Real Estate

Patel Realty's housing project in Gachibowli

V. Rishi Kumar Hyderabad | Updated on October 25, 2012 Published on October 25, 2012

Patel Realty has launched Smondo, an integrated residential project in the IT hub of Gachibowli in Hyderabad.

The project is spread across four acres and consists of 180 apartments in Phase I. In the phase II another 180 apartments will be developed.

The average size of apartments at Smondo Gachibowli ranges from 990 sq. feet to 1,435 sq. feet. These are being presented as new age homes--compact and yet loaded with smart features.

“Over 900 units of Smondos were sold out in just three months of its launch in Bengaluru. In comparison, we sold over a 100 units over the 2 days of the launch in Hyderabad” Pravin Malkani, Managing Director, Patel Realty India Ltd.

Bengaluru and Hyderabad, have a large population of young working professionals. These are people who have travelled the world, seen high quality lifestyles and want to enjoy the same conveniences here.

“These apartments provide amenities like swimming pool, kids play area, multipurpose halls, games, yoga, meditation room, cafe, gymnasium and more. Smart Condominiums are designed to offer smart, efficient and affordable living to the customers.

Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India, said, “Gachibowli has developed as a commercial hub and has emerged as a sought-after real estate hub in Hyderabad.”

>rishikumar.vundi@thehindu.co.in

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Published on October 25, 2012
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