According to the sources available to www.propertykhazana.com, important gated community of realty developers SMR Groups will be all set ready by February 2012, and then the ownership deeds will be issued. It has 975 units in 10 acres coming up in Hydernagar in Hyderabad and it is located near the High-tech city. Managing Director and Chief Architect and Chairman S Ram Reddy said that the layout will not be jam-packed and it has 4 towers and each has 19 floors and also has lot of natural and simulated landscape designing. The venture has grouping of 2 & 3 Bedrooms averaging about 1,200 Sq.ft and 1,800 Sq.ft and the company has stated that it has sold out for Rs. 2,900 per Sq.ft for 50% of the units. The price is expected to be Rs. 350 Crores of which Rs. 75 Crores was contributed from the promoters, Rs. 70 Crores as loans from the banks and about Rs. 150 Crores from the landlords to be in. Reddy further said that, “The entire project is about 20% land occupied only and we have left the residual open. The construction has planned to endure the seismic loads. Based on the customers advice it is been constructed the living room for the manifold uses.”
Meantime, as reported by the sources to the www.propertykhazana.com the patio garden can be used as a venue for get-togethers, celebrations with music and for the pumped up ones there is a dance floor as an added feature. For Leisure, swimming Pool, Reading Room, Coffee Shop and Tennis Court are creased up in the venture. As the apartments will not have the common walls will also give Wi-Fi connectivity, three levels parking which includes for guests, children play area, an amphitheatre and also multiple banquet halls.
SMR has one more residential venture Sky City with 120 Apartments in 13 floors at Uppal and one more Symphony with 190 units at Gachibowli which is already occupied.
Source: NIMMA BENGALURU
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