Released on: August 2, 2008, 4:46 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: The Nizampet-Bachupally stretch has become a major
residential hub, catering to both rich and middle class sections. The area is
strategically located between the National Highway 9 and inner ring road of
Hyderabad.


Press Release Body: The Nizampet-Bachupally stretch has become a major residential
hub, catering to both rich and middle class sections. The area is strategically
located between the National Highway 9 and inner ring road of Hyderabad.

Software professionals, businessmen, and government employees have been buying flats
and individuals houses in the Nizampet-Bachupally stretch. The major advantage of
the area is that it provides connectivity to key spots such as Kukatpally, Hitec
city, Gachhibowli, Sanatnagar, Balanagar, Begumpet and Secunderabad. Construction
activity has been in full swing in the locality though there is a slowdown in the
real estate market otherwise.Major realtors including Maytas Properties, Indu
Projects, Landmark Builders, Sri Surya Builders and Developers, Jagadamba Properties
and several other such builders have taken up residential projects in the
stretch.Flats and individual houses are being sold at rates ranging between Rs 25
lakh and 75 lakh, based on the quality of construction, built up area and other
facilities. Matyas is constructing a world class integrated township in 376 acres at
Bachupally. \"The project offers a range of apartments, villas, bungalows, retail,
hospital, entertainment, infrastructure and SEZ, all incorporating the best
features,\" says Mr Sumith Reddy, head (residential townships) of the company. \"It is
just a 20-minute drive from Hitech City.\"

Similarly, Indu Projects is also planning an integrated township in 100 acres at
Nizampet Bachupally and Landmark Builders is building 90 flats under its 'Pristine\'
project. \"Most of our buyers are software engineers since Hitech city is nearby,\"
says Mr Sanjay Kumar, managing director of Landmark Builders. Other builders are
trying to attract middle and upper middle class sections by providing flats at
affordable rates.\"Executives may not get more than Rs 25 lakh as loan from banks and
so we have fixed a square feet rate of Rs 2,500,\" said Mr B.S.V. Prasada Rao,
managing director of Sri Surya Builders and Developers, which has taken up the Sri
Suryavijya Icon project in Nizampet.According to Mr Rajesh Agarwal, managing partner
of Jagadamba Properties, Nizampet will become more attractive once the Outer Ring
Road and metro rail projects are completed.....

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