Indian Developer Plans Mega Home Project

January 28, 2009	(Be the first to rate this story!)  Loading ...
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A housing project with 2,000 properties up for grabs is to become the third mega-project to be built by an up-and-coming Indian developer. Indu Projects Limited announced Indu City in Bachupally, Hyderabad, would also be designed and built by American real estate giants Belt Collins. It follows similar huge housing schemes called Indu Fortune Fields, in Kukatpalli, and Indu Aranya, built at Nagole.

The company also revealed the development would be a fusion between real estate and natural terrain, providing a balance between “nature and high quality living”. Indu projects said: “The proposed gated community is planned for 1,715 apartment units ranging from 750 sq ft to 3,150 sq ft, and a range of 318 villas ranging from 325 sq yards to 600 sq yards.” In line with a current drive towards more affordable housing in India, the developer also said units would be available to suit all real estate budgets.

On-site benefits will include a swimming pool, club house, and creche, with an international school also on a five acre plot of land. Funding will be part-provided by Red Fort Capital, a private international Real Estate fund which has already put over US$ 1 billion into several schemes across the country. Housing and commercial real estate in Hyderabad has become more popular as the city’s business sector continues to grow, with many IT and technology firms setting up home in the local area.

News Published Under:   Hyderabad |

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