Lanco Group planning luxury flats in Hyderabad
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Lanco Group is planning for a high-rise residential project at Manikonda, the suburbs of Hyderabad city with a whooping investment of Rs. 5,500 crores, said the source at the www.propertykhazana.com. The construction is likely to complete in couple of years and the proposed project is designed with 8 skyscrapers with 1500-1850 Sq.Ft 3 BHK flats of 100 units each and totaling 100 floors. Meantime, as per the present market, the rates are floating at Rs.1500 per Sq.Ft and additional charges.
The project is mainly targeting the NRI’s and each unit will be costing between Rs. 1.25 Crores to Rs.2.5 Crores depending upon the floor area and amenities. The source also says at the www.propertykhazana.com that all the apartments will have a extended lobby/balcony connected with the living room and a walk around for good ventilation and air circulation with Wi-Fi hot spots. The external and internal fittings are of world class and bathrooms and the kitchens are planned specially. The source further added at the www.propertykhazana.com that Lanco Group is also planning for an IT Park with approx 9 million Sq.Ft areas in selected 12 towers which will allow more or less 75,000 staff to work. Lanco Hills is also planned with multiplex, shopping malls, hotels and service flats.
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