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
Aren't these areas polluted very badly because of pashamylaram and Patancheru industries ? I wonder why builders are launching projects there and how sales are happening.
ReplyDeleteUnfortunately, that is how zoning laws work around the world. Builders want to build in a contiguous fashion to ensure sales guarantee. The zoning in the west Hyd, which is hot now, only extend towards Patancheru and not towards Kokapet due to GO 111. Also, land between Shankarpally and Sangareddy is not residential zone, which I guess will be released when all existing land in west under residential quota is exhausted. We can term it as controlled development but in the interim it aids high prices and high margins for developers with land bank. Buyers will be left high and dry when the adjacent areas are opened putting pressure on prices for a while. And, the cycle continues.
DeleteSame will happen if 111GO is lifted.. Do high profile buyers influence govt to lift 111GO once their current land bank in triangle (mokila,velimala,kondakal) exhaust ? If that happens, buyers buying in triangle at high prices will be in huge loss. Recently seeing news around 111GO relaxation, do you think 111GO will be relaxed ?
ReplyDeleteReal estate is a cash cow for government and politicians, they wouldn't disturb a smooth sailing story. My 2 cents - GO111 is a 10 yr journey if the government moves now - National Green tribunal, NGOs, Courts - a really long journey. All the landbanks acquired in residential zones across the city will see a price collapse, not an ideal situation for all parties involved - consumers, builders and government. Fear element induced into future investments can create a huge dent in investment attractiveness of the city.
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