With several industries, information technology (IT) units and educational institutes being located in the city and the international airport coming up at Bhogapuram, real estate prospects are looking up.
Properties of different kinds were showcased at ‘The Hindu Property Plus Living Spaces-2017’ that concluded on Sunday at The Gateway Hotel.
Luxury flats, right in the heart of the city, to villas and plots in the newly developing areas, mainly on the outskirts, are being marketed aggressively.
Much before the other big real estate companies made it to the city, Shriram Properties has come out with its mega project ‘Panorama Hills’ spread over 80 acres.
Having completed Paramount Towers of 374 flats and readying itself to hand over 680 flats in Celebrity Towers next year and people also living in 50 of its villas, it is focussing on improving greenery and security.
“With landscaping experts from Bengaluru, greenery has been improved considerably and we now have fully grown trees,” said T. Ravi Sankar, AGM, Shriram Properties.
Using an app ‘Apartment Adda,’ 24X7 cyber security is being provided for the first time in the city, he said. Any visitor, including those providing services like house-keeping or delivering other goods, are photographed, conveyed to the resident where they are going and entry and exit recorded. Every resident also has a panic button on the phone that activates neighbours as well as the security, Mr. Ravi Sankar said. In-house services can also be requisitioned using the app.
Shriram Properties, in association with Cyber City Builders and Developers Limited, is now planning to launch The Retreat comprising 112 villas designed by renowned architect Hafiz Contractor. “It will be launched only after getting all approvals as per the new norms,” said Mr. Ravi Sankar. While mega gated communities are generally located on the outskirts, posh areas in the city continue to be in demand. Mythri Infra is coming up with luxury 3 BHK and 4 BHK flats ranging from 2100 sft to 4300 sft at Maharanipeta. The venture comprises 39 flats in G+7 , said Senior Manager (project coordinator) K. Subba Rao.
Real estate dealers are coming out with novel schemes to attract buyers. The Peram Group has a land bank of 400 acres and 11 ventures between Anandapuram and Polipalli, according to Branch Manager D.S.N. Sreedhar.