My Home Constructions - My Home "Avatar" - Puppalaguda, Narsingi, Hyderabad

My Home Avatar is the new project launched by My Home Constructions in Puppalaguda, near Narsingi junction. 

Avatar is being built in an Area of 22.69 acres. The site is the same as the one where DLF announced "New City Heights" and later abandoned it and refunded money. Actually, this is a JV with DLF (land owner).

My Home Avatar will have G+30 floor towers, approx. a 2780 flat community. More dense than other MH projects.  123 flats/ 1 acre

e.g. My Home Jewel - 2016 flats in 21 acres - 96 flats/ 1 acre.

Time line - 3 years + 6 months grace

Avatar seems to have addresses most of the anomalies with respect to MH's other projects like distribution of 2 BHKs vs 3 BHKs. It is better spread out now.

Quoting 3,850/- plus 6 lacs for amenities for a 2BHK  and 8 lacs for amenities for a 3 bhk.

Main USP of My Home Avatar is the Location - It is the killer here - Abutting radial road 5 (goes from Shaikpet to Kokapet - still in development and expansion) and the ORR service road to Narsingi.  

The big positive of My Home Avatar location - the through pass (just in front of the project) under the ORR gives the project access to the service road on the other side as well.  So, the residents will have access to ORR from Narsingi, and 2 service roads on either side of ORR. 

Movement to Mehidipatnam and Jubilee Hills will be helped by Radial rd No. 5 and the Langar house rd via Narsingi village. 

  

Other positives of Avatar - Automated billing system for Water, Power, Gas and Maintenance - is a big positive - builds a harmonious community without anybody suspecting misuse by others.

Close to 100 feet distance between blocks - vertical density will leave for more spaces and might not feel claustrophobic.

http://www.myhomeconstructions.com/my-home-avatar.html

A walkthrough video is available on Youtube

https://www.youtube.com/watch?v=AxxUL_ezOSk

My take on My Home Avatar - Great location, the developer has left something on the table for investors - Go for it!!!

Here is the location - The land is the same as DLF New City Heights listed here. For better context and reference, the picture covers the Financial District and Narsingi ORR Junction.

My Home Constructions - My Home Bhooja near Bio-Diversity Park

Name of the Project: MY HOME BHOOJA (Being developed through our 100% Subsidiary Aqua Space Developers Pvt Ltd)

Location: Next to Bio-diversity park, Raidurgam, Near Hitech City, Madhapur, Hyderabad. Abutting the existing 45 Mtrs Road from Raheja Mind Space Circle to Bio-Diversity Circle

Number of Blocks for pre-launch: 4 (Four blocks of 4 flats each) – Blocks B, C, D & E (G+35 floors).

Sizes of the flats: 3 BHK: 2595 Sq ft, 3BHK + Home Theatre: 2680 and 3430 Sq ft, 4 BHK + Home Theatre + Servant Room: 4070 Sq ft

At 6,500/- pre-launch, the smallest unit may cost including centralized AC about 2.2 cr.  

The 18 acres earmarked for the residential towers will be at the back of the plot and will have roads on 3 sides. 

Check out more on their website -

http://www.myhomebhooja.com/
https://www.youtube.com/watch?v=56MgIVVTwj4

The land parcel will have also office complexes on to the Mindspace and Wells Fargo road. According to the developer, these office spaces (21 floors, 2 blocks) will have office space as large as 1.5x of ICICI Bank towers in Financial District. The office space is called My Home Divija. The elevations look stunning. In Oct 2016, the office block construction is progressing pretty briskly, as the Hyderabad market has run out of Grade A office space. So, the builder is pushing the office space as it will have an overwhelming demand.

Check out more about Divija -
https://www.youtube.com/watch?v=UBNTVDXrwcs


My 2 cents: Worth it!!! Many would argue, you may get a villa in the vicinity (5 km towards Narsingi and 10 km on Shankarpally road) for the cost of Bhooja. But, I would think that existing villa owners would appreciate the location and availability of large plate sizes on a single floor...makes life much more easy.  Villas take up lot of maintenance and lose lot of space in staircases, lift areas. No single floor is more than 1800/1900 sqft for a 3 cr villa (300-330 sq yds).

Last word, people might argue that villas might double in value and return better than apartments. Agree.  But, please factor in the facilities, location, convenience as well.  I would think the capital returns would be lower than a villa but the property should do well on the returns front as well.

New High rises near Wipro Circle and Nanakramguda by Vasavi Group

Vasavi Group is doing 2 high rise - 20+ floors - projects in the two locations.  Quoted at 4,500/- and 10 lacs of amenities.

1. Close to Holiday Inn
2. Vasavi GP Trends - Next to the Service road - Nanakramguda to Narsingi - Vasavi GP Trends location - Interesting, on the (other) Service road opposite to the popular service road on which Aparna Elixir, My Home Avatar and Ashoka Liviano are coming up.

Vasavi Group - 57 acre phased development near botanical garden

Vasavi group has signed up HAL employees layout land near Chirec - total 57 acres - to do several projects.  The first one will be a 3 acre development of 300 flats to be launched in Feb 2016.

It is located close to the double laned road that goes and connects the railway track and is part of of 100 ft road project connecting My Home Jewel with Maseed Banda.

The project seems to be moving at snails pace. Update for 22 July 2016 - Earth work in progress at the size.  They are readying two sites - opposite to each other - the other one would be a larger project than the first one.

Narsingi - Puppalaguda - The next big deal?

HYDERABAD, DECEMBER 16:  

In spite of the slowdown in the residential market in Hyderabad and its environs, there is positive outlook, with the commercial space shaping up well and residential segment set to follow, according to a study released by real estate consultancy firm Knight Frank.

An upcoming residential area Puppalaguda–Narsingi cluster close to the IT hub of Hyderabad is projected to witness price appreciation by 2020, the report observes.

In the second edition of its Residential Investment Advisory Report 2016 for the Hyderabad market, Knight Frank India identifies the top investment destinations in Hyderabad for the next five years (till 2020) and also reviews the performance of the previously recommended destinations.

Strong demand and restricted supply, coupled with proximity to the employment hubs of HITEC City, Kondapur, Kothaguda and Gachibowli, are the primary reasons for the emergence of this cluster as an investment destination.

This is the most affordable residential cluster within a 15–20 minute commute to the prime employment hubs. Additionally, 10 million sq ft of office space is expected to be added in the next five years, which would create incremental employment of approximately 125,000. This is likely to further support residential price growth in these locations.

Uppal and L.B. Nagar in the east and Falaknuma in the south are also expected to see significant improvements in terms of connectivity through the metro. However, locations with comparable prices in the west will prove to be strong competition, as they are in close proximity to the western employment hubs, the report observes.

The prevailing prices in Hyderabad are the lowest among all the frontline cities of India. Excellent connectivity and well-developed infrastructure have ensured that residential prices in most locations have remained in a similar price band.

http://www.thehindubusinessline.com/news/real-estate/hyderabad-realty-catching-up-with-peers-in-residential-front-knight-frank/article7996846.ece

Tellapur - Can it be the next Madhapur?

Tellapur technocity project seems to be moving back to life slowly.  The consortium - NCC, Tishman Speyer and ICICI Bank - seem to be trying to kick start their 100 acre project.  If you recollect, the project was a 400 acre project intially bid for 1600 cr but the advaent of the slowdown made the bidders to request the government to allot only 100 acres for which they had paid 400cr (part payment of 1600cr).  The rest of the land is now with the government and can become another Hitec City.  The government is keen to handover land free of litigations to the consortium and hope they move to take action. The rest of the land has some litigations, so government needs to consolidate it.

Tellapur is home to some of the best villa projects apart from the Shankarpally-Gandipet stretch now. Very few aprtment projects are around except for the jinxed Aliens Space Station project.

Villas - Rajapushpa Lifestyle City, Vision Urjith, The Perch, Tudor Villas, Mayfair Villas, Bloomfield Ecstacy, Radhey Sanctia, Vajram, Infinite Homes.

Apartments - Cyber Welfare Apartments, Ozone Heights, Aliens, Honey Dew

Mr. KTR has been scouting for land to build newer facilities like Hi Tech city III, Data center park etc. Tellapur, Nagulapalli and Puppalaguda are in contention.

Narsingi - New Project - Ramky One (Astra)

Ramky One Wave is likely to be launched at Narsingi junction in the vicinty of NCC Urban and PWS projects.  It is a 5+ acre site with 4 high rise towers. 20 floors. The site is next to Vertex Panache. See attached.