Released on: April 21, 2008, 2:08 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: Hyderabad\'s new International Airport has triggered the
growth of 15 luxury housing projects around Shamshabad. These luxury villas and
paved roads will be the new face of sleepy Shamshabad, which is home to Hyderabad\'s
new airport. Developers are promising facilities like club houses, swimming pools,
hotels and they say that the proximity to the airport is the icing on the cake.


Press Release Body: Hyderabad\'s new International Airport has triggered the growth
of 15 luxury housing projects around Shamshabad. These luxury villas and paved roads
will be the new face of sleepy Shamshabad, which is home to Hyderabad\'s new airport.
Developers are promising facilities like club houses, swimming pools, hotels and
they say that the proximity to the airport is the icing on the cake.

This area is about 40 kms away from Hyderabad. But it\'s just 10 kms away from the
new airport and this is proving to be the only USP for developers. This Banyan Tree
Retreat project of Mak Projects is one among 15 other projects that are coming up
near Shamshabad. This Rs 800 crore project will have 450 villas spread over 450 to
650 sq yards in the first phase. Developers believe it\'s the price factor that will
draw investors.

Nasir Ali Khan, MD, Mak Projects said it\'s really affordable. \"The price range is
between Rs 1-1.5 crore as compared to city prices which are Rs 5 crore and
above\".He added that these are not just residential projects, several international
companies including Malaysia\'s Sunway, PBEL of Israel and Global Properties of
Germany have set shop here.

Murali K Reddy, Chairman, Sunway Mak said that the land price in Shamshabad area,
especially in and around the new airport, is one-fourth the price of land in other
development areas like Gachibowlin. Considering this, they were able to offer to the
public affordable houses which were luxurious at the same time. Initially, the
developers had planned only row houses. But following a slowdown in realty prices in
Hyderabad, they decided to go upscale and make luxury villas instead.........
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