Residential real estate in Hyderabad is known for its huge higher-end luxury villas today. This cyber hub of India is flourishing well with its booming economy and NRI interest. Real estate developers are unleashing new concepts like theme based ambiance to exploit the opportunities lying in the premium housing segment.
“Luxury villas in Hyderabad are designed by restructured architects and they follow certain themes such as ‘Spanish style Villas’ or ‘Italian architecture’, which really attract High Net worth Individuals (HNIs),” Anurag Maheshwari of Hyderabad properties. Talking about the trends further, he said, “Under a reinforced project, everything from the construction material, fittings, accessories to the designing of the villa is converged to a particular theme and these villas are devised to meet international standards”.
The builders meanwhile are leaving no stone unturned to catch the attention of HNI, and NRI investors interested in Hyderabad properties. Take for instance the 100 percent Vastu compliant higher-end villas by Landmark builders. The group after enjoying the tremendous success of its ‘Fortune Villas’ has introduced this concept at its ‘Stepping Meadows’ project, near 8-lane expressway. These luxury villas in Hyderabad are designed very aesthetically and have duly treated the attention of foreign investors as they are equipped with all the comforts that HNIs expect, sources told.
Meanwhile, most of the villa projects in Hyderabad are surfacing up at the outskirt areas like Kompally and Kondapur. Developers are eyeing huge tracts of land that are available in these areas, and since the land prices are very low, builders are expecting handsome margins on their projects.
But the gold-rush has been translating into escalating price levels in these areas. According to the sources, land prices at the outskirts that were in the range of Rs 15,000 to 18,000 per square yard in 2006 have now shot up Rs 50,000 per square yard. The story does not end here. Hyderabad real estate experts forecast that the prices would increase further once the benchmark projects come to fruition.