Project Of The Week: Sumadhura Acropolis, Hyderabad

Hyderabad is a city that has outperformed in real estate in past two quarters of the current financial year (Q1'FY17 & Q2'FY17) . The city that is home to some of the largest Indian corporations including Nuclear Fuel Complex (NFC) , Bharat Heavy Electricals Limited (BHEL) and National Mineral Development Corporation (NMDC) and some of the major multinational companies, is emerging as a favourite among those looking for residential real estate for both end use as well as investment.

Looking at the rising demand for apartments in Hyderabad, Sumadhura Group has introduced its project Acropolis in the city. PropGuide takes you on a virtual tour of the project: 

The project

Sumadhura Acropolis, Hyderabad is a project spread over an area of four acres. This project in Gachibowli is in a pre-launch stage and offers apartments in 2BHK and 3BHK configurations. While the 2BHK apartments in Sumadhura Acropolis are available in the range of 1,245 sq ft to 1,265 sq ft, the 3BHK units are available in six different sizes varying from 1,600 sq ft to 2,270 sq ft. 

Some of the amenities offered by the project include:

The locality

Gachibowli is one of the leading residential real estate locations in Hyderabad. It is five kilometres away from the Hyderabad Information Technology Engineering Consultancy City (HITEC City) that houses prominent IT companies such as Sierra Atlantic, Wipro and Infosys. This makes Gachibowli a hit among IT professional working in and around the HITEC City.

Neighbourhood: Madhapur, Mehdipatnam, Kothaguda, Panjagutta, Kukatpally

Key thoroughfares: Hafeezpet Railway Station, Outer Ring Road, Nehru Outer Ring Road, Deccan Railway Station, HITEC City Railway Station, Hafeezpet MMTS Train Station

Education centres: Kendriya Vidyalaya, Jawaharlal Nehru Institute of Development Banking, ISB Learning Resource Centre, Sarojini Naidu School of Arts and Commerce

Healthcare centres: Dr Amar's Dental Hospital, Manikanta Hospital, Aakruthi Dental Hospital, Continental Hospital

Tourist spots: Shilparamam, Ramoji Rao Film City, Durgam Cheruvu, Hussain Sagar, Golconda Fort

Future prospects

Gachibowli is one of the stations that will fall on the second phase of the proposed Metro line. This would enhance the connectivity of the area to other key localities of the city. Thus, making property here lucrative. Moreover, there is a 650-meter-long flyover, currently under construction, which will link the locality to the Toli Chowki Junction. The old Mumbai highway will be widdened from 60 feet to 120 feet reducing the traveling time.

The developer

Sumadhura, a known real estate name, was founded in 2005. The company is based in Bengaluru and is headed by Madhusudhan G.  The portfolio of the company comprises both commercial and residential properties. It has successfully completed projects in Secunderabad, Hyderabad and Bengaluru. The group, in its portfolio has around 12 residential projects of which five are under construction.

The price

The 2BHK apartments are available in the price range Rs 53.5 lakh to Rs 54.4 lakh while the 3BHK apartments are available between Rs 68.8 lakh and Rs 97.6 lakh.

PropGuide's verdict

Overall recommendation

Sumadhura Acropolis Hyderabad is a project that can reap good return on investment in the future given the infrastructural development in Gachibowli. For the end users, this project is well-priced and future developments would ensure smooth connectivity with the rest of the city.