Area - 65 acres
Built up area - 40.8 million Sq ft (approx 41 lakh sq ft)
The built-up area includes 12 towers
Tower # 1 :- 7 B + LG + UG + 33 upper floors
Tower # 2 :- 7B + LG + UG + 29 upper floors
Tower # 3, 4, 7, 8, 11 & 12 :- 6 B + 1 stack + LG (parking) + UG + 29 upper floors
Tower # 5, 6, 9 & 10 :- 6 B + LG + UG + 29 upper floors
Type of properties - Office park, Hotels, Mall, Convention center
Cost of the project - Rs.7,845 crores
Location - 0.5 km to the right on movie towers road while climbing from Skyzone Shankarpalli Rd.
Parking across blocks - 28,000 no.s of four wheelers, 4500 no.s of two wheelers
Built up area - 40.8 million Sq ft (approx 41 lakh sq ft)
The built-up area includes 12 towers
Tower # 1 :- 7 B + LG + UG + 33 upper floors
Tower # 2 :- 7B + LG + UG + 29 upper floors
Tower # 3, 4, 7, 8, 11 & 12 :- 6 B + 1 stack + LG (parking) + UG + 29 upper floors
Tower # 5, 6, 9 & 10 :- 6 B + LG + UG + 29 upper floors
Type of properties - Office park, Hotels, Mall, Convention center
Cost of the project - Rs.7,845 crores
Location - 0.5 km to the right on movie towers road while climbing from Skyzone Shankarpalli Rd.
Parking across blocks - 28,000 no.s of four wheelers, 4500 no.s of two wheelers
How will be commercial real estate market post covid ? Many companies are favouring work from home. Some companies like Uber is getting out of their office space contract and considering complete work from home options. Considering the current situation, is it a good idea to invest in real estate ? Specially in commercial space ?
ReplyDeleteIf you are an individual investor with limited personal funds, stay with residential real estate. Commercial and Retail real estate like Malls are the domain of real estate investment trusts, private equity and public companies who can raise capital from high networth individuals and public through real estate funds. Most of the investments are with 20 years gestation plans which take into account temporary pain because of down cycles like global financial crisis or Covid 19. Office and Mall real estate needs to be managed with a singular focus by a single owner. Selling off pieces of commercial real estate will dilute the brand of the building. For example, the class of clients in a mall or office attract similar high quality clients. The owner has to have a strategy and take temporary pain till the right client steps into the door. Fractional ownership either within a floor or among different floors of a commercial building will not facilitate this holistic brand building as each owner chooses to rent to anybody who promises maximum rent. A good example could be the owner of the shop next to McDonalds renting it to an aquarium / pet shop or a Saloon which is not desirable.
DeleteCommercial is risk but fractional commercial real estate where 100 sqft of a floor is being sold is completely destructive. For more views on the topic see.
https://nestinhyderabad.blogspot.com/2019/02/commercial-real-estate-part-ownership.html
Thanks for your articles. They are really informative. Waiting for your next posts. Are there any posts related to residential real estate investment in Hyderabad ? Which areas would yield more returns, how to choose a property now ? Could you please share the link.
ReplyDeleteReal estate is a very very local business. Needs and products need to be tailored to the individual. Recommendations for self occupation and investments purposes could be very different. General comments may not help people reach a decision. Sub markets like West Hyderabad and South Hyderabad broadly could be good. And, many micro markets exist within these sub-markets. A project by project review is better.
DeleteThanks Maximus it was great learning from your blog
DeleteThanks Prabhakar for your valuable feedback. Let me know if you are interested in exploring any particular aspect of Hyd RE. I will try to address.
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