News
& Views on Indian Real Estate
Monday, April 14, 2008
New Projects coming up in Hyderabad
Hyderabad real estate is heating up. First it was the new international airport in Shamshabad earlier this year. And now country’s second largest realty firm, Unitech has invested Rs 9000 crore for two projects it will be developing over a time span of 8 years in Hyderabad. With all these recent developments taking place in Hyderabad it seems it will soon take over the metros like Delhi,Mumbai in the realty business.
For the new-age green consumer and those who believe in sustainable tourism here is a good news. After eco-friendly hotels, India will have it’s first green hotel — The Park Hotel in Hyderabad. The investment in this 280-room hotel, scheduled to start operations by mid-2009, will be around Rs 350 crore, 15% higher than a regular hotel. And it might not be a good idea for smokers to book a room in the hotel as 90% of it’s area will be non-smoking.
Unitech has been advertising its new projects of late.Although these projects are located in the suburbs, they contain tons of facilities so that no requirements are left unfulfilled.