SatyaVani Homes build satellite township in Hyderabad
The SatyaVani Homes have announced to plans to set up a satellite township project at Pocharam in the IT hub of Hyderabad with an outlay of Rs 250 crore. The Hyderabad based real estate company plans to develop around 1,800 apartments including 400 service apartments on a 15 acre site in a phased manner over the next five years with the phase one of about 800 apartments likely to be completed by December 2015.
Addressing to the press conference the managing director of SatyaVani Group, P.Suryaprakash stated that the East Hyderabad has emerged as among the most developing regions of Hyderabad where the Ushodayam Project is coming up. They have tied up necessary finances for the phase one with the Bank of Maharashtra.
The managing director stated that the apartments with sizes ranging from 1,000 sq ft for two bedrooms and going up to 1,460 sq ft for three bedrooms would be priced at Rs 2,700 per sq ft. The satellite township in the IT hub will probably be coming up by this quarter. These apartments will have all the basic amenities within the satellite towns that are going to come up.
Source: The Hindu Business Line
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