There was a time when Hyderabad was known for its real estate market and was known as the property hub. But all that became farce with the big crash in the market and the arrival of recession. However, the consequences of that are still being borne by the builders and realtors.
Sources say that deluxe flats are now available for Rs 2000 –Rs 2300 per sft and this is in areas such as Shameerpet, Shamshabad etc. It is also heard that on proper bargaining, the prices will come down further. The situation is no better even in few key areas of the city.
So far, even the experts are not in a position to predict when things will change since not many transactions are happening. On the other hand, with the banking and financial institutions amending their rules to a stringent level, tough times are lying ahead for the property segment.
Real estate news, hyderabad Live News, hyderaba properties,
Showing posts with label Real estate news. Show all posts
Showing posts with label Real estate news. Show all posts
Sunday, April 25, 2010
Friday, December 18, 2009
Time for realtors to accept realities
Surely, it must be a surreal feeling for those who rode the heights of real estate boom during last few years. As the boom started to crumble and with interest in property evaporating fast in the wake of a series of events from economic slowdown to Telangana and Andhra agitations, those who sold properties like hot cakes must be finding the present circumstances hard to digest.
Even before they could reconcile to the turn of events from Telangana agitation and the moves of the Centre, came the agitation in other parts. This pushed the prospective buyers, even the genuine ones, further deep into the wait and watch mode. Projects put on hold, half-completed towers, accumulating construction material and no buyers dropping in at their plush offices clearly is forcing the reality boom accept the realities.
hyderaba properties, properties in hyderabad, Real estate news, hyderabad real estate,
Even before they could reconcile to the turn of events from Telangana agitation and the moves of the Centre, came the agitation in other parts. This pushed the prospective buyers, even the genuine ones, further deep into the wait and watch mode. Projects put on hold, half-completed towers, accumulating construction material and no buyers dropping in at their plush offices clearly is forcing the reality boom accept the realities.
hyderaba properties, properties in hyderabad, Real estate news, hyderabad real estate,
Sunday, November 8, 2009
Real Estate: Buy A Flat, Get Rs 25k Per Month!!
Wondering what this is about? Well, this is the new offer that is being given by the PNR group.
The project is titled Nagarjuna Dreamland situated in hyderabad.The best part is builders have announced that if you are buying a three bedroom flat with them, they are ready to pay Rs 25000 as rent for the first two years on ready for occupation flats
It is the plight of Real Estate indeed. The recession blow to the field has carved this strategy of winning the attention of people. It is known that many have been interested in owning flats or villas for investment sake and for rental income. But looking at the present scenario, the rental values have come down and not picking up in many places. Hence Nagarjuna Dreamland has planned this way of paying a considerable rent of Rs 25000 to the customer. The loan facility is also being provided by the developers.
Real Estate experts say that it is a workable concept by developers and worthy for investors at this juncture.
The venture has state of the art infrastructure with gated community, wi-fi enabled clubhouse facilities. There will be swimming pool, kids play area, lounges, ample parking, Gym, party house etc. There are other amenities as well that the customers can choose.
The venture offers 2 bedroom, 3 bedroom, 4 bedroom apartments and also villas. So folks, grab the opportunity while you can. All you need to do is call up 040- 65699090, 93935 56690, 93935 57790.More details can be had on visiting the site www.pnr.in or emailing them at sales@pnr.in .
hyderaba properties, hyderabad real estate, Real estate news,
The project is titled Nagarjuna Dreamland situated in hyderabad.The best part is builders have announced that if you are buying a three bedroom flat with them, they are ready to pay Rs 25000 as rent for the first two years on ready for occupation flats
It is the plight of Real Estate indeed. The recession blow to the field has carved this strategy of winning the attention of people. It is known that many have been interested in owning flats or villas for investment sake and for rental income. But looking at the present scenario, the rental values have come down and not picking up in many places. Hence Nagarjuna Dreamland has planned this way of paying a considerable rent of Rs 25000 to the customer. The loan facility is also being provided by the developers.
Real Estate experts say that it is a workable concept by developers and worthy for investors at this juncture.
The venture has state of the art infrastructure with gated community, wi-fi enabled clubhouse facilities. There will be swimming pool, kids play area, lounges, ample parking, Gym, party house etc. There are other amenities as well that the customers can choose.
The venture offers 2 bedroom, 3 bedroom, 4 bedroom apartments and also villas. So folks, grab the opportunity while you can. All you need to do is call up 040- 65699090, 93935 56690, 93935 57790.More details can be had on visiting the site www.pnr.in or emailing them at sales@pnr.in .
hyderaba properties, hyderabad real estate, Real estate news,
Saturday, September 19, 2009
Realtors must tell buyers about banks' claim on property: RBI
Prospective home buyers will now know if the land on which their building stands is free of outside claims after a recent Reserve Bank of Realty
India (RBI) circular mandating builders mortgaging the land to raise money to disclose it in all advertisements and brochures.
RBI has asked lenders to ensure that all publicity material relating to the sale of real estate make a mention of the bank’s lien on the property so that home buyers are not kept in the dark about this legal claim or ‘hold’.
RBI aims to prevent prospective buyers from being lulled into the belief that the flats they own are on ‘free-hold’ land through this move.
Says Anuj Puri, country head of real estate consultant Jones Lang LaSalle Meghraj, “The RBI circular will bring transparency and accountability on the part of developers. It would also give a chance to buyers to see the viability of projects especially when the loan amount is very high.”
hyderabad real estate, Real estate news,
source:http://economictimes.indiatimes.com
India (RBI) circular mandating builders mortgaging the land to raise money to disclose it in all advertisements and brochures.
RBI has asked lenders to ensure that all publicity material relating to the sale of real estate make a mention of the bank’s lien on the property so that home buyers are not kept in the dark about this legal claim or ‘hold’.
RBI aims to prevent prospective buyers from being lulled into the belief that the flats they own are on ‘free-hold’ land through this move.
Says Anuj Puri, country head of real estate consultant Jones Lang LaSalle Meghraj, “The RBI circular will bring transparency and accountability on the part of developers. It would also give a chance to buyers to see the viability of projects especially when the loan amount is very high.”
hyderabad real estate, Real estate news,
source:http://economictimes.indiatimes.com
Thursday, September 10, 2009
Mumbai flat fetches record Rs 28 crore
In the second highest deal in India for a residential apartment, a sprawling Cuffe Parade flat has been sold for about Rs 93,000 per
square foot.
The highest price stands at Rs 97,842 per sq ft for a flat at NCPA Apartments, also in the city. Property market sources said the transaction took place about a fortnight ago in the Maker Tower B building located close to the World Trade Centre at Cuffe Parade.
People who keep tabs on such high value transactions and some residents revealed that the apartment on the 19th floor of the tower fetched its owner, Gold Flag Trading Company, a whopping Rs 28 crore. The flat is about 3,000 sq ft in size. However, the identity of the buyer is not known.
In November 2007, the country's largest-ever residential transaction on record was completed when a four-bedroom flat at NCPA Apartments at the Nariman Point end of Marine Drive fetched a price of Rs 97,842 per square foot or Rs 34 crore.
The plush pad located on the 7th floor (No 74) was put up on sale by its owner, Citibank, and the buyer was a UK-based NRI. However, the NCPA transaction took place at a time when the property market was at its peak two years ago. The recent sale comes at a time when the market is still trying to get back on its feet.
"This is a freak sale and a rare transaction in south Mumbai. Unfortunately, every time such a high value deal goes through there are a slew of builders and flat owners, who take advantage of this and jack up price of their own properties to ridiculous limits," said a real estate source.
The 19th floor flat has a panoramic view of Marine Drive and Malabar Hill. Maker Tower B commands extraordinary prices because it offers a beautiful view of the shoreline right up to Raj Bhavan, said a resident. The higher you go the bigger the premium.
square foot.
The highest price stands at Rs 97,842 per sq ft for a flat at NCPA Apartments, also in the city. Property market sources said the transaction took place about a fortnight ago in the Maker Tower B building located close to the World Trade Centre at Cuffe Parade.
People who keep tabs on such high value transactions and some residents revealed that the apartment on the 19th floor of the tower fetched its owner, Gold Flag Trading Company, a whopping Rs 28 crore. The flat is about 3,000 sq ft in size. However, the identity of the buyer is not known.
In November 2007, the country's largest-ever residential transaction on record was completed when a four-bedroom flat at NCPA Apartments at the Nariman Point end of Marine Drive fetched a price of Rs 97,842 per square foot or Rs 34 crore.
The plush pad located on the 7th floor (No 74) was put up on sale by its owner, Citibank, and the buyer was a UK-based NRI. However, the NCPA transaction took place at a time when the property market was at its peak two years ago. The recent sale comes at a time when the market is still trying to get back on its feet.
"This is a freak sale and a rare transaction in south Mumbai. Unfortunately, every time such a high value deal goes through there are a slew of builders and flat owners, who take advantage of this and jack up price of their own properties to ridiculous limits," said a real estate source.
The 19th floor flat has a panoramic view of Marine Drive and Malabar Hill. Maker Tower B commands extraordinary prices because it offers a beautiful view of the shoreline right up to Raj Bhavan, said a resident. The higher you go the bigger the premium.
Tuesday, July 21, 2009
Cheating case against Maytas Hill County
Police registered a case against Maytas Hill County for cheating and breach of trust after it failed to hand over independent houses and apartments to its customers.
A few days ago, several families who had invested in the project organised a demonstration in front of Satyam Computers founder, B. Ramalinga Raju’s residence at Jubilee Hills criticising delays in the completion of the project.
The project comprising independent houses and apartments is being developed by Maytas Properties, owned by the sons of Mr. Raju.
It was initially supposed to be ready by March 2008 but work was not completed till date, according to buyers.
Police booked the case under Sections 406 (punishment for criminal breach of trust) and 420 (cheating) of the Indian Penal Code and are collecting more details from buyers.
A few days ago, several families who had invested in the project organised a demonstration in front of Satyam Computers founder, B. Ramalinga Raju’s residence at Jubilee Hills criticising delays in the completion of the project.
The project comprising independent houses and apartments is being developed by Maytas Properties, owned by the sons of Mr. Raju.
It was initially supposed to be ready by March 2008 but work was not completed till date, according to buyers.
Police booked the case under Sections 406 (punishment for criminal breach of trust) and 420 (cheating) of the Indian Penal Code and are collecting more details from buyers.
Monday, June 1, 2009
Realty funds looking at low-cost projects
The recent launch of Rs5-15 lakh homes by realtors across the nation has attracted not only homebuyers. Property funds that have stayed away from the realty sector since the global economic downturn deepened in September are looking at a comeback, primarily to back low-cost housing projects. “A year back, property funds were eyeing projects like iconic towers and exclusive homes riding on the boom. Those days are over,” said Naresh Nadkarni, chief investment officer, HDFC Realty Fund. “Funds are now only focusing on low- and middle-income housing because that’s where the movement is.” The HDFC fund is at an advanced stage of sealing a Rs200 crore investment in a middle-income project by Provident Housing and Infrastructure Ltd, a subsidiary of Puravankara Projects Ltd, two analysts familiar with the project said. They didn’t want to be identified. Nadkarni declined to give details, citing company policy.
The project in Bangalore will have at least 4,000 homes with a price tag of Rs10-20 lakh each. Puravankara recently launched a similar project in Chennai. Developers such as Puravankara and Tata Housing Development Co. Ltd have ventured into low-cost housing in the past two months, after a spate of affordable projects in the Rs30-60 lakh range launched by several developers failed to pick up.In 2008, real estate funds made 77 investments worth a combined $8.4 billion (Rs39,984 crore today) in property companies and special purpose vehicles, according to Venture Intelligence, which tracks venture capital and private equity (PE) deals in India. About 80% of these investments were for special economic zones, or mall or township projects. Of the total investments in 2008, nearly 70%, or $5.8 billion, was made in the first half of the year. Investment projections for 2009 are not available yet. This year, the focus for realty funds has moved from providing aid to developers in distress to helping construct large, cheaper projects that will sell quickly.
The Ajay Piramal-promoted Indiareit Fund Advisors Pvt. Ltd has invested Rs250 crore in four such projects—three in Mumbai and one in Hyderabad. Of these, one is in the Rs5 lakh per house category and the rest in the mid-segment range. Ramesh Jogani, managing director and chief executive officer of Indiareit, said: “This year, we will look at a mix of projects including both these segments. We want to finance projects that are just beginning construction.” The fund, which is planning a round of domestic fund-raising of Rs500 crore in 2009, last year exited a luxury project in Alibaug, a seaside destination near Mumbai. It had earlier committed Rs250 crore to the project, which was to be developed jointly with Samira Habitats. Realty funds are also trying to gauge the risk factors attached to such low-cost projects. Indiareit and Red Fort Capital Fund Advisors Pvt. Ltd say that though investing in the low- and mid-cost segments is a safe bet, they are studying the project models to ensure they have the right sourcing of material, location and price. With thin profit margins and tight costs, it is imperative the projects are completed on schedule. “Like ours, many funds are working out the actual details of a project with developers, and even restructuring aspects to make a more viable business model,” said Nadkarni. Possibilities of delays in getting approvals, construction costs rising, and a strict price point make such projects riskier than regular ventures, he said. Nayan Bheda, managing director of Neptune Developers Pvt. Ltd, which has launched a 125 acre low-cost project near Mumbai, funded by Indiareit, and has three more planned in Chennai, Nagpur and Pune, says only such projects can assure sales. For instance,
Nepture has sold 2,000 of the 2,100 units in the first phase of its Mumbai project in just 2 months. “PE funds demand higher IRR (internal rate of return) of over 24% in such projects as the appreciation of profit is not high. But we have been lucky with Indiareit as an investor,” Bheda said.
courtesy:www.maaproperties.com
The project in Bangalore will have at least 4,000 homes with a price tag of Rs10-20 lakh each. Puravankara recently launched a similar project in Chennai. Developers such as Puravankara and Tata Housing Development Co. Ltd have ventured into low-cost housing in the past two months, after a spate of affordable projects in the Rs30-60 lakh range launched by several developers failed to pick up.In 2008, real estate funds made 77 investments worth a combined $8.4 billion (Rs39,984 crore today) in property companies and special purpose vehicles, according to Venture Intelligence, which tracks venture capital and private equity (PE) deals in India. About 80% of these investments were for special economic zones, or mall or township projects. Of the total investments in 2008, nearly 70%, or $5.8 billion, was made in the first half of the year. Investment projections for 2009 are not available yet. This year, the focus for realty funds has moved from providing aid to developers in distress to helping construct large, cheaper projects that will sell quickly.
The Ajay Piramal-promoted Indiareit Fund Advisors Pvt. Ltd has invested Rs250 crore in four such projects—three in Mumbai and one in Hyderabad. Of these, one is in the Rs5 lakh per house category and the rest in the mid-segment range. Ramesh Jogani, managing director and chief executive officer of Indiareit, said: “This year, we will look at a mix of projects including both these segments. We want to finance projects that are just beginning construction.” The fund, which is planning a round of domestic fund-raising of Rs500 crore in 2009, last year exited a luxury project in Alibaug, a seaside destination near Mumbai. It had earlier committed Rs250 crore to the project, which was to be developed jointly with Samira Habitats. Realty funds are also trying to gauge the risk factors attached to such low-cost projects. Indiareit and Red Fort Capital Fund Advisors Pvt. Ltd say that though investing in the low- and mid-cost segments is a safe bet, they are studying the project models to ensure they have the right sourcing of material, location and price. With thin profit margins and tight costs, it is imperative the projects are completed on schedule. “Like ours, many funds are working out the actual details of a project with developers, and even restructuring aspects to make a more viable business model,” said Nadkarni. Possibilities of delays in getting approvals, construction costs rising, and a strict price point make such projects riskier than regular ventures, he said. Nayan Bheda, managing director of Neptune Developers Pvt. Ltd, which has launched a 125 acre low-cost project near Mumbai, funded by Indiareit, and has three more planned in Chennai, Nagpur and Pune, says only such projects can assure sales. For instance,
Nepture has sold 2,000 of the 2,100 units in the first phase of its Mumbai project in just 2 months. “PE funds demand higher IRR (internal rate of return) of over 24% in such projects as the appreciation of profit is not high. But we have been lucky with Indiareit as an investor,” Bheda said.
courtesy:www.maaproperties.com
Realty funds looking at low-cost projects
The recent launch of Rs5-15 lakh homes by realtors across the nation has attracted not only homebuyers. Property funds that have stayed away from the realty sector since the global economic downturn deepened in September are looking at a comeback, primarily to back low-cost housing projects. “A year back, property funds were eyeing projects like iconic towers and exclusive homes riding on the boom. Those days are over,” said Naresh Nadkarni, chief investment officer, HDFC Realty Fund. “Funds are now only focusing on low- and middle-income housing because that’s where the movement is.” The HDFC fund is at an advanced stage of sealing a Rs200 crore investment in a middle-income project by Provident Housing and Infrastructure Ltd, a subsidiary of Puravankara Projects Ltd, two analysts familiar with the project said. They didn’t want to be identified. Nadkarni declined to give details, citing company policy.
The project in Bangalore will have at least 4,000 homes with a price tag of Rs10-20 lakh each. Puravankara recently launched a similar project in Chennai. Developers such as Puravankara and Tata Housing Development Co. Ltd have ventured into low-cost housing in the past two months, after a spate of affordable projects in the Rs30-60 lakh range launched by several developers failed to pick up.In 2008, real estate funds made 77 investments worth a combined $8.4 billion (Rs39,984 crore today) in property companies and special purpose vehicles, according to Venture Intelligence, which tracks venture capital and private equity (PE) deals in India. About 80% of these investments were for special economic zones, or mall or township projects. Of the total investments in 2008, nearly 70%, or $5.8 billion, was made in the first half of the year. Investment projections for 2009 are not available yet. This year, the focus for realty funds has moved from providing aid to developers in distress to helping construct large, cheaper projects that will sell quickly.
The Ajay Piramal-promoted Indiareit Fund Advisors Pvt. Ltd has invested Rs250 crore in four such projects—three in Mumbai and one in Hyderabad. Of these, one is in the Rs5 lakh per house category and the rest in the mid-segment range. Ramesh Jogani, managing director and chief executive officer of Indiareit, said: “This year, we will look at a mix of projects including both these segments. We want to finance projects that are just beginning construction.” The fund, which is planning a round of domestic fund-raising of Rs500 crore in 2009, last year exited a luxury project in Alibaug, a seaside destination near Mumbai. It had earlier committed Rs250 crore to the project, which was to be developed jointly with Samira Habitats. Realty funds are also trying to gauge the risk factors attached to such low-cost projects. Indiareit and Red Fort Capital Fund Advisors Pvt. Ltd say that though investing in the low- and mid-cost segments is a safe bet, they are studying the project models to ensure they have the right sourcing of material, location and price. With thin profit margins and tight costs, it is imperative the projects are completed on schedule. “Like ours, many funds are working out the actual details of a project with developers, and even restructuring aspects to make a more viable business model,” said Nadkarni. Possibilities of delays in getting approvals, construction costs rising, and a strict price point make such projects riskier than regular ventures, he said. Nayan Bheda, managing director of Neptune Developers Pvt. Ltd, which has launched a 125 acre low-cost project near Mumbai, funded by Indiareit, and has three more planned in Chennai, Nagpur and Pune, says only such projects can assure sales. For instance,
Nepture has sold 2,000 of the 2,100 units in the first phase of its Mumbai project in just 2 months. “PE funds demand higher IRR (internal rate of return) of over 24% in such projects as the appreciation of profit is not high. But we have been lucky with Indiareit as an investor,” Bheda said.
courtesy:www.maaproperties.com
The project in Bangalore will have at least 4,000 homes with a price tag of Rs10-20 lakh each. Puravankara recently launched a similar project in Chennai. Developers such as Puravankara and Tata Housing Development Co. Ltd have ventured into low-cost housing in the past two months, after a spate of affordable projects in the Rs30-60 lakh range launched by several developers failed to pick up.In 2008, real estate funds made 77 investments worth a combined $8.4 billion (Rs39,984 crore today) in property companies and special purpose vehicles, according to Venture Intelligence, which tracks venture capital and private equity (PE) deals in India. About 80% of these investments were for special economic zones, or mall or township projects. Of the total investments in 2008, nearly 70%, or $5.8 billion, was made in the first half of the year. Investment projections for 2009 are not available yet. This year, the focus for realty funds has moved from providing aid to developers in distress to helping construct large, cheaper projects that will sell quickly.
The Ajay Piramal-promoted Indiareit Fund Advisors Pvt. Ltd has invested Rs250 crore in four such projects—three in Mumbai and one in Hyderabad. Of these, one is in the Rs5 lakh per house category and the rest in the mid-segment range. Ramesh Jogani, managing director and chief executive officer of Indiareit, said: “This year, we will look at a mix of projects including both these segments. We want to finance projects that are just beginning construction.” The fund, which is planning a round of domestic fund-raising of Rs500 crore in 2009, last year exited a luxury project in Alibaug, a seaside destination near Mumbai. It had earlier committed Rs250 crore to the project, which was to be developed jointly with Samira Habitats. Realty funds are also trying to gauge the risk factors attached to such low-cost projects. Indiareit and Red Fort Capital Fund Advisors Pvt. Ltd say that though investing in the low- and mid-cost segments is a safe bet, they are studying the project models to ensure they have the right sourcing of material, location and price. With thin profit margins and tight costs, it is imperative the projects are completed on schedule. “Like ours, many funds are working out the actual details of a project with developers, and even restructuring aspects to make a more viable business model,” said Nadkarni. Possibilities of delays in getting approvals, construction costs rising, and a strict price point make such projects riskier than regular ventures, he said. Nayan Bheda, managing director of Neptune Developers Pvt. Ltd, which has launched a 125 acre low-cost project near Mumbai, funded by Indiareit, and has three more planned in Chennai, Nagpur and Pune, says only such projects can assure sales. For instance,
Nepture has sold 2,000 of the 2,100 units in the first phase of its Mumbai project in just 2 months. “PE funds demand higher IRR (internal rate of return) of over 24% in such projects as the appreciation of profit is not high. But we have been lucky with Indiareit as an investor,” Bheda said.
courtesy:www.maaproperties.com
Friday, May 29, 2009
Shah Rukh Khan not acting in Dhoom 3
The grapevine has been abuzz with news that Bollywood superstar Shah Rukh Khan will play the villain in Yash Raj Films' (YRF) action-adventure series “Dhoom 3” but a source from the production company has denied any such development.
"This story is completely untrue and baseless. We have no idea where this rubbish originated but like all wildfires has spread rapidly,” Rafiq Gangjee, vice president (marketing and communications) of YRF, told IANS over e-mail from Mumbai.
The rumours that Shah Rukh would soon follow in the footsteps of Hrithik Roshan by playing a villain opposite actor Abhishek Bachchan in the “Dhoom” series began when British news website femalefirst.co.uk first reported it.
According to the article which was published May 26, a source was quoted as saying: "Shah Rukh had been approached by the banner to play the main villain in the most successful franchise of Bollywood - the 'Dhoom' series - and he has immediately given the nod. Last few days there has been a lot of buzz that Saif Ali Khan has signed the dotted line for the same role but it seems they were just plain rumours.”
However, as per Gangjee, there is no truth in any part of the report.
India asks Australia to ensure security of its nationals
In the wake of attacks on its students, a concerned India today asked Australia to ensure safety of its nationals there and got an assurance that such incidents will not be allowed to recur.
The Ministry of External Affairs also summoned Australian High Commissioner John McCarthy to register its concern over a series of attacks on Indian students in that country.
External Affairs Minister S M Krishna conveyed India's concerns to Australia when he received a phone call from his counterpart Stephen Smith who assured him that his government is taking steps to prevent recurrence of such incidents.
During the 10-minute conversation, Krishna asked Smith to see that security of Indian nationals in that country is ensured. He also pressed for strong action against those involved in the attacks on Indian students over the last few days.
Later, Krishna said he had told Smith to ensure that "the security of Indian students is adequately taken care of".
Smith "assured that no such incident will take place", the External Affairs Minister said.
"We are worried about the safety of Indian citizens, particularly the students," Krishna told reporters.
He said the Indian government is in constant touch with Australian authorities "with a view to addressing issues concerning the well-being and physical safety of our students." PTI
The Ministry of External Affairs also summoned Australian High Commissioner John McCarthy to register its concern over a series of attacks on Indian students in that country.
External Affairs Minister S M Krishna conveyed India's concerns to Australia when he received a phone call from his counterpart Stephen Smith who assured him that his government is taking steps to prevent recurrence of such incidents.
During the 10-minute conversation, Krishna asked Smith to see that security of Indian nationals in that country is ensured. He also pressed for strong action against those involved in the attacks on Indian students over the last few days.
Later, Krishna said he had told Smith to ensure that "the security of Indian students is adequately taken care of".
Smith "assured that no such incident will take place", the External Affairs Minister said.
"We are worried about the safety of Indian citizens, particularly the students," Krishna told reporters.
He said the Indian government is in constant touch with Australian authorities "with a view to addressing issues concerning the well-being and physical safety of our students." PTI
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