BRC Infra brings premium residences to Hyderabad
Nov 07 2012 , Hyderabad
Located at Manikonda, the project consists of seven blocks with 742, two, three and four-bedroom units. The launch price of Rs 2,600 per sq ft is for the first 50 customers
The project consist of seven blocks with 742 apartments. Each block has 12 floors, offering two, three and four-bedroom apartments. Each two-bedroom flat would be sized between 1,230 sq ft and 1,410 sq ft, three-bedroom between 1,575 sq ft and 1,755 sq ft and four-bedroom between 1,700 sq ft and 2,000 sq ft.
This Rs 300-crore project is funded partly by promoters and financial institutions, and the rest from sale proceeds, the company said. “We wanted to market the project only after completion of a section of construction. So, we now will have the first block with 12 floors ready for occupants from June next year,” said Bandi Ramesh, managing director of BRC Infra.
The company had initially fixed the price at Rs 2,900 per sq ft, but now plans to offer a launch price of Rs 2,600 per sq ft for the first 50 customers. The entire project would be completed in three years.
The project will be easily accessible from the express highway and other new business hubs like Madhpur and Gachibowli.
Amenities include walking and jogging track, amphitheatre, swimming pool and club house.
In Hyderabad, the company has constructed 2,000 flats so far. BRC Infra also has land banks in Vizag, Vijayawada and Guntur “Hyderabad is expected to have about 7 to 8 per cent of the total housing finance market in India and the market is estimated to have grown 40 per cent over the past five years,” Ramesh said.