News & Events
Green Grace Resident Mr.Hari Krishna adari's daughter Niveditha won the trophy for getting GPA of 10 out of 10 in CBSE board examinations from Chirec Public school located in Kondapur.
August 24, 2013
Dial G for Gachibowli
T. LALITH SINGH
Jones Lang LaSalle, in its report, says the next growth hub is going to be Gachibowli what with Hi-tech City getting saturated
With Hitec City, the most sought after real estate hotspot of Hyderabad is slowly heading towards saturation, the next destination is going to be Gachibowli since it boasts of characteristics similar to Hitec City location.
Jones Lang LaSalle (JLL) which came out with a report on 'Emerging Investment Hotspots — Mining opportunities from the Complex Real Estate Terrain of India' and took a closer look at eight submarkets across seven cities of the country put its Hyderabad focus on Gachibowli.
In its outlook for Gachibowli, the Jones Lang LaSalle points at the availability of large land parcels for development and expects the residential prices to soar with increase in launches.
"The residential sales are also expected to remain strong due to demand from the employees working in surrounding IT/ITeS firms," it says.
Office rents are expected to increase further due to limited supply and as Hitec City is slowly getting saturated, the next destination for occupiers will be Gachibowli as it has similar characteristics of Hitec City, the report says.
The investment potential of the submarket is also expected to improve given the availability of land for real estate and infrastructure developments, improved connectivity along with relatively reasonable pricing of real estate than Hitec City submarket. Gachibowli submarket includes Gachibowli, Nanakramguda, Manikonda, Raidurg and surrounding locations and it is the next popular IT/ITeS destination of Hyderabad after Hitec City.
The IT related developments here began with CMC setting up its campus in late 90s and Microsoft opening its first campus in India in early 2000s.
Their footprints increased in this submarket further as the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) allotted land to financial companies at the Financial District at Nanakramguda.
Companies such as ICICI, Franklin Templeton, Institute of Chartered Accountants, Andhra Bank, Andhra Pradesh State Financial Corporation, APIDC Venture Capital etc are present in the Financial District.
As connectivity of Gachibowli started improving, the submarket witnessed IT campus developments, IT SEZ developments followed by residential and hotel development.
The submarket also houses major IT campus developments for companies such as Microsoft, CMC, Wipro, Infosys, Computer Associates, Polaris, Infotech etc and also has most number of SEZ developments in the city, documents JLL.
However the non-SEZ spaces did not see as much demand in Gachibowli as on date. This trend, the reports attributes, to occupiers opting for small-to medium-sized spaces in multi-tenanted buildings not willing to come to Gachibowli due to unavailability of desired infrastructure such as eating joints for employees, bus stops, primary health care facilities such etc. The IT developments in Gachibowli have attracted various national and local developers to develop their residential projects in this submarket.
Currently residential prices are on rise in this submarket and there are new projects being proposed at locations closer at Gopanpally, Tellapur and Nallagandla etc.
T. LALITH SINGH
Our Green Grace Resident, Flat No: A608, Mr.Utpal Das successfully participated in the Atlanta Foundation 66km Cycling Marathon held in Hitech City, Hyderabad for Charity on 15th Aug 2013.
Independence Day flag hoisting was done on 15th August at the Green Grace site. It was the first event to be held in the Green Grace Community. The flag was unfurled by Mr. N.Ramprasad who was the first occupant of his flat A 503 in Avani block in Green Grace. Other members of the Green Grace community and the employees of S&S Green Grace Pvt. Ltd also attended the function. We hope to have many more activities in the future at Green Grace
In a move to make green buildings more energy efficient, the Centre has decided to lower the connected load of such buildings to 100KW (kilowatts) from the existing 500KW. The Union ministry of power has already tabled the Energy Conservation Amendment Bill 2009 in the parliament to change the norms of green buildings, Ajay Mathur; director general, Bureau of Energy Efficiency, said. "Once the parliament give it approval, all green buildings will need to have a connected load of maximum 100 KW," Mathur added. "The amendment is required to change the Energy Conservation Building code to certify the buildings as green or energy-efficient buildings."
Speaking at the inaugural ceremony of a two-day workshop, Moving towards Gree'09 held in Pune, Mathur said that the new norms for green buildings will be more stringent.
Currently, there are only 50 structures in the country, including the Reserve Bank of India building in Mumbai that have the green and energy efficient buildings and then rate them like brands. "The more energy-efficient structures will have a better label. Labelling is needed to reduce the energy consumption," he added.
The LEED /IGBC rating system is a very important and necessary part of going sustainable in the built environment with the advancement of the green building movement in India, many companies have evinced keen interest in having a holistic green design and construction framework for their upcoming projects. Green buildings are considered high performance buildings. Strategically integrated mechanical, electrical and materials systems often create substantial efficiencies, the complexity of which is not always transparent. Rating a green building identifies those differences objectively, and quantifies their contribution to energy and resource efficiency.
Green building rating systems are an important tool in measuring and evaluating the environmental performance of a building. Rating and certification systems help define green buildings in the market. They inform the buyer/ viewer how environmentally sound a building is, providing clarity to what extent green components have been incorporated and which sustainable principles and practices have been employed.
The rating allows for accurate quantification of what those high performance features are, and helps differentiate the building in the market. Since rating systems often require independent third party testing of the various elements, there is less risk of the systems not performing as predicted. If a building is formally rated (or certified), there is less risk that the project has been "green washed"- or marketed to create the perception that a property is green, when in fact no real effort or expense has been invested to achieve that goal. Features related to energy and resource conservation are generally the backbone of a green building project. Rating systems reflect the importance of these.
There are several (25) rating systems in the world. LEED is seen as the mother of all rating systems. Most systems have been influenced by LEED rating concepts and processes. LEED India rating has been modified to suit the Indian climatic conditions. All the five climatic zones of India are considered by applying the ECBC (Energy Conservation Building Code) and this is factored during energy simulation. IGBC (Indian Green Building Council) has developed IGBC – Green Homes (specifically for residential projects in India) and IGBC – Green Factories (specifically for Indian factory buildings).
LEED India and IGBC Rating systems adopt the best of national and international standards and codes. LEED India adopts the following Indian codes and standards:
- Energy Conservation Building Code (ECBC) of Bureau of Energy Efficiency (BEE) Ministry of Power, GoI.
- National Building Code (NBC) Environmental Information System (ENVIS) for site related aspects Bureau of Energy Efficiency (BEE) labeling for home appliances Local regulations for parking and open space requirements Central Pollution Control Board (CPCB) guidelines of Ministry of Environment and Forests, Government of India. For some areas, there are no national codes and standards. In such cases, the best available international codes and standards are adopted.
- One rating system cannot be applied to all building types. Thus IGBC has launched different rating programmes to suit different building types. LEED (Leadership in Energy and Environment Design) India for New Construction LEED India for Core & Shell IGBC Green Homes IGBC Green Factory Buildings Awarding the rating system is carried out in a unique process as physical verification is carried out during construction, physical audit is carried out before certification and building performance is evaluated every six months, after the rating is awarded.
- IGBC is developing hard and soft infrastructural mechanisms like training professionals on green building concepts and simulation, capacity building through IGBC Accredited Professional Exam, Third party assessor's services of green projects, Credit Interpretation Rulings. It involves all stakeholders like architects, builders, developers and engineers in developing the rating systems.
- The concept of green buildings is here to stay and needs to be implemented in the future.
- With the introduction of the LEED India rating system, it is observed that there is a huge demand for efficient living and working spaces. And this further strengthens the Indian Green Building Movement.
Hyderabad: Next time when you come across people mercilessly cutting trees in Hyderabad, stop them and call Andhra Pradesh Real Estate Developer's Association (APREDA). The Association will provide necessary assistance for translocation of the trees.
This apart, APREDA is also providing an option of adopting a tree and maintaining it, for those who lack space at their homes.
Lending its hand in saving greenery in the city, APREDA on Saturday flagged off the translocation of 30 trees from ESI Hospital premises to Green Grace, an S&S Green Project at Nanakramguda.
It's the association's endeavour to save greenery in the city. It is also aimed at creating awareness among people to save trees and not to cut them. APREDA will help translocation of trees from one place to another with technical expertise, said APREDA president P. Prem Kumar."Over 30 trees aged between three to eight years are being shifted to Green Grace, Nanakramguda. It generally costs around Rs. 15, 000 for translocation of one tree but more than that we are happy that we are playing a part in saving these trees," said S&S Green Projects Private Limited Managing Director Vijaya Sai.
Translocation of trees is very important as the survival rate of the trees is more than ninety percent. During translocation, one should be careful not to damage the roots and cover them with enough soil. This apart, all the leaves have to be cut to avoid further damage and once the tree is shifted to a new place it takes 15-20 days to recover its growth, says P.M. Choudhary of Green Revolution, which is involved in translocation of trees. GHMC Commissioner Sameer Sarma, who was chief guest for the programme, said the Corporation was planning to provide different types of parks, including walker's park and children's parks.
This apart, 70, 000 trees would be planted with a special focus on road medians by next month and a private agency would be maintaining the trees. The agency would be paid based on the trees survival rate, he said. Regarding Green House building norms, Mr. Sarma urged the APREDA to submit the guidelines to frame the Green House rules and other relaxation provisions. APREDA can be contacted over email email@example.com