Vasavi Estates’ project targets mid-level IT employees

Tags: Real Estate
Vasavi Group’s Vasavi Estates has taken up a new residential project at Whitefields at Kothaguga near Hyderabad’s Hitec City. The project — Vasavi Shanthinikethan — will have 230 units in four groups. The unit size varies from 1,020 sq ft to 2,755 sq ft and are available as two, three or four BHK apartments.

According to its managing director Srinivas, since the project is located near the IT hub, it is getting a lot of enquiries from mid-level IT employees. The company is quoting Rs 4,400 per sq ft. Amenities and car park will cost an extra Rs 6 lakh for two BHKs and about Rs 8 lakh for three and four BHKs, which will have two car parks. The project will have 40 per cent built area and the remaining will be left open to accomodate landscape gardens and walking tracks, he said. It will also have a 12,000 sq ft clubhouse with a gym and a swimming pool.

The project will have round the clock surveillance and solar street lights. Power will be backed up with diesel generators. There will also be a crèche. “A lot of the prospective buyers will be working couples. Having a crèche in the premises will reduce unnecessary travel for parents and children,” said Srinivas.

The other facilities will include a library and a car wash area as well as rainwater harvesting. The parking will be in two levels, he said, adding that there will also be a meditation hall in the premises. The project is expected to be completed by June 2015. zz

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