PBEL City In Hyderabad Development Corridor

Mr Anand Reddy, Director of PBEL Property Development India Pvt Ltd, an Indo Israeli joint venture, poses with a model of PBEL City, a township comprising thirteen residential and two commercial towers of nineteen storey each on a twenty eight acre area situated in Hyderabad development Corridor in Rajendranagar mandal.

PBEL, an Indo Israeli joint venture real estate company, has pronounced the launch of the first phase of the One thousand two hundred crore rupees PBEL City, a residential-cum-commercial venture, on the border of the city.

The phase-I would have two towers, housing five hundred flats with a cost tag of Rs 41-52 lakh.

Addressing a press conference, Mr Anand Reddy, Executive Director, said the project was expected to be completed in 18-36 months.

Stating that the project was aiming people in the age group of 25-40 and working in information technology, IT-enabled services, banks and airports. Situated near the second exit of the upcoming Outer Ring Road (ORR), the project would have a total of thirteen residential and two commercial towers.

The company had united with L&D, a Malaysian interior design solutions provider, to provide modern interiors. “The buyers, however, could opt out and have their own furnishings,” he added.

After Hyderabad, the company drew plans to take up projects in Chennai and Mysore.

2 Comments

  1. Posted August 29, 2008 at 5:34 am | Permalink

    The Hyderabad Urban Development Authority (Huda) is investing about Rs 6,000 crore for an eight-lane access-controlled expressway. Part of the Outer Ring Road (ORR) project, it would be taken up in three phases. Five agencies are working on this project on a build, operate and transfer basis. This is likely to be ready by 2010. The government would take financial assistance from the Japan Bank for International Cooperation (JBIC) and would soon call for tenders for the project. Also 33 radial roads would be laid at a cost of Rs 3,000-4,000 crore in Andhra Pradesh for better connectivity to the city. Work on four radial roads has already begun. Huda has also identified land for setting up the digital entertainment city and will soon form a special purpose vehicle for the purpose. It is also planning a health city with participation from global players. The government is also intent on developing townships along the Outer Ring Road. With all these developments taking place in the city, it seems Hyderabad will leave all the other cities in the race.For more view- realtydigest.blogspot.com

  2. zaheer
    Posted September 19, 2008 at 3:12 pm | Permalink

    i hope such companies can do better projects in india as hyderabadi ppl are looking for some thing new and unique and i have seen this company sales office they have good and futureistic concept .. zaheer 9949695969

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