Hyderabad’s real estate market to crash, sales come to a stagnation and many more such news are being circulated by those indulging in the Goebbels campaign against the construction sector in Hyderabad. But the fact is that the development of Hyderabad will not be hampered by this negative propaganda that is being carried out deliberately. The propaganda that the market is crashing or something worse going to happen, is utterly bogus. The Hyderabad construction sector has a history of withstanding even the American subprime crisis. Therefore, in spite of any adverse conditions, there is no harm to our realty sector, said Vijay Kumar, chairman and managing director of Vasavi Group.
Speaking at a press conference in Hyderabad recently, Vijay Kumar said only those who withstand the adverse conditions in the construction sector effectively, will succeed in the realty sector. More details from his interaction with the media as follows.
“Minister KTR is meeting with heads and representatives of various international organisations at the World Economic Forum (WEF) in Davos to explain to them about the investment opportunities in Telangana. The MOU was signed with MasterCard Vice Chairman Michael Froman. Schneider Electric’s Executive Vice President Luc Remont was persuaded to set up the company’s manufacturing unit in Hyderabad. Switzerland-based Ferring Pharma has agreed to invest Rs 500 crore and Stadler Rail has plans to set up a new rail coach factory with about Rs 1,000 crore. Having said that, many foreign companies are keen to invest in Telangana. Already world renowned companies have made Hyderabad their home. There is no doubt that more companies will join this list.
Keeping this in mind, many people are trying to establish a permanent residence in Hyderabad. Hence, the Vasavi Group is now planning to come up with quality landmark buildings to cater to their needs. Two huge luxury gated communities have been launched in this regard, which stand as a testimony of the walk-to-work concept. Vasavi Atlantis is located in Narsingi and Vasavi Skyla project in Hi-Tech City. Youth will love the project, while designs are being prepared such that all the families living in it can enjoy the surroundings. These structures are designed to appeal to everyone from children to the elderly. We came up these modern structures in Hyderabad anticipating the rapid development in the coming days.
Another beautiful luxury project called Vasavi Skyla is coming up on 6.23 acres in Hitec City area, as a landmark project of Hyderabad city. Five towers are being constructed with 32 floors. Apart from Sky Villas, the project will house 3, 3 Plus, 4 Plus and 5 Plus bedroom flats. The flat sizes vary from 2,100 to 7,200 sq.ft. We will build the clubhouse alone with an area of 50,000 sq.ft. We have set a target of completing this project, which is currently under construction, within next three years. We are using aluminum foam technology to complete the project at faster rate without compromising on quality.
Vasavi Group has announced a bumper offer for buyers of flats in Vasavi Atlantis and Vasavi Skyla projects. The company is giving away 27 grams of gold coin for free to those who book flats. This opportunity is valid until June 30. The Vasavi group, which started in 1994, has so far built 30 residential projects and 17 commercial projects. It aims to develop nearly 5 crore sq.ft of space in the next five years.
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