Kondapur in Hyderabad becoming popular residential option amongst the IT workforce

June 10th, 2013

Kondapur, which falls, in the Ranga Reddy district of Andhra Pradesh is considered the rising ground of IT industry in Hyderabad. It is a popular residential option amongst the IT workforce as the IT hub is located very close on the Madhapur-Kondapur stretch.

A couple of years ago, Kondapur were the most sought after locality in Hyderabad. After the lull in the property market, the real estate development of Kondapur slowed down. The residential market of the locality has picked up in the last few months. The types of buildings found here are multi-storey apartments, villas and single floor apartments. The capital value of these properties is between Rs 33 lakh to Rs 2 crore plus. Residential plots are also available in abundance and cost about Rs 44 lakh onwards.

Some of the upcoming projects in Kondapur are Tulip Le Park by Walnut & Crimson Realtors Private Limited, North East Sneha Arcade by North East Constructions, Luxor Apartments by Trishala Infrastructure Pvt Ltd, Nestcon Flamingo by Nestcon Builders Pvt Ltd and Pranavas Lotus Park by Pranava Avenues Group among others. The budget of these new projects is between Rs 31-61 lakh. The rental value on Kondapur varies between Rs 12,000 to Rs 1 lakh.

The social fabric consists of supermarkets, schools, clinics, cinema halls and exhibition centers. Transport facilities are also adequate. Autos and buses connect adjoining localities such as Secunderabad, Miyapur, Uppal, Koti, and Mehdipatnam. The closest railway station is in Hafizpet, Hi-Tech City, which is about 4-km. Kondapur, therefore, appeals to the workforce for its good housing facilities and well developed social and civic infrastructure.

According to Mirza Yousuf Baig, a real estate broker says, “Properties in Kondapur are still in demand. People working in the nearby IT companies prefer to stay here because of the close proximity. The neighbourhood is fully developed owing to the influx of people in the last few years.”

Tags: , , , , , , , , , , , , , ,
Posted in News | No Comments »

Independent villas at Rs 40 lakh in Hyderabad

May 10th, 2013

With prices having appreciated steadily across cities, those with a low budget cannot think of an independent house. However, Hyderabad is one city that is offering independent villas within Rs 40 lakh budget. Magicbricks.com data show that villas within this range are available in localities such as Ghatkesar, Uppal, Rajamundary and Manneguda. Suchirindia Infratech P Limited, SKS Projects Pvt Ltd, SLNS Constructions and Abhigyan Constructions are few developers offering such properties within this range. The independent villas are available within the unit size of 1,250 – 1,970 sq ft at Rs 2,200-3,000 per sq ft.

According to Sapna Nanada, Manager, Ahigyan Constructions, “We know the construction cost is high across the country. However, the value of land is low in Hyderabad compared to the other big cities. In addition the cost of living in the city is less, thus a middle and upper middle class section of buyers prefer to buy an independent house than a multi storey apartment”. He added, “These are gated communities with facilities such as security, power back up, lounges, gym, swimming pool, children play area and tot-lot and shopping area etc. The IT professionals are paid well and they want to live in an independent house that offers them privacy with all amenities of gated community”.

Apart from the locals, there is a huge demand for villas from the NRIs. According to Sudam S, proprietor of Earthwide Properties, “There has been a 40 per cent increase in inquiries from NRIs. The demand is mostly from Australia, London, France, and United States. 90 per cent of the inquiries come from the US. Most of these investors are IT professionals who have lived in the city and moved abroad for job opportunities”. Looking at the rate of appreciation, Hyderabad may be lacking behind compared to Mumbai and Delhi but the city certainly seems to be a good bet for those seeking a large space within the reasonable price range.

Tags: , , , , , , , , , , ,
Posted in News | No Comments »

Hyderabad offers ample choice of real estate properties within a budget of Rs 40 lakh.

April 23rd, 2013

According to a data with MagicBricks.com, approximately 50 per cent of supply and 60 per cent of demand for properties in the Hyderabad city exists within a budget of Rs 40 lakh. The supply of residential properties in this budget is concentrated in certain areas of the city, especially the East, West, and South zones. Uppal, Malkajgiri, Attapur, Nagole and AS Rao Nagar in East, Chanda Nagar, Kothur, Kukatpally, and Gachibowli in West and Lingampally, Vanasthalipuram, LB Nagar and Mehedipatnam in South have recorded a maximum demand for properties in this range in the Jan-Mar 2013 quarter. In addition to these localities, the supply remained considerably high in other localities such as Nagaram in the East, Nizampet in the West and Shankarapally and Shamshabad in the South. Lingampally, situated at a distance of 5 km from Gachibowli and 8-10 km from Hi-Tech City, offers residential options in the price range of Rs 2,200-3,000 per sq ft. Similarly, Rajendranagar and Shamshabad are developing areas of South Hyderabad. In West, Nizampet is a locality, which has grown fast due to the expansion of the IT hub in Gachibowli. While Nizampet offers residential properties ranging between Rs 2,000-2,500 per sq ft, one needs to shell out Rs 1,000 per sq ft extra to buy in Gachibowli. According to Mohammed Mustafa, Ganesha Builders & Development Co, a city based realtor, “Nizampet and Gachibowli receive preference for residential properties from the software and BPO professionals. Good prospects for investment due to the upcoming developments such as the under construction metro, international schools and retail expansions are the plus points of these localities”. According to S Ram Reddy, CMD, SMR Builders, “For those looking for housing in the budget range of up to Rs 40 lakh, Rajendranagar and Shamshabad in South Hyderabad are an ideal choice.” Thus, in a budget of Rs 40 lakh you have ample choice of real estate properties for investment and end use in the city of Hyderabad.

Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in News | No Comments »

Encroachment on Government Property Snagged the MIM Corporator

April 22nd, 2013

The Madannapet police on registered a case against the Majlis-e-Ittehadul Muslimeen (MIM) corporator Mohammed Murtuza and a Marble businessman for encroaching into the Government property. The MIM corporator Mohammed Murtuza and a marble businessman removed a signboard declaring the 200 square yard plot as ‘government property’ near the Chanchalguda women prison. Saidabad tehsildar N Radika Ramani and other staff on visited the site to re-errect the board on the plot. The marble businessman Nadeem prevented them from doing so, while the MIM corporator threatened her over the phone. Tehsildar N Radika Ramani said that the 200 square yard land near the Chanchalguda jail was part of the notified land of Sarkari Jail. A board was also erected declaring it as a government land. Illegal hutments were removed a couple of days near the location. According to Saidabad tehsildar N Radika Ramani, “On Wednesday, the government-erected board was missing and a new board ‘Tavakal Marbles and Granites’ was seen there. Marble and granite slabs were dumped at the plot. When I found out about it, I went to the location but Nadeem refused to vacate it and said that the land was given to him by MIM corporator Murtuza”. When Nadeem made the tehsildar talk to Murtuza over the phone, the corporator allegedly told her not to meddle in the issue by stating that the land belongs to the GHMC and was alienated.

“With great difficulty, our officials re-erected the board declaring it a government property, but the marble and granite slabs continues to be stacked there. I lodged a police complaint stating that Nadeem trespassed on government land at the behest of Murtuza,” the tehsildar added. Meanwhile, the Madannapet police on registered a case under sections 447 (Criminal trespass) and 188 (Disobedience to order duly promulgated by public servant) of the Indian Penal Code (IPC) against Murtuza and Nadeem for trespassing into a government property.

Tags: , , , , , , , ,
Posted in News | No Comments »

STP installed near 14 lakes of the city failed in Treating Wastewater Completely

April 16th, 2013

A latest report by the Pollution Control Board (PCB) on Sewage Treatment Plants (STP) installed near 14 lakes of the city revealed that water in lakes still contain pollutants much higher than the permissible limits even after treatment. Readings of the treated water of STP at Khairatabad and at the Hussainsagar Lake, between June 2012 and February 2013, show the presence of high levels of BOD (Biological Oxygen Demand) and COD (Chemical Oxygen Demand) in the treated water. The permissible levels of BOD are not more than 30 ms/l and that of COD is 250 ms/l. However, BOD levels were found to be as high as 116 ms/l and those of COD were found to be touching 284 ms/l in some of the monthly readings, which means the water still cannot support aquatic life.

Another analysis conducted at the Amberpet STP in February this year showed that the pH value of the treated water was 9.4, whereas the permissible range is between 5.5 and 9, which means the water is alkaline in nature. According to K Babu Rao, an environmentalist and scientist, the high levels of COD and BOD in Hussainsagar prove that it is highly contaminated and not fit for anything. This water is not only poisonous to aquatic animals but also a great threat to domestic animals like cattle and dogs, which may quench their thirst with the lake water. The high alkaline levels at Amberpet STP will also be a grave threat to the people of the surrounding areas as the Musi lake water may percolate into ground water and the usage of this highly alkaline water for domestic purpose may result in a various health conditions including skin infections to respiratory disorders. The existing capacities of the STPs range from 4 mld to 339 mld. Power disruptions are also adding to the problem with the STPs not functioning for at least three hours everyday.

Tags: , , , , , , , , ,
Posted in News | No Comments »

Miyapur and Sainikpuri witness boost in Apartment values.

April 16th, 2013

Miyapur and Sainikpuri in Hyderabad witnessed a boost in price of apartment complexes. Miyapur recorded about 10 per cent increase in price of some apartments; whereas; Sainikpuri witnessed 8 per cent growth in the last couple of months. Developers points out several reasons for this trend. Some of them include launch and completion of several projects in addition to rise in the price of raw materials like cement and iron and steel. The price of cement has witnessed an increase of over Rs.40 per bag, while even sand has recorded a 5 per cent increase in price per load. There are several views for increase in price in these areas. According to Sreedhar Reddy, M D, Lanar Realtors, “Places like Miyapura have witnessed rise in price as several projects have neared completion, also the area has witnessed a quantum increase in new projects. In Sainikpuri, in addition to completion of projects, developers have had to raise the prices of ongoing ones as the prices of raw materials have gone up remarkable. All these factors have translated into spurt in price of apartments”. According to another developer, Ibrahim Sattha, Proprietor, ValueProp Developers, “Although places like Miyapur have witnessed the launch of several new projects, the price of apartments in these localities has risen by about 20 per cent, primarily because it is no longer viable for the developer to absorb the increase in cost of construction. Builders, even if it is a significant one generally absorb a temporary rise in price, but when the price stabilizes at this level for a longer period, it hits the bottom line of the projects, resulting in an increase in cost of apartments. It is this rise that is being witnessed now.” According to Ramesh Babu, Head of operations (Hyderabad), Metro Space, Sainikpuri is growing primarily because of two factors. “Several high government officials have settled there and with several IT companies setting-up shop nearby the area is fast developing into the nearest hub”.

Tags: , , , , , ,
Posted in News | No Comments »

Varying responses from Home buyers, Realtors and Builders to Union Budget – Hyderabad

March 4th, 2013

The Union Budget evoked varying responses from home buyers, realtors and builders in Hyderabad. Since home buying has started picking up in the city after a prolonged period, builders feel that impetus in form of more relief could have helped. But the provision of an additional deduction of interest of up to Rs.1 lakh for home loans has been welcomed by many. This is offered for first time home loans up to Rs.25 lakh. For the real estate in Hyderabad, even such smaller incentives could add up. Some in the construction industry feel that with property prices being lowest here in the city, this small incremental advantage could come to help them. Bankers on their part feel that the exemption could encourage people to apply for housing loans.

However, there are voices that sound disappointed with the budget. According to S. Pochender, CEO of Lanco Hills, “It could have been much better. I wished for some real incentives for the real estate, but can understand the constraints that the Finance Minister had on his side of the table”.

Tags: , , , , , ,
Posted in News | No Comments »

SURCHIRS TIMBER LEAF – SHAMSHABAD

January 31st, 2013

Timber Leaf, welcomes you to one of the delightfully calm areas, where the atmosphere is always elegant and the breeze cool. Located near GMR Intl Airport, Shamshabad, Timber Leaf is one of the residential projects which offers you a peaceful and eco friendly atmosphere with all the facilities and amenities. It is one of the ongoing projects of Suchirindia Infratech Pvt Limited which is filled with memories, warmth and love. This project offers 5 bed room apartments ranging from 3500 to 3600 square feet. Timber Leaf is situated in a serene and fully developed layout with very close proximity to schools, colleges, hospitals, parks, petrol bunk and shopping mall.

Timber Leaf has all remarkable amenities like Swimming Pool, Fun Pool For Children with Main Pool, Sauna, Jacuzzi, Massage Room, Yoga Centre, Meditation Centre, Aerobics,  Music Room with Instruments, Study Room, Tution Room, Virtual Gaming Station, Toddlers Lounge, Table Tennis, Billiards, Floor Chess, Fuse Ball, Caroms, Darts, Croquet, Meeting Room, Bonfire, Barbeque Area, Community Hall, Intercom Facility, Panic Button, Reverse Osmosis Water Purification Unit, Centralized Pipe Gas Supply, L-Shaped Granite Kitchen Platform, Modular Kitchen Cabinets, WI-Fi Enabled, Access Control Entry, Solar Water Heating System, Ready Telephone Line, Picket Fencing in front of the Villa, Seinerage Board, Entrance Land Scaping, Iron Pergola, Ready Cable Connection, Gas Leak Detector and Rain Water Harvesting.

Timber Leaf in Shamshabad, Hyderabad, is a place already developed with schools, engineering colleges, Super Specialty hospitals, Temples, Parks, Shopping Malls and other infrastructure. It is half a kilo meter from Outer Ring Road and is very close to Raheja SEZ and the proposed US Consulate at Gachibowli. A drive of half an hour on the Swanky ORR will get you to Hi-Tech City, Pocharam, Reheza and Infosys.

Since their inceptions in 2005, Suchirindia Infratech Pvt Limited has created benchmarks in construction industry by delivering quality home at all times without any compromise in customer satisfactions. Their business segments include Infrastructure, Township Development, Hospitality and Mining. They are expecting to explore opportunities in emerging global markets with their projects spread across Indian state like Andhra Pradesh, Karnataka, Madhya Pradesh and outside India like Colombo in Srilanka. They have become the People’s favorite by delivering good quality homes to their customers on time. Aahang E Hind, Suchir Silver Sands, Phoenix Port, Suchirs Grand Bay, Gold Coast are some of the prestigious projects of Suchirindia Infratech Pvt Limited. Timber Leaf is a home designed to gift you a rewarding way of life with conveniences of the city and the calmness of times-past.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Residential Properties | No Comments »

KEERTHI RICHMOND VILLAS – APPA JUNCTION

January 31st, 2013

Spread over 25 acres of land, Keerthi Richmond Villas, is one of the luxurious residential projects near Glendale academy, Appa Junction, Hyderabad. It has 191 luxurious Triplex villas offering 4 bed rooms in the range of 300 to 654 square yards. Keerthi Richmond Villas is a luxurious complex with IT companies, Shopping Malls and Departmental stores for daily needs at approximate distance. Keerthi Richmond Villas gives you lush green surroundings with elegant and the breeze cool atmosphere. Keerthi Richmond Villas has a beautiful landscape with well connected roads to major sectors of the city. Keerthi Richmond Villas is an ongoing luxurious residential project of Keerthi Estates.

Keerthi Richmond Villas provides amenities which ensure that everything your family needs is provided in a pollution-free environment within walking distance. Some of them are Amphitheatre, Children Play Areas, Tennis court, Basket ball court, Jogging track, Provision Stores, Guest Rooms, Designer swimming pool, Air-conditioned gym, Wi-fi enabled club House, Billiards,  Library, Recreation area, Conference Hall, 24 hr Security with intercom & CC Cameras, Designer street lamps, Standby Power supply, Sewerage Treatment plant, Water Purification unit, Garden furniture & fountains, Visitors parking area, Broadband Internet, Underground Cabling, Rain harvest pits, Buffer avenue trees all around the layout. The entire living space in Keerthi Richmond Villas is conceived to provide the warmth, comfort and coziness that you expect from a home.

Keerthi Richmond Villas is situated in Hyderguda, Near Appa Junction, which is one of the costliest suburbs and fastest growing places in Hyderabad, with various IT companies, shopping complexes, schools and restaurants in a close proximate distance. Keerthi Richmond Villas is surrounded by Gun Foundry, King Koti, Ramkote, Narayanaguda Road and Abids localities. Hyderabad Deccan Railway station is 2 KM from Keerthi Richmond Villas. It is 21 KM from Rajiv Gandhi International Airport. Old Mla Qtrs, Hyderguda Bus Stop, Vittal Wadi Bus Stop, Urdu Hall, Himayath Nagar are some of Bus Stops near by.

Keerthi Richmond Villas is an ongoing project of Keerthi Estates. They started their journey in 1990 in the field of Indian real estate and development with a mission of providing quality real estate at best price. Keerthi Estates turned impossibility into possibility by delivering world-class projects on time. Their projects are built up in posh areas using modern techniques and professional workforce. Keerthi Signature, Keerthi Gardenia, Keerthi Royal Palm, Keerthi Chalet, Keerthi Flora, Keethi Regent are some of the projects of Keerthi Estates. Keerthi Richmond Villas is the best place to live in with world class aesthetics to give you an ideal living space.

Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Residential Properties | No Comments »

Green Home Eldorado- Kandukur

January 31st, 2013

Eldorado – Place of riches, is one of the luxurious residential projects in Kandukur (Earlier known as Skandapuri), Near Shamshabad Airport, Hardware park, Hyderabad. Eldorado is an ongoing project of Green Home which offers you a peaceful and Eco friendly atmosphere. Situated in Kandukur, Hyderabad, Eldorado offers plots with in the range of 267 to 1000 square yards. It is a beautiful landscape surrounded by lush verdant nature from all sides making life as a symbol of good living.  Eldorado is located in Kandukur, which is one of the developed parts of the city with major residential, educational, transportation and commercial hub at an approximate distance.

Eldorado provides a wide range of modern facilities with a view to enhance comfortable and luxury living for all its residents. It is designed for the best comfort and utility, with all luxury and style a home must have and is situated at calm, posh, peaceful and pollution free surroundings in Kandukur, Hyderabad. It is designed on principles of Vasthu with free flow of natural light and air. The project has all the basic amenities such as Black Top Roads, Pavements, Avenue Plantation, Electricity, Water, Drainage, Security, and Compound Wall.

Eldorado is located in Kandukur, which is one of the developed parts of the city with major residential, educational, transportation and commercial hub at an approximate distance. Fab City, Rajiv Nano-tech Park, Mutcherla IT Park Malaysin Township, AP Housing Board, Videocon, Hardware Park, Jewellery Park SEZ and International Airport are at close proximity to Eldorado. Sri Gurudattha Concept School, Vikas Residential School, Little Angels School, Bhashyam Public School, vignan vihar enghish medium school, Mallineni College of Education, Urdu College, Vivekananda B.E.D. College, M.S.R. Degree College, Prathibha Jr College & Degree college are some of the educational institutions near to Eldorado. Eldorado is very well connected by Road to all the major Cities like Vijayawada, Visakhapatnam, Bangalore and Chennai.

Eldorado is one of the marvelous projects of Green Home. They started their journey in 1998 with their first project in the city of Hyderabad, titled Kimberly Gardens. It was a grand success which was followed by 18 more projects in Hyderabad, Bangalore and Chennai. With utmost transparency and integrity, Green Home became one of the most trustworthy builders in Hyderabad. Beverly slopes, Detroit, Icon’s Isle, Bloomington, Rainbow Residency, Princeton, Metro City, Rainbow Drive, My City, Mid City, Airport Drive, Arizona, Net City, Green Acres, The Dominion, The Elysium, Kimberly Gardens, Airport Town, and Airport City are some of the prestigious projects of Green Home.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Residential Properties | No Comments »

« Older Entries