- Strategic Location
- No compromise on quality
- Ability to complete in a timely manner
- RERA clearance to Rajapushpa Provincia in February
- 1250 flats sold till December
- New 40-storey skyscraper in Tellapur
- RERA permission for Rajapushpa Imperia
(King Johnson Koyyada)
“The market has been volatile for two months in 2021, but we were able to sell 40 flats per month. Over the remaining months, more than 100 flats were sold. In all, about 1,250 flats were sold in 2021. That too in the Rajapushpa Provincia project alone,” said Srinivas Reddy, Marketing Director, Rajapushpa Projects. Speaking exclusively to the Real Estate Guru on the occasion of obtaining RERA approval for the Rajapushpa Imperia project in Tellapur, he said, “If buyers have faith, one can sell flats even in a bad situation.” He cited his organization as a direct example of this. Excerpts from his interview.
‘Rajapushpa Properties’ has gained confidence of buyers that the company will deliver quality projects in a timely manner. Buyers have realized that we do not compromise on location, design, architectural layout, elevations, modern amenities, and quality of our project. Earlier this year, we handed over the Regalia project at Kokapet and the Green Dale project at Tellapur. Buyers are confident that we will handover the projects even in adverse conditions. Hence, wherever we start construction, we need not worry about sales. Many buyers are always keen to buy properties only in our projects, whenever or wherever we start construction.
40-storey Imperia
The number of new home buyers has increased as interest rates on home loans have decreased significantly. IT professionals are trying to buy a slightly better home because of the work-from-home concept. Interestingly, two and three bedroom flats were sold equally in the Provincia project. Rajapushpa Imperia, a 40-storey skyscraper has been launched in Tellapur. It also received the approval of the Telangana RERA. We are building 8 towers on about 24 acres. Of this, 82 percent is open area. Flats range in an extent of area from 1350 to 2880 sq.ft. Further, some Sun-deck apartments also have been accommodated.
(Box)
Real Estate Guru as well as organizations like CREDAI are creating awareness among people against buying properties in UDS and pre launch sales. Thus, many buyers are understanding the ground reality. The Stamps and Registrations department has suspended UDS registrations. As a result, genuine home buyers are likely to approach branded companies like Rajapushpa to purchase properties. The main reason for this is the confidence that the properties will be delivered within the stipulated time.
