As the city, slowly and steadily, broadens its horizons, more areas surrounding it are becoming destinations for dream homes.
The land rate is about Rs3,000-8000 per square yard and Rs 1000-1500 per square feet
Kompally is one such emerging residential locality and Some major players have been quite fast to utilising its serene environs. Kompally's location National highway 7 and its vicinity to the proposed Outer ring roads final phase which is 23 km long from Nagavaram to Suraram via Dammaiguda, Turkapally, Kompally and Dulapally.Koncept Ambience Group has taken up a Rs 300-crore project to create 'The Neighbourhood', a mix of independent row houses, flats and villas at Gundlapochampally, on the outskirts of Hyderabad. Nagarjuna Homes latest venture, Nagarjuna Dreamland, is a 300-flat residential complex in eight blocks spread over 5.08G of land near Runway 9 on the Medchal road.
India's most expensive , most luxurious home in a gated community at present is at Kompally. Named Casa Estabana, the venture is coming up on a 50-acre area in Kompally. Promoted by Hyderabad-based, Omega Shelters, a part of the Ambience Properties Group, the Rs 220-crore project has on offer just 44 homes to be styled and built in signature Spanish - Casas, Villas, Palacious and Quintas - inspired by the Spanish painter Pablo Picasso.
Neighbours, if the buyer is particular about them, include names like Siva Sivani Institute of Management, Satyam Computers, Apparel Export Park, Sherwood Public School and Dhola-ri-Dhani. CinePlanet, a new multiplex at Kompally is the third multiplex after Prasad's and PVR, to come up in Hyderabad. Kompally is attracting corporate giants too.
Source: The Hindu, Cyberabad Times
