Q: Hey, I have 2 properties in Coimbatore, I am planning to sell one of these properties to buy a new property in Hyderabad, preferably a villa within a 4 crore budget. I am planning to move to Hyderabad after retirement. I want to invest in luxury villas in a residential complex in the Tellapur region. Please suggest some on going and completed projects and give related details. Thank you!
Hey, I agree. Since you aren’t moving right away, investing in an under construction property would be more beneficial. I have visited the MayFair project, and I must say I was a little worried about the reliability of the project in the beginning because of a delay in the launch date, but seeing the construction first hand, I think it is a great project to invest in. I was impressed by the number of amenities provided here, and another good thing is that the builder has agreed to transfer legal rights of the clubhouse and other common assets to the residents association, which often comes out as a problem later on in such projects. I suggest you invest in this property, it fits your budget well too, with a few bucks to spare.
Hey, with a 4 crore budget you can definitely find a great home in Hyderabad, so don’t worry at all. The area that you want to invest in has lot of options to choose from. The area is home to a lot of luxury apartments and villas because it is not right at the centre of the chaotic city life but is not too far from both Hitec city and Gachibowli. One ready to move in project that comes to my mind is Vision Avenues Infiniti Homes. These are ready to move in and come at 3 and 4 BHK variants covering an area ranging from 3800 sq. ft to 4500 sqft. The price per sqft for the 2 BHks is rs. 7250 and for 4BHK it is Rs. 10,550. But, I believe these can definitely be negotiated.
Hey I suggest instead of going for ready to move in why don’t you work out your options for under construction villas, there are many projects coming up in Tellapur, and I believe you might great villas for a little lower price than ready to move in ones. I came across a project by Pranit projects called MayFair Villas. These come in 4BHK variants and are very spacious with an area ranging from 4000 to 4945 sqft. The price per sqft is also lower here, it varies between Rs. 5150 and 5650 per sqft. This project was launched in August 2013, and is expected to be ready for possession by August 2015.