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Open Forum about Prajay Megapolis, Hyderabad

[ Under Construction ]

Venkata Ramana Colony, Hafeezpet, Hyderabad, Andhra Pradesh, INDIA

Prajay Megapolis, Hyderabad [ Under Construction ]

Venkata Ramana Colony, Hafeezpet, Hyderabad, Andhra Pradesh, INDIA

Project Photo

APARTMENTs

12 BLOCKS , 19 FLOORS
Price:
20.51L to 90.17L
Unit Details:
More than 1000 units
1, 2, 3, 4 BHK
616 - 2708 SQFT
Locality:
Possession:
From Jan 2015

Featured property Agents in the locality

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Project Last Updated on : 10 Jun 2014

Prajay Megapolis Public Forum

Q: We have cancelled our booking of Prajay Megapolis as there is a lot of delay in handover of the flat. Please let me know if any of you cancelled the same way and are waiting for cheques or already got PDCs?
Latest Answer: Hi Shiva Prasad/Tejaswi Avula, Can you tell us how many days has it been since the completion of cancellation formatlities? If you have received the PDC, how long it took to recover it, and what was the date stated on the cheque?
Reply


Q: Is it a good idea to invest in property in the Prajay Megapolis? Can anyone give me some details about this project?
Latest Answer: Hi Sunil, Only bad thing about this project is that it is super crowded by more than 3000+ apartments. whereas on the positive side it is going to absorb any buyer demand that is coming in the market and prevent Hyderabad real estate from rising again?
Reply


Q: Please don't buy in Prajay, staff is very rude after you pay the money. We booked a flat in Prajay megapolis Phase 2 in feb 2013 now they sent a mail that they could not construct alternatively they told to select a flat in Phase1 with an extra payment of 9lacs for same size which is too much and staff is very reckless in answering to us. Please Please Please don't buy. - See more at: http://www.commonfloor.com/forum/5230782fa490b-can-prajay-charge-for-the-car-parking-seperately-?order=oldest#sthash.QBmPiVqY.dpuf
Latest Answer: Hi, Prajay Megapolis is an ongoing project of Prajay Engineers Syndicate Ltd. It has 22 Towers in 10 Blocks and offers 2600 apartments. It offers 2,2.5,3 and 4 BHK residential apartments. The range starts from 2BHK – 930sft to 4BHK 2708sft. Located at Hi-Tech City in Hyderabad which is a very posh locality.
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Q: When is the expected completion date ?? What would be the current price per sq ft ?
Latest Answer: DONT EVEN THINK OF SHELLING OUT YOUR HARD EARNED MONEY! YOU ARE BETTER OFF DEALING WITH A CHEAP ROADSIDE Real Estate Company!
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Latest Answer: I guess from second installment onwards everyone one is doing it. Even for 1st installment also they deducted ST, from the payment o f second installment. -- Bapi
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Q: Hi, I have purchased a flat in Prajay megapolis. I was reading a news article where it was mentioned that builders can't charge for the car parking separately from a flat owner. Does it apply to properties in Prajay. Any thoughts?
Latest Answer: Please don't buy in Prajay, staff is very rude after you pay the money. We booked a flat in Prajay megapolis Phase 2 in feb 2013 now they sent a mail that they could not construct alternatively they told to select a flat in Phase1 with an extra payment of 9lacs for same size which is too much and staff is very reckless in answering to us. Please Please Please don't buy.
Reply


Q: I am planning to purchase a flat in Prajay Megapolis. however i got scared after reading review comments on it. Can anybody advise me whether i can purchase it or not immediately.
Latest Answer: Hello, some of the banks are like Corporation Bank, Bank of Baroda, HDFC Bank, Axis Bank, LIC Housing Finance Ltd, State Bank of India, HSBC, Indiabulls, Indiabulls Housing Finance Ltd, Tata Capital Housing Finance, Central Bank Of India, GIC Housing Finance Ltd, Andhra Bank, Punjab National Bank, ICICI Home Finance, Citibank, ICICI Bank, Canara Bank, HDFC Home loans ,Leading Housing Finance, State Bank of Hyderabad have approvals..
Reply


Q: Hi, I would like to book a flat in Prajay Megapolis.

Need the following clarifications.
Did anyone purchased flat in Megapolis with Pre-EMI Scheme? If so, please let me know whether Prajay is paying EMI directly to Bank? What is the payment schedule for Pre-EMI offer? Is there any Tripartite agreement with Banker? Appreciate if the details are provided by a flat owner who purchased flat in Megapolis under pre-EMI scheme.

I understand that the project is being constructed in the site with GPA title and the site is not registered in the name of Prajay. Will there be any chance of getting into Legal issues as Prajay is not the registered owner of the site?
Thanks in advance.
Latest Answer: Hi, Did you get 100% reimbursement on Pre-EMI you paid? OR, Are they deducting any amount as tax from that amount?
Reply


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