Project Watch: Sai Krishna Residency, Hyderabad
The Pearl City of India offers many options for buying a property in Hyderabad. Primark Projects is a well-known name in the real estate market of India. It has completed many projects in Hyderabad and has been appreciated for delivering quality products. The builder has introduced its new project, Sai Krishna Residency in Kondapur. Let us explore this project in detail.
The product
Sai Krishna Residency is a ready to move in residential property in Hyderabad. The residential complex has a total of 10 apartments. The units are of 3BHK configurations and are available in two different sizes of 1,440 and 1,535 sq. ft. The structures have been designed with the best engineering skills and according to Vaastu Shastra principles.
For comfortable living and a stress free life inside the complex, Sai Krishna Residency is offering various amenities and facilities. Some of them include:
The builder
Primark Projects Private Limited is recognized for providing quality fabricated properties at affordable prices. Primark Projects was established in 2005 and since then, it has successfully completed several projects. Currently, it has a total of six projects, of which one is under construction. The completed projects include Sri Sai Residency, Vijaya Residency, Sri Ram Residency and Highview, apart from Sai Krishna Residency.
The locality
Sai Krishna Residency by Primark Group is located in Kondapur, which comes under the IT zone and has access to schools, colleges, healthcare centers, banks and supermarkets. The area is well connected to the other parts of the city through a good network of roads and efficient public transport services. Some of the locational advantages of Kondapur are:
Infrastructure and future prospects
Kondapur is listed among one of the top localities to have a property in Hyderabad. It is surrounded by developed areas such as the Hi-Tech City, Tellapur, Banjara Hills, Begumpet and Nizampet. The area is witnessing well-designed projects by reputed builders of the country. It has become an ideal place to live, especially for the IT professionals. There are 83 projects in the area, of which 63 are ready for possession, 16 are under construction, two are launching soon, one is a new launch project and one project is on hold. The area has witnessed a growth rate of 12% in the past year. Earlier, the growth of the area was hindered by the Telangana issue but now, it is slowly catching up. The average returns on investment are between 8 and 14% currently. If we look at the highest price rise of the last 24 months, it stood at 22.2%.
Price trends
The price of the apartments in Sai Krishna Residency is Rs. 3,500 per sq.ft., and a 3BHK apartment measuring 1,440 and 1,535 sq.ft. would cost Rs. 50.4 and 53.7 lakh respectively. The average price of property in the locality is Rs. 4,012, and the prices of the nearby projects such as Nestcon Flamingo, Asvasidh Towers, Technopolis Solitare Richmond and Sark Heights are Rs. 3,800, 3,600, 3,100 and 3,500 respectively. If we compare the prices of Hyderabad property of Kondapur with the other places, we find that Kondapur is 0.14% expensive, mainly due to its proximity to major destinations of the city.
PropTiger.com's rating
Parameter | Rating |
Project | Good |
Builder | Good |
Price | Very good |
Location | Very good |
Overall recommendations
Buying or investing in a property in Sai Krishna Residency is a good deal for both the investors and the end users because of the affordable price tag and the locality price trend.
For more information about the project, feel free to contact PropTiger.com.