Hyderabad RE - Two cases to illustrate the strain in the market

Prajay Megapolis

The company has come up with ads urging buyers to release payments under the heading ' Save the Project'.  This project has not seen any progress.  Conceptualized in 2008, the project is still 3 years away from delivery - A 10 year delivery time!!!!

Who is to be blamed for the impasse, not sure!!! I wouldn't blame the buyers as they are small fish and would not discontinue payments if they see promise/progress.  Buying a home is one's biggest decision and usually they are committed.

Location - Excellent

Sri Tirumala Cyber Residency

The builder is offering flats near Chirec school at Kondapur, and is quoting prices inclusive of amenities and registration.  The prices seem to have been brought down by 8-10%.  A 1290 sqft 2bhk is positioned at 42 lakhs all included. Location - Good

New Road - 100 ft - Connecting Sairam Towers to Heritage Fresh on Botanical Garden Road - Maseed Banda

It will be a parallel road to Hafeepet Gachibowli road. Will connect the Manjeera pipeline road in Madinaguda to Botanical Garden road. Will ease traffic on the Hafeezpet- Kothaguda stretch. The botanical garden road is already in expansion.  It will meet another 100 ft road coming from RTA Kondapur and intersecting the proposed road at the Arbor international school.  A small stretch here is embroiled in legal issues, I guess.  The road currently is in the same state as the KPHB - Hitech city road was in 2004. No real access currently.

Hyderabad RE - Large projects in Financial District and Narsingi stretch

New pre-launch projects include

Hill Crest by Pacifica companies (Gujarat based developer)
Etania by Lansum developers
Prestige High Fields

Other projects include
Rajapushpa Atria (on Narsingi road)
Vertex Panache (on Narsingi road)

Older projects include
PWS De-Lite apartments (Narsingi)
NCC Urban (Narsingi)

Several villa projects are in works in the stretch between Financial district and Narsingi and Kokapet - Gandipet stretch. Legend Chimes and Poulomi Aristos etc.

My Home constructions - New projects

Speaking to TOI, J Rameshwara Rao, MD of the company unveiled his plans to build a mega IT park, bigger than the ICICI Bank building in Raidurgam.  He also hinted at 1600 flats coming up next to the building.

He also disclosed plans to ground the 2000 acre township in Shamshabad in 2016. This plot of land is on the by pass road near Kottur. The MD termed this project as his dream venture. The land parcel already has a ashram and homeopathy institute. Mr. Rao was a homeopathic practitioner in his earlier avatar. He is very closely associated with the holiness Chinna Jeeyar Swamy.