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Hyderabad, Telangana, India
Journalist

Thursday, October 16, 2008

Houses for all classes


By Mouli Mareedu


Jai Mata Di to provide low-cost houses within easy budget for the middle class
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The booming business of Information Technology (IT) and Information Technology Enabled Services (ITES) based companies in Hyderabad, there is certainly a need to meet the housing requirements of people working in them. Apart from the housing needs, there is growth for commercial and hospitality properties too. To meet the growing demand, many real estate firms are coming up with innovative construction plans, suiting all budgets.

Jai Mata Di Villas Private Limited, one of the foremost real estate companies in Andhra Pradesh, is fully geared to work towards fulfilling the dreams and needs of its customers by delivering aesthetically appealing, functionally efficient and decidedly up-market real estate solutions.

Murali Retineni, Executive Director, Jai Mata Di Villas Private Limited says the company aims at providing residential houses to customers at cheapest price in the near future.

"The company's future project (yet to be named), will offer houses at low-price. We will make feasible a 150-square yard house at Rs. 1.5 lakh for the middle class and lower middle class people," Murali said.

Explaining the future project of the company, Murali said that the venture would come up on a sprawling 100-acre area near the Ramoji Film City-Chouttuppal on the Hyderabad-Vijayawada national highway.

As of now, the Jai Mata Di has completed at least 10 multi-structured apartment complexes and 5 real estate ventures like Majestic, China Town, Hallmark, Oscar City and 5th Avenue in different areas of Hyderabad and Vijayawada.

Murali said that the company was now taking up Grandeur venture, on a 200-acre extensive area at Kondannagudem near Kothur-Shadbagar Express Highway road in Hyderabad. "In the project, 400 independent villas will be built on a sprawling 200 acre plot amidst impressive and breathtaking landscape. This sophisticated, serene, recreational and kid-friendly weekend retreat is a perfect blend of contemporary sophistication, best-in-class amenities and natural elegance," the Executive Director said.

"In the Grandeur project, the cost of houses are -267 sq yds - 900 sq ft at Rs 25 lakh, 267 sq yds- 1200 sq ft at Rs. 28.5 lakh, 350 sq yds-1200 sq ft at Rs. 31 lakh and 350 sq yds-1400 sq ft at Rs. 33.5 lakh," Murali revealed.

Construction work on the venture started recently and it would be completed within two years. The project is very close to the Bangalore national highway, six-track express bypass road, Rajiv Gandhi International airport, Shamshabad and 11. 7 km long P V Narasimha Rao express flyover.

"We are aiming to bring the company into top 5, in the country, within the next five years and provide quality construction at low price to customers as per their requirements," Murali added.

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