Hyderabad|India|January'2009: After successfully launching two mega residential ventures, Indu Fortune Fields (Kukatpalli) and Indu Aranya (Nagole), infrastructure major, Indu Projects Limited, today announced the launch of its third mega residential project, Indu City, coming up in Bachupally, Hyderabad, a short drive from Hitec City.

Designed by the world renowned design and consulting firm, Belt Collins of US, this world-class mega residential project is being developed in joint venture with Red Fort Capital and it will be formally launched on January 24, 2009. The project is scheduled to be completed by 2011, and it will have more than 2,000 residential units that suit every budget. Work has already commenced at the site.

One of the special features of this project is that it is being created in a green landscape amidst natural, undulating terrain and water bodies, as an ideal balance between nature and high quality living is conducive to those who seek quality life.

Planned on the theme ‘Designed with Detail,’ the project is expected to cost over Rs 1,650 crore and it will have several features that make the residential community very different, adding convenience to living by having more open spaces and creating a new lifestyle that customers yearn for. Several creative as well as utilitarian features like zigzag balconies, standing balconies, theme gardens, choice of elevations, multiple layers of greenery and podium gardens will be the highlight of the new generation apartments.

The proposed gated community is planned for 1715 apartment units ranging from 750 sft to 3150 sft, and a range of 318 villas ranging from 325 sq yards to 600 sq yards. All lifestyle amenities like club house that includes tennis, swimming pool, squash courts, shuttle courts, billiards, spa, restaurant, beauty salon, pool-side bar, and lots more will be spread across the township giving a new meaning to life. A crèche will also be developed. Other added features are an international school on a 5 acre plot, and a commercial center, which will make the project an integrated self contained development.

Speaking on this occasion, the Chairman & Managing Director, Indu Projects Ltd., Mr I Syam Prasad Reddy said: "As part of our continuing efforts in creating value for customers in today’s challenging environment, we have done everything possible, based on the feedback from our old and prospective customers, to make this new venture unique in many respects. The Design with Detail is the inspired result, which is not only a technological showcase but also a breakthrough in sophistication and design.”

He said this project scores on functionality, aesthetics, and convenience, and offers a great community experience. “This apart, we are the first developer to launch this project after the new G.O. was issued recently offering 5% rebate in stamp duty for apartments under 1200 sft. We are committed to delivering this project by the stipulated period to ensure that our customers in this category benefit from the G.O.” Mr. Syam stated.

Mr Subhash Bedi, Managing Director, Red Fort Capital, said: “Internationally and historically, developers have differentiated themselves on timely execution and resident-centric projects that are in line with customer requirements. In the current market environment, customers need to take these into consideration when making purchase decisions. We are proud to have the Indu Group as our valued partner. Indu City will be a landmark project in Hyderabad that will provide customers with a gainful purchase opportunity and an unparalled living experience.”

Reachout's News Bureau
 January' 2009