Indian Property News on 'November, 2007'

Lanco brings Luxe Living in Hyderabad

The Lanco Group has laid plans for a mega residential project at Manikonda, which would be developed over the period of next two years. The project involves an investment of Rs 5,500-crore.

There will be eight skyscrapers, each with 100 flats. This exclusive tower will have over 100 floors in it. According to the present plan, there will be 3-4-bedroom flats ranging from 1,860 sq ft to 1,500 sq ft. The cost of each sq ft will be about Rs 1,500 plus additional and registration costs.

A 3-4 bedroom flat in the proposed signature tower will be no less than Rs 1.2 crore whereas a four-bedroom duplex will come for a whopping Rs 2.5 crore. However, the price varies with size and the kind of facilities provided. The tower will especially cater to residential requirements of deep pocket NRIs. Read More »

Unitech To Come Up With A Knowledge City In Vizag

Unitech Ltd has entered into an agreement with the Andhra Pradesh government to develop an exclusive Knowledge City on 1,750 acres of land near Vishakapatnam, for which it will pay Rs 3,328 crore over a ten-year period.

The deal has been fixed for Rs 52 lakh per acre and is believed to be the largest in terms of the acreage from a single source in a single land deal. Read More »