The Hindu Business Line : Sri Lakshmi Venkateswara ties up with Karvy Realty, Artha Money

Hyderabad, Dec. 19 Sri Lakshmi Venkateswara Estates (SLVE), a Hyderabad-based real estate company, has announced it has tied up with Karvy Realty, Artha Money and SBI for Andal Homes Villas, a gated community project coming up near the Secunderabad Cantonment area here.

Addressing a press conference, the Managing Director of SLVE and promoter of Andal Homes, Mr Sudhakar, said the price of these villas has been pegged lower by nearly 20 per cent compared to what some of the competitors are marketing their projects.

While complementing the State’s effort to bring down stamp duty for apartments making them affordable, he said the Government could extend support and offer similar concessions for villas as this will spur business in the real estate.

More steps needed

Already home loan rates have been brought down, but some more steps are required to shore up the market and bring back investors to real estate purchase, he felt.

The Head, Marketing and Sales, Karvy Realty (India) Ltd, Mr Rakesh Talwar, said that in spite of the slowdown in the real estate business in the last few months, high networth individuals (HNIs) continue to scout for investments and seek expert guidance.

“Having tied up with several major property developers in the country, including DLF, Shoba Developers, Mantri, Brigade, India Bulls, among others, we help HNIs and also NRIs in choosing a property that suits their requirements,” Mr Talwar said.