Residential development in Rajahmundry and Vijayawada by Shriram Properties
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Growing India is growing parallaly with the growth of the infrastructure across the country. Every small and big town is influenced by its growth and now Shriram Properties is focusing on the coastal side of Andhra Pradesh for their next ventures. According to the sources of www.propertykhazana.com a mega project of residential units is planned for both Rajahmundry and Vijayawada by the Shriram properties. At a short note with the managing director of the company M Murali he says that the company is planning for a bigger housing unit targeting the mid and upper mid class of the society due to high demand and low availability in the market. He also declares that as of now the company has no plans to move for the luxurious and other effluent size construction.
Murali recently was visited the site and completed the Bhoomi Puja for the site of second block of the Shriram Panorama hills on Thursday located in Endada. Further he clears that the projects in these two site of Rajahmundry and Vijaywada is on fast track and company will put the details of the acquired land for the proposed housing site. Talking about the housing scenario he claims that at present there is a requirement of around 20 million housing units and as a result any developer can come to the realty field to show his skill in building. Their earilier venture at Vishakhapattnam was a bigger unit with a capital of Rs 1800 crore to set 2000 apartments. Apart from this the company has shaped 220 spacious villas at the same site. It is in the final stage of completion and will be concluded by 2014 -15.
Source: NIMMA BENGALURU
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