@K srinivas: Hi i am looking to buy service apartment in Hyderabad Gachibowli area constructed by Patel group. There are

Q: @K srinivas: Hi i am looking to buy service apartment in Hyderabad Gachibowli area constructed by Patel group. There are two residential apartment and one service apartment under construction proposal. Only ground work started till date. Price quoted for service apartment 1 bhk now @7,600/Sq feet all inclusive. Is it worth investing at the rate mentioned & did any one check the documentation part like required approvals, title deeds etc. Pls reply back.

Ksrinivas, Vijayawada

25th June 2014

Investment Advice in Smondo Gachibowli, Gachibowli, Hyderabad

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Replies (2)

@Dhananjay,
There are many reasons to choose a Smondo:-
Proven design acceptance by over 1000 families in Bangalore who are now moving into their Smondos.
Smart design ensures maximum usable space.
Smart features such as built-in-window seating provide much needed extra seating without occupying floor space.
Central location – most offices are 10 minutes away
Well-planned common areas and amenities.
High speed elevators for each tower & two dedicated service elevators

Sridhar, Hyderabad

26th June 2014

Comment

Hi Ksrinivas,

Smondo Gachibowli is the latest venture at the heart of the radiant city Hyderabad, Gachibowli. Smondo by Patel Realty is the smart design at smart price in the functional smart location. The central location helps everyone to save precious time and to reach offices and other places on time because the exact location is Hitec City, Gachibowli.

It only offers 2/2.5/3 BHK residential apartments. 2BHK in 990 sq-ft, 2.5 BHK in 1120 sq-ft and 3BHK from 1400-1435 sq-ft. Current price quoted by the developer all inclusive is Rs. 5250/sq-ft. So, the rate which you have mentioned is quite high. Even the residential apartment price in the locality is Rs. 4000-4300/sq-ft.

Dhananjay, Hyderabad

26th June 2014

Comment

Hi Dhananjay,
Prices indicated above are ALL INCLUSIVE.
Stamp Duty, Registration Cost, Khata Expenses, Service Tax and VAT as applicable, payable separately.
Maintenance charges @ Rs.2.50 per sq.ft. per month for 24 months shall be payable at the time of registration.

Bharath Konda, Hyderabad

26th June 2014

@kSRINIVAS,
It is a GHMC approved project and almost all the leading banks and financial institutions such as HDFC, Axis, HSBC, ICICI,SBI etc. are funding this project.

Dhananjay, Hyderabad

26th June 2014

Hi Dhananjay,
Thank you very much for information. Along with 2 residential apartment, 1 service (Hotel) apartment as well constructed by Patel group for which rate quoted to me for 1 BHK service apartment is 7,700/Sq feet (all charges included in price mentioned). Considering service apartment pls provide your views will be price per square feet is high ?

Ksrinivas, Vijayawada

26th June 2014