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Indian Real Estate News : Others
Luxury condominiums in Hyderabad soon
Source: Mar 23, 2011
The Botanika, spread over 7.5 acres of land, consists of 278 condominiums overlooking the Botanical Gardens

Koncept Ambience, a Hyderabad-based developer known for developing the country's first villa township, The Whisper Valley, in the city, is coming up with a high-end luxury condominium project, The Botanika, near Hi-tech City, in the IT hub of Andhra Pradesh.

The residential project in Gachibouli is spread over 7.5 acres of land and consists of 278 condominiums in three 23-storeyed blocks, overlooking the 130-acre Botanical Gardens. The size of single floor plate condominiums varies from 3,700-4,375 sq ft, while that of the sky-high villas (duplex) varies from 6,000-8,000 sq ft. In all, the total built-up area will be one million sq ft.

The project also consists of an independent tower, nesting a suspended clubhouse from 16th to 19th floor. The clubhouse offers features such as temperature control dip pool, business centre with conference facility, fine dining facility like barbeque and multi-cuisine restaurant, gym with top of the line equipment and a library.

The developer is offering all the amenities that complement the modern and discerning lifestyle. The price of condominiums starts from Rs 1.8 crore. However, the developer will provide the price on request, based on the quantum of customisation.

Apart from The Whisper Valley in Jubilee Hills, Koncept has offered several landmark residential projects in Hyderabad, including Ambience Fort, Ambience Anthem, Ambience Canton, Trails and Palm Country, among others. It has recently taken up its first project in Visakhapatnam.

The Botanika will be ready for occupation by December 2012. The developer plans to take up the second phase of the project with two more towers of 23 floors each, which will take another 24-36 months to take off.

MP Agrawal, chairman of Koncept Ambience, says being at Gachibouli, the luxury condominium project makes it the most sought after location, as it is not only in the epicentre of the financial district, but also in proximity to all the relevant IT hubs and social infrastructure like retail, entertainment, fine dining, schools, colleges, etc. At least three five-star hotels and a major commercial complex are coming up near the project. They are expected to be within 1,000 metres from The Botanika.

On the rising competition, Agrawal said, "The immediate competitors in the luxury segment and in the neighborhood are Lodha and Emaar in terms of price tag, but our project has an edge considering its location - close to the IT hub and overlooking the Botanical Gardens."

Tag: Hyderabad real estates, properties in hyderabad, hyderabad property, apartments in hyderabad
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