This week has seen insertion of two notifications that will give a shot in the arm to the realty sector. We cannot definitely see that the realty market will boom or the sale of realty properties will improve manifold. But, if the notifications are any indication, a highly favourable atmosphere for the realty sector is going to be created.
The market for office space will grow from the stagnant position. The market for office space will recover from the sluggish trend being experienced for the last 18 months or so.
The JP Morgan has announced to set up its biggest campus in Hyderabad in the Asia-Pacific region. It identified Salarpuria Sattva Knowledge City in Madhapur to locate its office on a sprawling 8.22-lakh sft space. From this office, the JP Morgan will provide global financial services to clients. It also provides technology, risk, operations and other services. An official of the JP Morgan who wished to remain anonymous said that the office would meet the demands of the clients. It stands as a testimony for the company’s commitment. The official said that global work environment is provided to the employees.
Malabar Gold to invest Rs 750 crore
The Malabar Gold and Diamonds is setting up its gold and diamond jewellery production facility in Telangana, according to a message tweeted by Minister KTR. It is going to invest at least Rs 750 crore providing employment to at least 2500 persons. Recently, representatives of Malabar Gold and Diamond have called on KTR as a matter of courtesy. The Hyderabad-based businessman Nasir Ali Khan who has been appointed as honorary consul of Kazakhstan was also present on the occasion.
