Luxury villas in Hyderabad
Residential real estate in Hyderabad is known for its huge high-end luxury villas today. This cyber hub of India is flourishing well with its booming economy and NRI interest. Property developers are launching new concepts such as the theme-based environment to exploit the opportunities found in the premium housing segment.
“Luxury villas in Hyderabad are designed by renowned architects and follow certain themes, such as ‘Spanish-style villas’ or ‘Italian architecture’, which really appeal to high net worth individuals (HNIs),” Anurag Maheshwari of Hyderabad. Speaking more about the trends, he said, “Under a theme project, everything from the building material, fixtures and fittings to the design of the villa converges on a particular theme and these villas are designed to meet international standards. “.
Meanwhile, builders are leaving no stone unturned to grab the attention of HNI and NRI investors interested in Hyderabad properties. Take, for example, the high-end 100 percent Vastu compliant villas from Landmark builders. The group, after enjoying the tremendous success of its ‘Fortune Villas’, has introduced this concept in its ‘Stepping Meadows’ project, close to the 8-lane highway. These luxury villas in Hyderabad are very aesthetically designed and have caught the eye of foreign investors as they are equipped with all the amenities expected by HNIs, the sources said.
Meanwhile, most of the villa projects in Hyderabad are springing up in the outlying areas like Kompally and Kondapur. Developers are interested in large tracts of land available in these areas, and since land prices are very low, builders expect considerable margins on their projects.
But the gold rush has resulted in escalating price levels in these areas. According to sources, suburban land prices that were in the range of Rs 15,000 to Rs 18,000 per square yard in 2006 have now skyrocketed to Rs 50,000 per square yard. The story does not end here. Hyderabad real estate experts forecast that prices will rise further once the landmark projects come to fruition.