Project In Focus: Prestige High Fields by Prestige, Hyderabad
Demand for commercial spaces is rising in Hyderabad which has led to a proportionate increase in residential spaces as well. This phenomenon is noticeable especially in western part of the city such as Gachibowli, HITECH City and Nanakramguda. In fact, Nanakramguda is developing into an alternative location for Gachibowli as it is situated only 10 minutes' commute from the technology hub.
Reputed property developer, Prestige Group has launched a themed residential project in Nanakramguda by the name of Prestige High Fields. PropGuide brings you the major features of this property:
About the property
Prestige High Fields is an expansive gated community privately situated in the northwest suburb of Hyderabad. With an area of 21.85 acres, it is the city's first Disney-themed luxury residential property and comprises of 10 high rise towers offering 2, 3 and 4 BHK apartments. There is a total of 925 units available with sizes varying between 1,283 sq ft and 4,070 sqft. Presently in under-construction stage, the project was launched in October 2016 and will be ready for possession by August 2020. The housing complex is well-equipped with a host of modern amenities encompassing:
- A swimming pool
- A restaurant
- A creche
- A Boutique
- A Salon
- A health club
- A party hall
- A reading room
- Supermarket and ATM spaces
The developer
Prestige Group is a leading developer with a track record of over three decades in world-class constructions. It has successfully delivered 210 projects covering over 80 million sq ft; and working on 65 ongoing projects spanning 56.94 million sq ft as well as nearly 28 under-construction projects covering 31.15 million sqft.
Neighbourhood
Once a sleepy suburb, Nanakramguda is now rapidly developing as a sought-after address for working professionals. Considered as a financial district, the locality is in proximity to leading IT offices such as Wipro, Microsoft, Infosys, Polaris, Cyient, CA, and Capgemini. The area is also known to be a hub for many high-end destinations including swanky apartments and plush villas.
Connectivity
Nanakramguda is a part of Outer Ring Road (ORR) and enjoys sound connectivity to international airport and railway stations as well as to the key destination of Hyderabad like Hitech City via road transportation.
Social infrastructure
The property is near renowned hospitals, restaurants, shopping centres, bank branches, supermarkets, retail shops, etc. Finest educational institutions namely The International School of Business and Hyderabad University are just moments away from the property.
Average price in the area
Residential properties in Nanakramguda have an average capital value of Rs 4,700 per sq ft. Homes of 2BHK layouts have an average price of Rs 55 lakh for an average unit size of 1200 sq ft. Homes of 3BHK layouts have an average price of Rs 70 lakh for an average unit size of 1,500 sq ft. Luxury 4BHK apartments have an average price of Rs 3.5 crore for an average unit size of 4,500 sq ft.
PropGuide's verdict
Since there are IT companies in the vicinity, the property is an excellent choice for professionals who wish to strike a perfect work-life balance. The sellers promise a world-class living experience with good property appreciation in future.
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