Tag Archives: Hyderabad real estate

What will happen to Hyderabad real estate prices now that Amarvati is back in the spotlight following Naidu’s election as CM?

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As Andhra Pradesh’s chief minister for the fourth term, Chandrababu Naidu is anticipated to focus more on business-friendly policies and infrastructure in both Telugu states, particularly in Hyderabad, the state capital. Real estate experts, however, assert that given Amaravati’s comeback, there might be some business and resident out-migration to Andhra Pradesh, which might cause a brief correction in Hyderabad real estate values. 

A day before his official swearing-in as the chief minister of Andhra Pradesh, N Chandrababu Naidu, the leader of the Telugu Desam Party, said that Amaravati would serve as the state capital. 

Naidu, the state’s first chief minister from 2014 to 2019, suggested Amaravati as the new capital. It was intended to be environmentally sustainable and was spread across 29 villages between Vijayawada and Guntur. Naidu used land pooling to purchase about 30,000 acres of land from farmers to build Amaravati. However, the 2019 TDP-YSRCP power vacuum severely hampered the plan. 

Real estate experts predict that, given the focus on Amaravati, which is anticipated to see a boom in development along the new growth corridors, the volume of residential real estate launches in Hyderabad may also rationalize as buyers and investors search Andhra Pradesh for competitive opportunities. 

“There are now compelling signs that this fantastic project might be resurrected, even though the previous administration abandoned it. On the other hand, creating a new capital city and the enormous ecosystem it requires is a huge task. It will take time to materialize and become a genuine rival to Hyderabad, even with all the political will and support,” stated Prashant Thakur, Regional Director and Head of Research at ANAROCK Group. 

How the numbers add up: Hyderabad’s real estate launches and prices 

Anarock Research released data showing a 45% increase in Hyderabad’s average property prices between Q2 2021 and Q1 2024.  Between Q1 2024 and Q2 2021, 1.54 lakh residential units were sold in Hyderabad, and 2.18 lakh new homes were launched. 

Between Q1 2024 and Q2  2021, Hyderabad’s residential market grew, with 154,300 new residential units sold and a yearly total of about 218,800 new residential units launched. An all-time high of approximately 76,300 units launched and 61,700 units sold was reached in 2023. Comparing these to information from 2021, there has been a notable increase of 48% and 143% respectively. 

According to Thakur, there was a significant increase in Hyderabad property values from Q1 2024 to Q2 2021. From Rs 4,372 per sq ft in 2021 to Rs 6,350 per sq ft in Q1 2024, prices increased by 45% on average.  

The land price in Hyderabad has also risen by over thirty percent in the preceding three years. The Anarock Research indicated that this had affected price increases in the city across all asset classes. 

The area of West Hyderabad, which has the highest density of office buildings, has experienced even faster growth. The average capital value of residential properties in this region has risen by 52% over the same period. According to Thakur, the average cost per square foot is currently  Rs 7,200. 

The potential growth of Andhra Pradesh may have both positive and negative effects on Hyderabad real estate. But overall, things should work out well because Andhra Pradesh’s development may have a knock-on effect that draws foreign companies and investors to the whole region said the speaker. 

This might lead to an increased demand for commercial and office space in Hyderabad, particularly along important thoroughfares such as the Hyderabad-Vijayawada highway. This area is already being primed for development with infrastructure projects and industrial parks, making it a potential growth engine for Hyderabad real estate. 

Not likely to witness a significant decline in Hyderabad property values

“In the future, there may be modest increases in property prices. But considering the robust underlying demand, a sharp decline seems improbable” said Thakur. “The future is generally bright for Hyderabad’s real estate market. Thakur went on, though, saying it’s vital to monitor developments in Andhra Pradesh alongside national market trends. 

The obstacles that lie ahead 

Hyderabad’s real estate market appears to have a bright future, but there are obstacles. There could be some business or resident out-migration to Andhra Pradesh, particularly if the state provides attractive incentives. According to Anarock Research, this may deter some investors from investing in Hyderabad, which could result in a brief correction in the city’s real estate values and a possible decline in the commercial real estate market. 

On the other hand, it might be challenging for businesses to expand into a new state due to the abundance of skilled labor and the city’s advanced infrastructure, which offers improved connectivity. It went on to say that although Hyderabad’s established infrastructure, thriving IT industry, and multiculturalism are unlikely to suffer significantly, the real estate market in the city will be impacted by Andhra Pradesh’s growth. 

According to Ritesh Mehta, Senior Director and Head (North and West), of residential services and developer initiative, JLL India, Hyderabad’s commercial real estate market is expected to grow despite the recent political developments because of the industry’s strong infrastructure, substantial IT presence, and large talent pool. The city’s enhanced connectivity and strategic initiatives make it an appealing site for businesses.” 

Hyderabad’s robust job market helps to maintain the city’s need for high-quality housing. He continued by saying that overall, it is anticipated that the residential and commercial real estate markets will continue to be robust. 

Everything about the property market in Hyderabad

The people of the nearby cities and towns are drawn to Hyderabad because it is the most accessible mega-cosmopolitan center for Telangana and Andhra Pradesh. The city provides opportunities for higher education, employment, entertainment, advanced healthcare needs, and shopping for special occasions, making it a preferred location for people from Andhra Pradesh. As a result, quite a few residents began purchasing properties in the adjacent state. 

Strong fundamentals are driving the real estate boom in Hyderabad. The study predicts that the city’s expanding infrastructure, general business ecosystem, and IT-ITeS sector will support the demand for premium residential and commercial real estate. 

The city’s diverse economy is not solely derived from the services sector. In addition to the healthcare and educational sectors, the city’s real estate market is driven by the industrial, manufacturing, and logistics sectors.  

Marriott Executive Apartments Hyderabad

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Marriott Executive Apartments Hyderabad is the company’s second-serviced apartment in the country, after the first in Mumbai. The MEA Brand is today’s jet-setting executive and is frequently on the move for extended periods. Staying in MEA differs from a typical hotel stay. 

Location of Marriott Executive Apartments in Hyderabad 

MEA is at the top of the SLN Terminus. Marriot has its entrance, which is on the left side of the shopping center. Marriot is in Cyberabad, with easy access to the Financial District and Gachibowli, and near the Mindspace and Ascendas IT Parks in Hi-Tec City. 

Rooms at Marriott Executive Apartments in Hyderabad 

MEA offers three different types of rooms, with the lowest being a studio and the highest being a 2-BHK apartment. The apartments either have a city or a garden view. The city view provides a bird’s eye view of Hyderabad’s cyber city. Even the concrete jungle appears colorful and serene from a higher elevation. The Hyderabad Botanical Garden spans over 200 acres of lush green landscape and is adjacent directly to Marriot. Now imagine waking up to the view. Isn’t that luxury?

The main advantage of staying in Executive Apartments is the size of the rooms. A 1-BHK apartment is 915 square feet in area. The 2 BHKs can be up to 1300 square feet, so it’s significantly more space than most deluxe suites. Each apartment has one or two bedrooms, a living room, a kitchen, a walk-in closet, and a utility room. The rooms in MEA are strictly non-smoking, and there is a hefty penalty for doing so. Those looking for a non-smoking room can upgrade to a room with a private, open-air balcony. Pets are not permitted. 

Amenities in MEA (Marriott Executive Apartments)

Unlike traditional hotels, Executive Apartments aim to allow guests to stay with their families for years rather than months. Every apartment has an incredible amount of functionality and convenience. Both the living room and the bedrooms have televisions. In addition to the king-size bed, you can request a rollaway bed or a crib. There is also a table for four, a sofa, and a chair with an ottoman in the living room. The bathroom has both a shower and a bathtub. 

The kitchenette has a two-stove induction and electric chimney, a 300-lb fridge, a microwave, a toaster, and other amenities. Guests can either request that the housekeeping staff do the dishes for them or use the dishwasher in the kitchen. The utility room has a modern washer and dryer. Other amenities include an iron, an ironing board, and a hair dryer. 

You can do your grocery shopping at SPAR or let MEA handle it. Marriott also offers cooking classes for long-term guests, demonstrating how to use local produce ingredients. The kitchen can also help with the cleaning and chopping the vegetables. The Marriott lobby has a small 24-hour grab-and-go market that sells snacks, staples, ice cream, and wine. In addition, it is open to non-residents, so if you need pasta or snacks late at night, you can get them there. Everything has an MRP. In addition, unlike in hotels, you can have food delivered to your room via delivery apps such as UberEATS and Swiggy. 

On-site recreation options include a gymnasium and a swimming pool, with more on the way. Residents can register with partner golf clubs such as Hyderabad Golf Club and Golconda Golf Club. Residents can walk or jog through The Botanical Garden’s lush greenery or work up a sweat at the Palapitta Cycling Park. Both venues are close to the hotel, and Marriott bears the costs on behalf of the guests. SLN Terminus also houses several restaurants and bars and has entertainment venues such as Escape Hunt and Platinum Movies (which will open soon). Residents can also get special discounts at other Marriott F&B locations throughout the city. MEA’s team also organizes themed community gatherings for residents. 

Dining 

Aside from your room, the terrace is where you will likely spend most of the days of your stay. And it is stunning. The Marriot Executive Apartment’s USP is its strategic location, and the terrace emphasizes this. During the day, it is breezy and serene. After dusk, however, it becomes magical. 

The terrace is home to Mazzo, MEA’s only in-house dining option. Throughout the week, Mazzo serves a breakfast and dinner buffet. On Sundays, there is a lavish brunch. Mazzo offers bento-box-style quick meals for lunch on weekdays. Every day has a unique theme. I went on a Friday and had the chance to try the Thai meal box. While the soup was forgettable, the Satay and Red Curry were excellent. 

The terrace’s far end is being converted into an open-air cocktail lounge. The cocktail menu is still in the works. We sampled a variety of them. The mimosa was delicious, as was a tequila-based concoction called Bulldog; however, the whisky sour was underwhelming. 

Resale Independent Houses for Sale in Hyderabad

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Hyderabad, the capital city of Telangana, has been rated the best across a range of indicators, including GDP, and has been designated the most vibrant city in the world for 2020. The city has the most accessible and affordable real estate markets in Southern India, close to the metropolitan towns of Bengaluru, Chennai, and Mumbai. Excellent connectivity is a must for buyers looking to invest in the best real estate in Hyderabad. The city guarantees rising property prices due to advantages such as proximity to major markets.

Hyderabad is also known for its refined culture, which attracts visitors from all over the country. The city has produced positive results for investors and home buyers, establishing itself as one of the best cities to invest in. Independent houses for sale are among the more affordable investments available in the city. Resale Independent houses are reasonable and accessible relative to other major cities.   

Buying an Independent resale house has numerous advantages. Continue reading to learn the necessary documents and vital considerations when purchasing a resale independent house in Hyderabad. 

One of the most important financial decisions we will ever make is to purchase an Independent resale home. Most real estate developers are building new projects on the outskirts of cities due to rising property prices in cities. It narrows the property options available to potential buyers who want to stay in the core areas. As a result, they find it simple and advantageous to invest in the secondary market and choose to buy an independent house based on their preferences. 

Purchasing a resale home has numerous advantages, including flexible payments, immediate possession, quick home loan approvals, and much more. Let’s look at how buying an Independent resale house can benefit you in various ways. Also, review the required documents and considerations when purchasing a resale home. 

Benefits of purchasing a resale independent house in Hyderabad for sale 

  • Fraud is unlikely: people can commit deceit when they buy an under-construction property. Though a developer may appear to be financially sound, a property buyer is unlikely to be able to evaluate his balance sheet, and thus the chances of fraud increase when purchasing an under-construction property. Most of the resale independent houses in Hyderabad are ready to move into, so the buyer only needs to verify the property’s authenticity and documents. 
  • Affordable Prices: Unlike newly constructed houses, resale independent houses in Hyderabad are typically more affordable. Furthermore, property buyers can negotiate prices based on various factors, such as interiors, the age of the building, fixtures, and so on, while keeping their budget requirements in mind. 
  • Immediate Possession: With a resale home, the buyer can move in immediately. It saves them from the hassle of construction delays. Furthermore, they already know how the property looks and what will go with it; therefore, they can choose their furniture and home decor accordingly. 
  • Banks and other financial institutions quickly approve home loans for resale independent houses in Hyderabad. Such transactions have advantages such as less paperwork, a more loan amount, lower interest rates, and so on. Due diligence by the bank takes very little time, and buyers have a shorter period to await the home loan disbursement. 
  • No Legal Disputes: Purchasing a resale independent house protects buyers from property-related legal disputes. Recently, work on an under-construction property project has typically been halted due to legal disputes and a lack of environmental clearances. When you buy a resale home, you know precisely how many permits you require. 
  • Pre-Installed Amenities: Most buyers receive pre-installed amenities such as electricity, gas, water, maintenance, and security services when purchasing an independent resale house in Hyderabad. It saves them the trouble of arranging new ones. Instead, they can improve the old ones at a much lower cost.  
  • Lower Home Loan EMIs: Buying a resale property saves buyers money on home loan interest and monthly installments. They do not have to pay additional home loan repayment amounts for houses under construction because they have immediate possession. Buyers of under-construction properties must continue to pay their loan EMIs and interest amounts until the house takes shape. 
  • Tax Benefits: Under Sections 80C and 24B of the Income Tax Act, buyers who purchase a resale house can claim a tax exemption of up to Rs 1 lakh on principal home loan EMI and up to Rs 5 lakh on the home interest rate. Property buyers can move in and take advantage of the tax break on their first home loan installment. 

Things to Consider When Purchasing an Independent Resale House for Sale in Hyderabad 

  • Consider All Your Options: Before purchasing a resale independent house, do some research. Visit any of the real-estate aggregators’ online portals, and use appropriate filters to find the property of your choice. It allows you to find the best deal in record time. 
  • Property Age: Some older independent resale houses are of construction and fixtures. Examine the property’s age with the current state of the building in which it resides. It will assist you in determining the approximate amount you will need to spend on repairs after making the purchase. 
  • Ownership Status: Conduct a title search and confirm the property seller’s control rights. It lets you learn about the property’s ownership history and prevents you from engaging in fraudulent transactions. 
  • Pending Dues: Make sure there are no pending dues from the previous owner. It could be an additional cost to the purchase price of the property. You must contact the seller and request that any outstanding payments become final. 
  • Before making a purchase, you must go over all of the necessary documents related to the property. It also allows you to conduct a title search and confirm the seller’s ownership rights. Continue reading to learn about the documents you need to buy a resale independent house for sale in Hyderabad. 

Documents to Look for When Buying a Resale Home 

Here is a list of documents to review when purchasing an independent resale house for sale in Hyderabad. These documents are necessary for a resale independent home for sale in Hyderabad. 

  • Sale Contract 
  • Occupancy Permit 
  • Building Strategy 
  • Certificate of No Objection 
  • Deed of Mutation 
  • Possession Document 
  • Certificate of Encumbrance 
  • Receipts from taxes. 

Explore Lucrative Plots for Sale in Hyderabad: Invest Wisely & Secure Your Future

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Are you interested in investing in plots for sale in Hyderabad? Real estate is one of the main things that attracts inventors’ attention. People believe real estate is the safest investment because property prices rise frequently. So, who doesn’t want a return on investment?

Furthermore, real estate can be used to generate rental revenue, which is another reason why many people consider it an investment. People may consider investing in real estate for many reasons, which may explain why demand is increasing. The buyer and seller are the only ones who care whether the property is an office or a residence. The need for residential plots is skyrocketing.

Plots have undoubtedly become the go-to choice for investments in the post-pandemic real-estate marketplace. 

Popular plot features in Chennai 

If you’re looking for residential plots for sale in Hyderabad, many of the available lots include the usual amenities, such as:

  • Internal roads and footpaths: Most plots in Hyderabad include internal roads and paths to facilitate travel within the neighborhood. 
  • Gated community: To ensure safety and peace of mind, most residential plots are part of a gated community with security guards. 
  • Water Supply: To make life easier, all residential plots include a reliable water supply. 
  •  Sewage System: For safe living, most residential communities have sewage systems. 
  • Electricity: You can be confident that every plot will have a continuous power supply.
  • Gas supply: Cooking gas is also supplied to many residential areas in Hyderabad. 

To live comfortably in your new neighborhood, it’s crucial to consider all of this when choosing your plot. 

Factors to consider when purchasing a plot in Hyderabad

Here are a few things to consider before purchasing a residential plot in Chennai. 

Building Restrictions and Zoning Regulations

Be sure to familiarize yourself with all building restrictions and local zoning laws before doing anything because they will dictate what can be situated on the property. If you want to create something specific for commercial or residential use in the future, knowing what kinds of buildings can be erected in advance can save you a lot of trouble later on. 

Size 

When buying a plot in Hyderabad, you should also think about the plot’s size. The plot’s dimensions must be appropriate for the property’s intended use and financial constraints. A larger area might incur higher maintenance costs, while a smaller area may force you to give up space and comfort. Pick a size that fits your needs after carefully considering them. 

Location 

Before making a purchase, it’s critical to understand the neighborhood and determine whether it meets your needs. Do your homework and look into the area, amenities nearby, accessibility, and available public transportation. You can use this information to decide if this is the perfect place to live. 

Benefits of investing in plots in Hyderabad 

  • Lower Investment cost: Particularly in India, unoccupied plots are less expensive than standalone villas and apartments. Furthermore, property taxes for plots are lower than those for houses. Additionally, the cost of maintaining the land will not be prohibitive. 
  • Higher Return on Investment: If open plots are located in areas that are anticipated to experience growth in the future, their prices will typically rise more dramatically than residential assets. For instance, a plot’s value will undoubtedly increase if it is close to a highway or in an area where significant resources are being invested in building necessary infrastructure, bringing profits to the owner. 
  • Provisional choice and flexibility: People have much more leeway when pieces of land according to are more affordable. Plots can also be used for a variety of purposes. Some people build people homes on lots, while others prefer to create farms and henhouses. You can design your home as you make it on your build to suit your needs. Independent homes or apartments with distinctive designs are up for sale. Depending on your preference, you can also choose the neighborhood of your choice. 
  • Easily Manageable: It is also easy for owners of uninhabited lands to manage their properties much better, even from distant locations, than homeowners, as their properties do not attract maintenance overheads, unlike individual homes or apartments.  

In Hyderabad, there are 665 residential lands to buy on Propertywala.com, with prices ranging from Rs. 1.39 lakh to Rs. 30.6 crores (an average of Rs. 18,282 per square meter). Shadnagar, Kothur, and Ibrahimpatnam are locations where people go most often. 

Plots in Kothur, Hyderabad 

In Kothur, Hyderabad, there are 44 residential lands for sale on Propertywala.com, with prices ranging from 4.7 lakhs to 88.67 lakhs (or, on average, Rs 12,722 per square meter).  The plots provide features like a clear title, freehold land, a plot boundary wall, a society boundary wall, a corner plot adjacent to the main road, a green belt facing, water connection, electric connection, and connectivity to hospitals, schools, and shopping malls. 

Plots in Ibrahimpatnam, Hyderabad

In Ibrahimpatnam, Hyderabad, there are more than 40 residential lands for sale on Propertywala.com, with prices ranging from 5 lakhs to 80 lakhs (on average of 1089 sqft). The plots are near well-known towns, hospitals, or schools and adjacent to the main road.  

Conclusion

It’s a good idea to familiarize yourself with the various localities, amenities, and social infrastructure. If you’re looking for residential plots for sale in Hyderabad. To make the best choice when selecting an area, you can also look into the zoning laws and the city’s development plans and become familiar with the market rates and other pertinent information.

Finding the ideal plot in Chennai can be difficult, but with the right advice and investigation, you can make a wise choice. You can find the perfect location for your future home among the assortment of residential plots offered for sale in Chennai.

Hyderabad, a new commercial destination

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Hyderabad is now becoming the new investment destination for the commercial property developers already based in Bengaluru. This is the time when the city’s real estate market is on a revival mode after almost five years of political ups and downs in the city.
Well developed companies such as DivyaSree Developers, Embassy, Salarpuria Sattva, and RMZ Corp have successfully built or still are in the process of building a noticeable commercial portfolio in the city. This, along with Bengaluru, which is also a home to some of the largest IT companies in the world, including Microsoft, Oracle, and Uber. However, the rentals of these cities are still not as high as other cities and therefore the companies are keenly looking at this as a growth trajectory.
As it is mostly seen, the existing customers of the city will be now looking in other cities as it provides them with more options and a higher scale for a better business. This However will result in the same rental prices of Hyderabad commercial property as it is for Bengaluru. Mike Holland, the CEO of Embassy Office Parks said that it can be strongly seen that the Hyderabad infrastructure will grow immensely after the political turmoils in Bengaluru.

Hyderabad to promise a positive realty sector

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The last quarter of 2016 struck all of India with major impacts on real estate sector. In terms of Hyderabad city, the real estate sector have been really promising this quarter. The initiatives taken by the government have been fairly positive towards the residential sector. After demonetisation settled down, the GHMC recieved a total of 154 crore as it begun its decision to accept the banned currency from property tax payers. This meant that the currency accepted from the defaulters could be used in a constructive manner.

Hyderabad’s realty experts have expected that Hyderabad commercial market will soon become the leading market all over India, latest by 2018. The main reason behind this is the healthy accomplishment of affordable housing which therefore boosts the residential market as well. As the newly reputed companies are starting to set their base in the city, the residential supply in Gachibowli, Hitec City and Raidurg will increase. These residential sector are expected to be consumed by the expected increase of employees from 4.3 to 4.7 lakhs within the next 12 months.

Home Prices Sees Rise Despite Weak Home Sales

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Home prices in Mumbai rose in the last quarter. Meanwhile the period was noted for lower home sales as well.

MUMBAI: Home sales are down. The real estate market is sluggish. Yet the home prices are not affected by them. It seems that the home prices are not aware of the weak home sales. Continue reading →

Hyderabad Real Estate to Be Fostered By Metro Rail

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Hyderabad Real estate seeks ways to meet higher demands for transit oriented residential units. Hyderabad real estate hopes that they will be fostered by the proposed Metro Rail.

Hyderabad real estate has shown higher pace of development. with the arrival of new Metro Rail plan the city is to gain more transmit system which will in turn cause more demand.

Hyderabad Metro Rail (HMR) Managing Director N.V.S. Reddy has remarked that the cities tend to get reoriented to mass transportation systems.  Property prices in these areas behave in different ways.

While participating the conference ‘Real Estate: Accelerating the Growth Story’, conducted in relation to the APREDA Property Show-2012, Mr. Reddy expressed his hope that the proposed Hyderabad Metro Rail will boost Hyderabad real estate growth.

Property Show-2012 by the Andhra Pradesh Real Estate Developers’ Association (APREDA) showed greater transit oriented development in Hyderabad city.

The proposed metro rail will fast up the Hyderabad real estate to boom in the eastern parts. While addressing the conference and Hyderabad real estate property expo, Hyderabad Metropolitan Development Authority (HMDA) Commissioner, Neerabh Kumar Prasad urged the Hyderabad real estate developers to construct affordable homes.

He added that larger segment of the people are looking for low budget homes which fall below Rs. 20 lakhs. He further stressed the need of reducing land cost in achieving such low cost homes.

Mr. Prasad mentioned of special incentives to the real estate while concentrating on high rise development which will be transit oriented development. He pointed that both HMDA and HMR are moving forward with TOD concept.

According to this TOD concept, an area in a circle along each metro station will be notified. When the metro rail gets the shape, the area along the outer ring road will become prime land for real estate development.

HMDA’s Mr. Prasad said that the Authority is ready to help in the infrastructure growth of the area. He added that this is only for reducing the prices of the residences by facilitating as much supply as possible. Higher supply will push down the demand and prices, he expressed his hope.

Highlighting the higher impact of existing political situations on Hyderabad real estate, Jones Lang LaSalle’s Anuj Puri stressed the need of creating Tier-II cities. Creation of such Tier –II cities will take the heavy burden away from the Hyderabad, he continued saying.

The Hindu reported that the property show draws huge number of people. Larger number of crowds who showed genuine interest in purchasing homes really filled the real estate developers’ mind with new hopes. However the property expo could drag the people to a greater level and what we want to see next is how far the metro rail will boost the Hyderabad real estate.

Real Estate Hyderabad to Get 75-Crore Township by PRIL

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Patel Realty India Limited (PRIL), a subsidiary firm of Patel Engineering, is all set to invest 75-Crore in two real estate townships in Hyderabad.

Hyderabad Real Estate to Get Smondo From Patel Group

Hyderabad Real Estate to Get Luxury Oriented Smondo From Patel Group (Image Source )

Mumbai-based Patel Engineering Limited plans to invest 75-Crore in two real estate township projects in Hyderabad. The Mumbai-based construction firm is  specialized in hydropower generation and irrigation. Continue reading →