More entertainment options in Hyd East

After Mini Shilparamam at Uppal (Nagole) of Hyderabad. Another entertainment option is planned for the East of Hyderabad.

Raheja plans to add another attraction to the East of Hyderabad in the form of InOrbit Mall 2 at Pocharam in 16 acres and builtup area of 4 lakh sq ft. For reference, Inorbit at Hitech City is 8 lakh sq ft

Mall Building is part of Mindspace Pocharam and will have Surface parking and is a very open and flat structure - Lower Ground + Ground Floor + Mezzanine + First floor

Parking 4 wheelers - 1,000

Next to the mall is a residential development by Ashoka Builders called Springs in 4.1 acres - G+14 floors, 480 units

  

New Roads Series - Financial District Grid roads - 2 new roads

 Existing Exit from Financial Dist - Only one between ORR and IIIT DLF HCU Road - Q City to Nankram Guda

New Roads

1. Financial District Junction at ICICI Towers connected to ORR Service Rd via WaveRock

Status - Done

 2. FD Rd connected to ORR Service Rd via Myscape Courtyard Villas and Keystone school road to meet ORR Toll booth on the ORR service rd. (Road next to Prestige Highfields access rd)

Status -  80% done

 

Mokila - Ready for Prime Time

Reliance Builders is planning a major apartment project next to Eden Gardens on the Shankarpalle Road

Area - 4.3 acres

Units - 315

Blocks - 3

Floors - 2 cellars + 15 floors

Amenities - 2 cellars + 4 floors

After couple of years of some apartment activity led by Prime constructions Prime Solitaire and later by Nikhila's Vivanta Pride / Vivanta Central Court and also Subishi's 2 apartment projects on the same Gandipet - Shankerpally road

http://www.primeconstructions.com/solitaire/prime-solitaire-overview.html

2 BHKs

https://nikhilaconstructions.com/vivanta-pride/

2 BHKs

https://nikhilaconstructions.com/vivanta-central-court/

Vivanta Central Court & Central Court Annex is a premium gated community with 250 apartment units, ample open spaces and ornate landscaping. Apartments ranging from 1263 – 1857 Sft

Subishi's apartment projects

https://subishi.com/fortuna-towers/

https://subishi.com/

Ramky Projects in Patancheru belt

 After Incor Lake City, the BHEL Patancheru belt is seeing activity with branded players launching new projects.

Ramky is doubling down on this area with 2 projects

1. Ramky project at Muttangi Junction

Name: Ramky One Symphony

RERA: : P01100003145

Land area: 13.95 Acres Blocks - 9 Residential towers with 2B+G+14 floors Amenities – 2B+G+3 floors Units - 1470; 2BHK – 660 units, 2.5BHK - 270 units & 3BHK – 540 units

2. Ramky project at Isnapur

Land Area - 8 acres

Units - 1,060 residential units

Blocks - 6 blocks

Floors - G+10 floors

Osman Nagar - Tellapur emerge as Villa and Apartment residential hub

Phase 1 - 2010 - Vasudeva Ecstacy, Aditya Eden Woods, Aliens Space Station

Phase 2 - 2014 - Tudor  Ken, Mayfair Villas, Vision Infinity Homes, Poulomi Indus Crest, Ozone Heights, CRR Lakeside, Tripura BDL and Tripura Galaxy

Phase 3 - 2016 - Vision Urjith, Rajapushpa Green Dale, Radhey Sancia, BHEL Employee housing, Aakriti Arv Viva, The Perch - Mega Meadows, NCC  CyberUrbania, Divino Villas, Nivee Gardens

Phase 4 - 2019 - My Home Ankura, Muppa Indraprastha, Hallmark County, Magna Majestic Meadows, Mayfair Apartments

Phase 5 - 2021 - Anuhar Sun Towers, Pranav Elite, Bricks Cyberwoods, Muppa Melody. My Home Tridasa, Tripura Green Alpha

BOLD - Apartments

MUPPA Melody

TS RERA Registration No. P01100002646

https://muppaprojects.com/muppas-melody/

Praneeth Elite

RERA Regd. No. : P01100001458

https://praneeth.com/praneethjaagruthi-elite/

Sun Towers

9.3 acres, 3 cellars + 30 floors, 8 blocks, 1440 units, 1300 to 2454 sft

As a response to a question on why not more villa projects in this area, I am posting a restricted area map here to show that most land that was available has been taken to a large extent. The land to bottom right corner is GO111 and extends till Kokapet.

Related content

Kollur

https://youtu.be/lnBck51X-F4

Tellapur

https://youtu.be/eF4K0uFMRTQ

Kollur - Finally emerges as hub for residential activity

Traditionally known for small villa projects mostly by EIPL, Kollur will be seeing a slew of new high-rise launches at the back of the Kollur village settlement in and around Elite Villas. After 5 years of Blossom Heights along with completion of 2bhk government housing scheme last year, the area is ready to welcome new communities. Delhi Public School is progressing well next to Elite Villas and should add to attraction of the area.

IRA Aspiration

8 acres

5 towers

2/3 bhk

G+9 floors

728 units

1300 to 2200 sqft 

58L+

https://www.irarealty.in/project/aspiration

IRA Miracle

3 acres

1 towers

3 bhk

G+14 floors

274 units

1650 to 2450 sqft 

74L+

https://www.irarealty.in/project/miracle

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Signature Altius

G+5 floors

https://signatureavenues.com/property/signature-altius-23bhk-flats-for-sale-in-kollur/

Theory and Practice - the economics of Real Estate

"In theory, theory and practice are the same. In practice, they are not."

Albert Einstein

Many pundits preach the view that 'Value' of the property is more important than prevailing interest rates in making a BUY decision. In theory, it sounds good but in practice low interest rates and liquidity driven by loose monetary policies seem to be the driving force for property repricing. Waiting for the elusive value could be a trap. I am not advocating buying at high prices but waiting for prices to fall could result in a disappointment. 

A likely scenario is a time correction and not a price correction.

 

Many also make light of appreciating property prices quoting "property prices don't increase, money value falls'.  Whatever said and believed, for the unsophisticated investor, in a loose monetary policy scenario, RE in a growing market with jobs and growing domestic economy is a good inflation hedge against anticipated higher inflation post the low interest rate regime. 

Kotak Mahindra Bank HL starts @6.65%, HDFC Ltd @6.7%

For perspective:

The interest rate on home loans in India now stands at 6.7%.

1 crore home loan translates to Rs. 75,000/- EMI

It was 10.5% in 2014.

Back in 2014, on the same loan, EMI was 100K

A 25% or Rs. 25,000/- savings/month.

The difference between yield and interest rates is reaching an all time low.

Fixed and risk free returns are falling and sometimes post-tax returns are below inflation rate.

Income growth has been respectable which makes it easier to afford a house in this low interest scenario

Buying a plot - Consult the HMDA Masterplan 2031 before estimating the development

 Always consult the HMDA Masterplan 2031 to understand why some parts of city are slow in development and lack depth / options in residential land. 

For e.g. Patancheru Mandal and Medchal mandal have a few ORR exits like Sultanpur where plotting has been slow because the residential zone availability is very restricted. 

Such lack of depth as we move away from growth corridor can be unattractive to entertainment and social facilities development. Hence, affecting the growth and pricing in the area.

https://www.hmda.gov.in/masterplan/

Also beware of GO111 unauthorized farm land layouts!!!

Read more here

https://nestinhyderabad.blogspot.com/2015/08/what-is-go-111.html

A timely warning...land share deals in Hyderabad real estate

 https://timesofindia.indiatimes.com/city/hyderabad/booming-land-share-schemes-leave-developers-rattled/articleshow/81250884.cms