant with the World''s Most Valuable company, Apple, taking up space at the iconic Waverock IT Park This will be Apple''s first development center outside the United States. The Hyderabad unit see an investment of close to US$25Million and will employ 4500 engineers

The facility will be located in 250,000 sft leased space at Waverock and is expected to commence operations in the later half of 2016. Apple follows Google and Microsoft, which have said they will invest in the state. Google plans to open South Asia''s biggest campus and its only facility outside the US in Hyderabad in the next few years chief executive officer Sundar Pichai announced in December. Microsoft also plans to expand operations in the state. India is the world''s fastest-growing smartphone market, having surpassed the US in 2015, making a strong case for Apple to set up stores in the country and reap the benefits of a large software development resource pool.

Source: DC 19.02.2016

Apple chooses Hyderabad for setting up its first Offshore Development Center

apple

After Mumbai and Bengaluru, Hyderabad will be the third city in India to get a World Trade Centre. A report in Deccan Chronicle states that this will become another hub for international businesses in the city. There are World Trade Centres (WTC) in a 100 countries at this point. According to the report, the Telangana government is planning to set up the WTC in a public-private-partnership mode on outskirts of the city. The state government will get a licence from the World Trade Centres Association (WTCA) for the same. The headquarters of the WTCA are in New York. It was established in 1970 as a non-profit organization to promote international trade.

The government is planning to tie-up with Bengaluru-based real estate major Brigade Group, which has already secured a licence from WTCA for setting up a WTC in Hyderabad, along with Kochi, Thiruvananthapuram and Chennai. The government will allot the land to build the WTC towers. "We are planning to propose the WTC project in the Budget to be presented in March. Around Rs 300 crore would be required for this. The government will work out modalities for executing the project in PPP mode," Mr Rao added. Each tower of WTC-Hyderabad will have about 30 to 35 floors and state-of-the-art infrastructure. to promote international business. It will also have networking with the WTCs spread over 100 countries across the world.

Source: ET 16.02.2016

Uber to open its largest Technology Center outside of the US, at Hyderabad. Picks up 1.5Lakh sft space

Uber, the most valuable startup in the world (Worth over $50Billion) is opening its overseas technology center Hyderabad. The company has finalized deal to pick up 1.5 Lakh sft space in Hitec City at new building "Western Pearl" which is few blocks before Google.

Earlier in July 2015, Uber has signed an MOU with the Telangana Govt to build it''s own facility with an investment of US$5Million.

Uber is expected to house around 2000 engineers in Hyderabad.

Source: BL 27.11.2015

Hyderabad to Get 20 new Multi Level Flyovers! City to Become Traffic Jam Free, in 2 Years

Gigantic project consisting of world class Multi Level Flyovers  costing Rs.2600 Crores with a stiff completion two and half years  will be built under the first phase of Strategic Road Development Program. The project will be taken up with EPC tenders with deferred annuity payments. The concession period of the project shall be 10 years after completion of the project/module and payment will be 20 equal semi-annual installments. State Government will stand guarantee for the project annuity payments.

Unlike a flyover on which traffic flows in two directions, multi-level flyovers facilitate simultaneous traffic flow in several directions. In the first phase itself, the five multi-level flyovers will be taken up

The Jubilee Hills check-post grade separator will to be the longest and will be built at a cost of Rs 120 crore.   The proposed flyovers at KBR Park Junction, Road Number 45, Jubilee Hills and Filmnagar road junction will have two levels, meaning two flyovers will crisscross each other and traffic will flow in different directions. The flyovers at Jubilee Hills check-post and Maharaja Agrasen Chowk, Road No 12, will have a single level with uni-directional traffic flow.

As a part of the 'Strategic Road Development Programme' for Greater Hyderabad, 82 km of city roads will be taken up for development on priority basis in phase one, along with the multi-level grade separators.

The road development project would cost Rs 1,605 crore. The aim of the SRDP is to come up with better road facilities that ensure that travelers move without having to halt or being stuck in traffic jams. In the first phase, the GHMC will focus on 10 major roads and junctions in key locations.  As a part of the Strategic Road Development Program, the selected road stretches would be widened,  said the GHMC authorities. The road development includes improvement of road geometry, intersection improvements, pedestrian side- walks and crossing facilities, traffic signage, marking, traffic signals and utility ducts.

Source: BS 24.07.2015