Ravi’s Blog

On September 17th, 2006 garam chai Said:

It is interesting that we’re getting to hear about places—Bandlaguda, Peddashapur, Kandukur, etc.—we never heard before.

Yes, I would like to hear about how much it cost you for your property in Bandlaguda—don’t worry, I don’t need exact figures. Is your house already built? If not, what phase of construction is it in and when is it expected to complete? Any more details would help. No, I don’t think I can afford anything at the prices I am hearing about in/around Hyderabad. BTW, where is Bandlaguda?

On September 21st, 2006 Ravi Dronamraju Said:

You should call mohammed, mentioned in the post. apparently, the current price for those houses is Rs. 1.2 Cr

On September 29th, 2006 rajan Said:

Ravi dear, does not Mohammad have a mail ID? I am interested in buying a plot in Mapletown. Fm what u have written, sounds like a genuine company. Can you guess price per sft or sq yd?

On October 7th, 2006 raj Said:

i am looking for second sale from this propery.. kphb, hyderabad. they are all sold out
what is the best way to contact if somebody is interested in selling?

On November 23rd, 2006 V Madhava Rao Said:

Hi All,

I am also from Radha Realtors Pvt Ltd.

Thank you Mr. Ravi for having great trust in our company.

All of you can contact me if any support required for our projects like Oxygen City, Maple Town, Dews Ville.

If someone looking to buy plots (Resale) in our old ventures like Green Lands, West End Meadows, Fortune Meadows and also to buy plots in our new project Oxygen City, kindly email me at radharealtyindia@yahoo.com or call me directly at +91 98491 34545.

Our website http://www.oxygencity.in will be ready in next 7 days and can be accessible.

To Mr. Sardar’s attention we are collecting only 30% of the total sale consideration now with booking and balance money we are collecting once we are ready with DTCP approvals. This clearly shows our intentions and committments towards the project. If we wait till we obtain DTCP approval and we start selling we will have to charge more as our investments will be more and we are giving the benefit to the buyer by giving them the best of the best price we can by collecting some part of our investments.

Thanks,

Madhav

On November 27th, 2006 Hi Said:

Hi all,

It is intresting to see all these compliments about Radha Realty.

I think these people has to rethink on their comments.

Thanks
friend

On December 7th, 2006 mohammed Said:

Hello everyone,

Thanx Mr. Ravi for having put our projects maple town & oxygen city on your blog. Thanx once again. I would like to notify to all those who been following this blog that yesterday we recieve HUDA approval for Maple town and the current price as on 6/12/06 is Rs.1.35 crores per villa. we have about 10 of them out 240. The registration would start from December end. we would be arrang about 90% as loan. For those interested in our plots you can visit our website http://www.oxygencityinfo.com or call me personally on 9849231784. Thankyou verymuch.

Mohammed.
9849231784

On December 18th, 2006 Chalohyb Said:

Mr.Mohammed or Mr. Madhava rao,

Can you provide an update on your Dews Ville venture? Is this HUDA approved? Can you also clarify why Radha is so slow with approvals and development? Some one above mentions that not even your first project is completely developed.

Thx

On January 4th, 2007 Hi Said:

Hello Mohhammed,

can yu provide the HUDA approval file number?

On February 2nd, 2007 Pallavi Said:

I dont get one thing…. how come there are three sites maintained for oxygen city?
a) http://www.oxygencity.in
b) http://www.theoxygencity.com
c) http://www.oxygencityinfo.com

????

On February 12th, 2007 Srinath Said:

Hi All,

To all the NRI who ould like to purchase land or Villa or Apartment in Hyderabad, Bangalore or Chennai please do your homework properly. Do you guys really know where Oxygen City is. Do you guys know where Bandlaguda is?

Being in U.S or other parts of the world you can easily get carried away by these fancy ads and the guys in India will give you a picture that if you don’t buy today the price will increase tomorrow or the next. Please don’t listen to that bullshit. First do the following:

Go and see the plot.
Look at the approach roads.
Look at the possibility that the area will develop in the 5 years or even 10 years if you want to park the money long time.
Talk to a lawyer and see if the papers are right.

For Example: I visited Metrocorp.in property in north of Bangalore. Around 10kms from Yelahanka(If you know where it is). I came to know about this project when I was in U.S in 2005. The sales person at that time gave me an impression that it is very well connected and appraoch roads are very good. I finally went and saw what this great looking gated community on paper will look in reality.

After travelling 25kms from the center and going into couple of villages in those dirty and pot hole riddled roads I find that not only this project has no roads in the community it does not have any water or any link with the Bangalore municipality.

There is a 180 degress shift from what was advertised on the web metrocorp.in and what the reality is after 2 years into the project?

Yep, this project is supposed to get completed by the end of this year. I doubt if this project will get any where close to completion by end of 2009.

Moral of the story is:Don’t believe what you see on the internet. Don’t believe about the distances that they tell you. Don’t believe that your money will appreciate 10 times. The values of the property are artificially elevated and dilution of the land is increasing because of the increase in infrastructure which cannot justify the value of the land. One preliminary calculation I did shows that it will take atleast another 50years to fill 50% of the land that is already plotted and sold in Bangalore and similar statistics in Hyderbad.

So buyer beware.

Srinath

On February 14th, 2007 kris Said:

I advise everyone especially, NRI friends to hold their horses for the time being. Hyd realty market is overheated and it is not advisable to invest at this
hour. especially, when the interest rates are soaring.

No one has visibility of the appreciation and sustainability of Hyd economic growth in the coming years. Market is filled with speculative buyers and the market may crash.

But I advise those in need of a Home to go ahead and buy ( to reside but not as an investment ). but not at the hot locations like Gachibowli / Hitech city / Intl Airport . They may look at locations like Secunderabad, Vanastahlipuram, Neredmet X roads, BHEL where the prices are slightly lower than the rest of the city.

Future growth of the HYD city is likely to be vertical and 200 SY plots may of no use in the future as people may prefer to stay closer to the city over residing in dupley far away from the city.

On February 18th, 2007 skk Said:

The reason there are 4 websites is because all of them(mohammed/madhava rao etc) are outside agents who market for Radha Realty. Since Radha has to pay them comission for every plot that they sell, you are better off going to the company as they can give you a discount since they dont have to pay the comission to the agent.

Hope this helps.

On February 19th, 2007 Ram_delhi Said:

Hi,
Does anybody have a feedback on Greenhome Princeton at Kottur on in the Bangalore Highway? The plottig looks good with community center, pasrks , 80 ft roads ec. However during the final negoiations they told me that the final DTCP approval is awaited within a coupe of days and right now they arecharging only 25% of the amount. Cost per sq. yd is 2600.
Any comments, suggestions on this venture an its locational advantages/ disadvantages will be most appreciated.
Thanks in advance..

On February 22nd, 2007 Kumar Said:

The reality is that Indian economy is growing rapidly, for a guy like me who visits India every year, I am seeing a major change in how fast things are moving and how attitudes are changing. What was a huge sum of money 3 years back seems to be not a big deal anymore. Salaries have increased, mindsets have changed. There is inflation due to demand and also due to perception. I dont think anyone of us can even imagine to find land in Bangalore or HYD at Rs.600 per sq ft anymore, the current rate stands at close to Rs. 3000 on an average. This wasnt the case before.
Added to the effect dollar continue to remain at artificially high numbers, it would probably take very little time for the dollar to come Rs. 32 or Rs. 33.
This is surely playing a role in increased repratriation and hence the rise in stock market in India.
So effectively, for an NRI, it doesnt really make sense to invest later than now even considering the fact that things have heated up so much in India.

I also notice that people think that they would rather prefer to stay within the city limits than on the outskirts. Well, think about what has happened to the downtowns vs. the suburbs in the US. Clearly, the downtowns are less preferred for reasons such as noice levels, crime levels and the very fact that you cannot live a life among 4 walls for ever. I think this would be the case in India too. Commutes have shortned due to availability of cars and to be frank much better roads than what existed before. The concept of Mass Rapid Transit being introduced in Bangalore and Hyderabad is going to shrink this distance dramatically.
Bottom line, dont worry about things slowing down in the near future, globalization is clearly playing it role to bring things even for the west and India. And we all know India going for India has still a very long way (60 years atleast with the current rate of growth) where it is at some sort of equal footing with US and the rest of the west. And I dont think it can be stopped for both parties (developed and the under-developed ) since we have already come a long way since everyone especially the netas have tasted success.
-Cheers!
Relax and enjoy the journey towards a success and prosperity!

On February 23rd, 2007 Ravi Dronamraju Said:

Here is a property that was sent to me.

——————————————-
Note down these details:
Gowtami Paradise,
Kondapur, Beside Deccan Chronicle,
Adjacent to Chirec Public School @ Aparna Heights.

5th Floor Flat For sale 1750 Sq.ft.@3200/-expected to
be completed with in 2 months maximum. (including car
parking) The Seller alreadytook loan from HDFC bank
Rs.17 lacs. paying emi’s. and the builder is now
selling the leftover flats for @3500/-per sft.If u r
interested call me now.
———————————
If you are interested please contact Mr. Ravi Kumar at +91-98491-06810

On February 27th, 2007 Balbeer Said:

Hi all NRI’s,

Interesting blog. I am NRI too from Singapore and planning to sell one of my plot before NAGARAM,SHAMSHABAD. This is in Green City Venture and with DTCP approval. If anyone is keen I can send details.
500 yards EAST facing.
balbeer_b@yahoo.com

On March 1st, 2007 Kumar Said:

Laxman,

Actually I am thinking to buy a plot here as per the info on the oxygen city site. But when I was searching for some info on this, I could find your msg here. Could you pls let us know how much was the price quoted for you? I heard it is around 2800 per sq. yard. They told that it comes under greater hyd too.
Can you pls give us more info on this?
Thank you.

Kumar

On March 3rd, 2007 Laxman Said:

Kumar,

btw, forgot to add, It will not come under greater Hyderabad.
Here are the ares comes under greater Hyderabad(taken from HINDU news paper):
—————————–
The municipalities proposed to be included are L.B. Nagar, Gaddiannaram, Uppal Kalan, Kapra, Alwal, Qutubullapur, Malkajgiri, Kukatpally, Serlingampally, Rajendranagar, Patancheru and Ramachandrapuram.
The Gram Panchyats are: Shamshabad, Mamidipalli, Satamarai, Jalapally, Mankhal, Tukkuguda, Sardarnagar and Ravarala.
—————————–

On March 3rd, 2007 Glass Said:

Mohammed/Madhav Rao,

When does Radha Realty plan to develop and get HUDA approvals for Fortune Meadows, Kismatpur?

On March 4th, 2007 VR Said:

Hi

I recently paid advance for a plot about 500 sq yards near Balapur. Its supposed to be 5kms from the proposed airport. The area is under developed yet. Is anyone familiar with this location and its prospects.

Thanks

On March 8th, 2007 sk Said:

FYI …

Oxygen city will not fall in greater hyd. It will come in the jurisdiction of proposed hyd. metropolitan authority( extension of HUDA).

On March 9th, 2007 Sudhakar Said:

Dear friends,

It is nice to see all the comments here by people who have invested in radha Reality properties. I like the way these pople conduct themselves. I have invested in their Dews Ville Project and am waiting on the approvals for the project to come. and am thinking of investing in one of their later ventures too. If there is anyone else here who also invested may be we can share some notes and understand the situation together.

On March 11th, 2007 Srini Said:

Hi,

It is interesting to see that many folks mentioned in this blog have bought or looking to buy, or skeptical to buy from radha realtors. I have also bought in one of their ventures. I did interact with Mohammed, during my visit to Hyderabad and I think he is reliable to the extent of what I have seen. Sudhkar: One of the responder to this blog .. I can share my notes about Dewes Villa, Green lands projects.

On March 12th, 2007 Sat Said:

Sudhakar & Srini,

I have also invested in Dews Ville. Apart from some concerns about the delay of the project, I am happy with my choice to go with Radha as I believe they are reliable and I allways get consistent, timely response for any of my queries. I can also share my notes and experience with you guys.

Sudhakar, I will send you an email.

On March 17th, 2007 Sri Said:

There exist numerous layouts all along Sri Sailam Highway, all the way upto ~30 kms from Outer Ring Road. All these layouts came up in anticipation that FAB CITY, Hardware park, Nano technology park etc., are coming. During my recent visit to Srisailam Road, I saw nothing but mere display of boards and shabby Srisailam Road. I am concerned about many buyers (both NRIs and local citizens), who bought plots and put all their hard earned money.

I hear lot of stories about Promod Agarwal, Sem India. Does he have the capability to raise 3 billion dollars as promised through his company. Or is he playing the games of powerpoint presentations, grab the land and in turn try to sell to companies. In effect, is he a coordinator, who manages other people money or an Entrepreneur, who is willing to bet his money in what he believes in.

Enterprise is good. India needs FAB CITY. There are tremendous opportunities in the chip business. However, should the proposed fabcity does not materlialize, many people who invested in the plots there lose their shirt/hard earned money. It is both Government’s and Corporate responsibility not to mess with the lives of innocent people by creating hype. What kind of commitment government had in ensuring the proposed Fab City. Is it coming in fact? Is government putting its best effort. I look forward to hear statement of direction from Sem India as well Government of Andhra Pradesh

On April 3rd, 2007 Oscar Said:

hi, can someone tell me how much would a sq. yard of land in Uppal is currently costing. This land is close to LFJ and 2 min. by walk to the GE call center. I am hearing rates that differ by huge margin.

Thanks
Oscar

On April 7th, 2007 whatever Said:

There is too much of talk about the investment in the real estate in place like Hyderabad and Bangalore etc. I did a quite a bit of research when i was in India couple of months back. I personally feel that its not worth investing in hyd or ban’lore on rela estate. Do you know sq.f in hyd is more expensive than Manhattan (NY) How hight can the price go up… there has to be a limit. My intension was to buy a property in Hyderabad but after looking at the situation and talking to real estate agents and frriend. i decided not to buy any thing in hyd. I ended up buying a agriculture land (between kakinada and vizag) We work out tail off here in the US leaving all our friends and families and some fraud real restate take you for a ride.

On April 9th, 2007 RSA Said:

I had seen around places and it’s not worth investing at all. We work hard to earn every penny here, by leaving the family behind in India and within 2-3 years every thing is overly hyped. I cannot call this a wise investment. There is a limit for being optimistic, it not that we buy a land at hyped prices and expect a 200% ROI. There are people who bought plots near Singapore township and not they cannot even sell it now. It’s the same case in many places. Please don’t buy until you or your close relatives go and see the see the plots personally and see if there is proper registration. Everything is Hyped, just because people like us (NRI) are trying to invest all the money we have and expect a good return, but with the hype and over price, it looks like you will totally loose your investment. If we stop buying land for a while, the whole real estate market will come crashing. It’s happening now in Vijayawada and Guntur districts and it will soon happen in Hyderabad too. I’ll advise you all to wait for atleast 6 months before you invest on land. I had been to India recently and I had seen things there, whatever is on the website is very false from what you see in person. No one is honest to post the real photographs, everywhere you see there are photographs from USA or Europe. Even the IT market will come down in a few years for sure, in the sense the salaries will be less when compared to what you are being paid now. Now that the projects are being outsourced to many other countries like brazil and china, we will soon loose our edge, if we are not really competitive. The only reason for outsourcing is cheap labour and cheap real estate, but when they both are on the high, there is no reason for them to do outsourcing. If they want skilled man power they can very well increase the H1 Quota. I see many people in trouble who have invested high like 75 lakhs on an apartment and paying 25,000+ in mortgages. If you are an NRI it’s ok, but people who work in India get these big loans and have big mortages, thinking they will have the Rs.50,000/month job will be there for ever, but what will happen if he’s out of the job for few months, of if the IT market crashes. Think rationally and that’s what defferentiates humans from animals.

On April 11th, 2007 Chandra Said:

Hi,

Does anyone have any info / comments / feedback regarding Lovern’s Paradise - promoted by Vasundhara Projectson Srisailam road. I was considering buying a plot there. Here’s the info I received from one of the promoters today:

“It is just 4km away from Kandukur village on to the north and just 3km away from Karthal village towards the south of Lorvenʼs Paradise. The Srisailam Highway on the east is going to be made into a 4 track highway. 700 acres IT Park at Mutcherla is just 1.5km away. Fab city and outer ring road is just nearby. The present layout of Lorvenʼs Paradise is 110 acres. It is yet to be developed to 250 acres.”

Like many of you I too am an NRI, intending to invest in landed property for the long term. Will be grateful for advise (specific to this layout please).

Thanks - Chandra

On April 12th, 2007 Sridhar Said:

Guys. You are going to be dooms very soon. Becareful if you investing on real estate. I just moved back to India from US. I am getting the same salary what i was getting in the US. Do we still have edge over other countries for Outsources to come and setup shops in india ?? Think about it. This is not good guys…

On April 15th, 2007 mohiddin Said:

I am Dubai based.Wish to buy a smalll plot to build a house to reside and not as investment.I have a first floor flat on gachi Bowli main road..500 mts from cmc/iiit/isb.Can some one suggest a suitable plot of 22–300 yds near gopanapally/tellapur areas..

rgds//ghouse

On April 21st, 2007 AJ Said:

Hi all,

Looking to purchase site of 500 sq yds @ proposed oxygen city.
Iam quoted a price of 3000/sq yd.

What do u advice! Iam away from india for some time now..
Your advice would be highly appreciated.

Thanks
Aj

On April 24th, 2007 Glass Said:

Hi ‘With a Ton of salt’, is this in Fortune Meadows?

On April 25th, 2007 Trip Said:

Hello everybdoy,

I am looking to buy a land near Shamshabad. Some one i know is come out with a venture, its 10 km from internation air port. They offered me Rs.3000 Sq Yd. they have 1000 sq yd plots. Is this a good price to pay.

On April 28th, 2007 Anish Said:

Hi,

Fab is seems to be hype and i don;t have faith they have capability, don’t believe the all the news. AMD is struggling to raise the capital after ATI was acquired and recent quarter they were announced that not looking to set-up any fabrication unit and they were trying to outsource the fabrication to Taiwan semi conductor or others. I am not sure about Intel, in the recent news intel set-up the fabrication in china and vietnam. Texas instruments also don;t have any plan. Can anybody name it what are the companies willing to set-up fabrication units in india.

On April 30th, 2007 prt Said:

Oxygencity, you can pay maximum of Rs1200 Per SQYD. They might’ve bought the whole 700 acres at max for 15 Crs. Which comes to probably Rs100 per yd. with all expenses. Add another 100 for their ads and commissions. Any thing above Rs 200 is their profit.

They are making people to fall in through their ads. They want to cash in during the market peak. So buy it if they offer for Rs1200 per Yard and hold it for 10 to 15 years to see profits.

On May 4th, 2007 praveen Said:

Hi guys,
I have an offer for a plot near shamshabad airport for Rs3200 but not DTCP approved. It is 2 kms from boundary of airport. Its approved by gram panchayat and registration is done at gram panchayat too.
Is it ok to purchase that plot? When I went to hada web site, according to a GO, this area comes under HADA.
If purchase now without DTCP approval, what kind of problems arise in future.

Thanks

On May 16th, 2007 kondativi donga Said:

Hi All,

If somebody sees the yesterday news paper in eenadu or vaartha you will know the fact… Real estate boom has come down to earth(zero) now… Now Lets ask mr mohammed or madhava rao… r they still selling mapple town plots at 1.35 crore… or lets ask for statistics …how many people bought the villa from them with a price range of more than one crore… i bet …it would in single digits..

Even though radha realty is genuine one… its agents are hiking the prices like anything…

Beware all NRIs..

On May 19th, 2007 Anish Said:

it is not worth to buy places at hyderabad or anywhere, it will godown very soon. people know that hype and none of them come to reality like fabcity..I suggest we can wait one more year and get for half-price.moreover rupee is appreciating against dollor and immigration problems , interst rates and us econamy slowdown definetily impact on land prices.
take an example of usa housing market and subprime issure.still indian markets were not seen any subprime mortage issue..once that is started it falls like a rock.

On May 20th, 2007 srinivas Said:

Best places to invest in hyderabad are…

1)Nallagandla&tellapur(around 10000)
2)bachupally(6000-7000)

On May 29th, 2007 Venkat Said:

Hi Friends,

This is venkat Real estate consultant working in hyderabad. dealing with lands & plots. don’t invest blindly with your hard earn money specially for NRIs, according to my knowledge lahari green park Bhanoor is very very good compare to oxizen city. apply thought. Contact me for valid suggestions.

Thanks & regards
Venkat.
9885715039

On June 14th, 2007 Mohammed Said:

Hi,

This is Mohammed here. Thank you one & all for being with us. I am sure this blog has some supportive and negative comments about us. First about the Maple town phase I, it is approved by HUDA. Most of the development works are completed and we will be having the Final approval in about 15 days. The construction is starting about 45 days. I will keep all you people Posted about the developments of Maple town.

We acknowledge the fact that there was delay with our projects but they were all procedural. If there is anyone who lost because of the delay, it is radha realtors, not its customers. Because we offered the Plots/houses at old price only which were booked by paying minimal advance. We never denied any customer of his plot/house in any of our projects because of the price appreciation. Example: We sold good number of houses in dews ville @ Rs. 1 crore by taking a booking amount of Rs.5 to 10 Lakhs. Today we have got the HUDA approval and the price is Rs. 3 crores per villa. we honoured all our old commitments despite the price hikes. I think and hope that this will clear any doubts you have about the company.

We at Radha realtors believe that its our customers who have built our company and we respect them for that. I have an open offer for all the customers who are unhappy with us. We are ready to buy back your plot/house at the current market price.

Call me on +91 99660 86868 / 98492 31784 for any further details or queries. Email me on mohammed@radharealty.com.

Regards,

Mohammed Mohibullah
Mobile: +91 99660 86868
Email: mohammed@radharealty.com

On June 14th, 2007 Sat Said:

Srini Rachamalli,

I am glad to see a marketing agent of Radha participating in this forum. I think you guys should participate more to have good healthy discussion and not just for marketing purposes.

I am a customer of Radha(not in Maple town) and I am happy with the service I get from Radha’s marketing agents and I feel the company is transparent in regards to pricing i.e I was clearly told at what prices the transactions happenned before my deal. Prices do vary based on market conditions and I negotiated my price based on my own research and comfort level.

However, I need to express my concern not against the marketing agents but the company itself. Why is Radha very slow in executing the projects? I do trust and I would consider buying another property with Radha. However, your projects drag on for years. Its taking years to get approvals and then the work is also very slow. Can you explain why this is happenning and what is company’s plan to speed up work. Lot of times, customer is facing lot of tension and agony because of delay as we are unsure of our investments unless we occupy and take posession.

Your comments on my concern is much appreciated.

On June 19th, 2007 TJR Said:

Hi Everybody,

I have plots for sale at Narsingi & Manchirevula, sizes ranging from 300 to 1200 Sq.yards. These plots are just 1km away from the outer ring road & only 4km Wipro, Microsoft & ISB. If interested you can call me on 99852 33339.

Regards,
TJR

On June 22nd, 2007 Sam Said:

Hi TJR,

Could you please give me more details about the plots you have near Manchirula, what is the cost per sq yard and is this plot is in approved lay out.

I am interested in a 300 to 500 sq yard plot. contact me on sameeuae@gmail.com

Regards
Sam

On June 28th, 2007 RAVI Said:

Have any body taken house at Silver Oak, Cherlapally, Hyderabad. Intrested in knowing more about this venture.

On June 28th, 2007 RAVI Said:

Have any body taken house at Silver Oak, Cherlapally, Hyderabad. Intrested in knowing more about this venture.

On July 1st, 2007 Venkat Said:

I have 200 sq yds plot near APPA (Outer Ring Road Phase I). 3rd plot from main road, Residential zone, Just 1km from the APPA. very near to ORR. Manchirevula 3km through ORR, Shamshabad 12km through ORR, Gachibowli 10km through ORR, lakdikapool 11km. I want to sell this plot 10,000 per sqyd. clear title, interested people plz contact me on 9885715039.

contact venkat
9885715039.

On July 6th, 2007 Sumanth Tarigopula Said:

I have a New Super Deluxe luxury flat for sale at L&T Infocity in Cyberabad Guchibowli.

Flat details: 1853 Sq Ft, 9th floor, east facing, 3 Bedrooms attached bathrooms, drawing, dinning, kitchen, store, pooja room

Spread over 31.59 Acres of clear titled land, minutes away from Golf course, Business school, Ring Road, Stadium, Cyber Towers etc.

Amenities include Club House, Shopping Complex, Community Center, Swimming pool and Recreational Facilities.

Contact Detail:
Prasada Rao - +914023313876
Sumanth Tarigopula - 972-333-7335, starigopula@yahoo.com

On July 12th, 2007 Naids Said:

Hello Mr. Ravi,

Concerning your question of Silver Oaks in Cherlapally, yes we have a plot in the phase 1 which was booked by us last March and we are scheduled to take over the possession of our house this month end. This project belongs to Modi Properties of the Modi Builders fame and all details concerning the layouts, floor plans, specs, pricing, availability etc.. are explained in detail here :www.modiproperties.com.

Just sharing our personal experience here, the project is being handled very well by them and so far they have committed to what they have claimed in all aspects eg., maintaining the construction schedule as promised, the service is excellent with proper updates on status of construction happening and so on…

Hope this motivates you to proceed further.

All the best !

Naids

On July 18th, 2007 sridhar Said:

Guys,

any one hear about Maharaja Builders? http://www.maharajadevelopers.com/index.html
2000R.s/per sq.yard. what you guys think about investing in this venture?

please let me know ASAP, as i am leaving to india in next week.

On July 26th, 2007 Vinni Said:

Did anyone purchase a plot from Snehita group/VNR Tourmaline?
They claim it as HUDA approved venture which is near Srisailam hgwy.

Guys, please share if it is a good investment.

On August 8th, 2007 Ravi Lingala Said:

Hi Everybody,

I have couple of propeties for sale nr dilsuknagar .side by side planning sell one of them .

1.East facing double stored building .plot area 220 sq yards .Ample bore & drinking water.currently Fetching app Rs.20,000/-rents .
55lakhs
2.south facing plot 216 sq yards old contruction .suitable or re-contruction .
36lakhs
need any future details do not hesitate to mail me at rkanth007@yahoo.co.uk.

Regards,
R G Lingala

On August 13th, 2007 Venkat Said:

I bought 500 sq yards plot in Oxygen City nearly 6 months ago, Till now no registration, no approval, I got couple of mails saying that approval will come August 2007 and registrations will be done in by end of august or early september.. If any one from Radha reality is participating in this forum, can you please give the status? Are you really close to getting the approval? are you planning to start the registrations anytime soon?

On August 15th, 2007 Bala Said:

Hello Subbha Rao,

I Couldn’t reach you on given number 99660 09777. Is this correct number! Please let me know.

Bala

On August 19th, 2007 Manohar Reddy Said:

Hello Guys,
I saw the SRR projects website about 3 of their independent house projects. The one closer to maytas is around 82L, the other ones are around 65 and 55L. Has anybody booked in these ventures? Are they good developers? Please respond

On August 20th, 2007 Krishna Said:

This is a great blog guys. Thaks for everyone’s contribution’s.

I am looking to buy a plot in around the IT corridor and this blog provides an insight into the Hyderabad Real Estate.

On August 21st, 2007 shashank Said:

To,
All the NRIs.

Hi,

You can’t visit all the prospective places where you want to buy a real estate asset but few you can definitely visit.
Before even visiting those places just check the Google maps of those areas so as to have an aerial view of those areas which will give you the proportionate distance as well as the major road connectivity from the city center. This will help you in rejecting an area out rightly and also planning for your visit to that area.

Bye,

Shashank.

On August 23rd, 2007 sri Said:

Hi Everyone,

I have a house in hyderabad which I want to sell, please the below details of the house.

===========

The House is located in J.P.Nagar, Opp.Bharatnagar Colony,Moosapet.Plot size of the house is 228 yards ( West Facing ) and the house is finished with two floors G + 1 (around 3000 sqft) and second floor is semi complete (like slab, plumbing has been done).The house is equipped with the bore well and has Manjira water supply and is very convinient to market, schools, hospital, banks and 10 minutes drive to Kukatpally. I am looking for only serious buyers and if you are interested contact me at ( 9246203493 or 9963895200 ) Any reasonable offers will be accepted.

===========

Thanks.

On August 26th, 2007 Gaurav Said:

1. This is not a direct response to your questions Reality, but I was in pretty much the same situation, and hence I think my experience may be of use to you.

2. I am from the salaried middle class too, and had deposited an initial booking amount of 1,43,000/- with GREENHOMES for Plot no (as it was then) 1327 in PRINCETON in Feb 2007 on an assurance from Mr Ravi from the same company that in case i was unable to arrange the balance, i would get 100 % refund.

3. I had to go abroad on official business, and was unable to arrange the finance and hence cancelled the booking (where plot Nos had already been changed!). GREENHOME kept me hanging and I had to make numerous calls to MR HARI BABU from the U.K. where i had gone on Govt duty. He never bothered to reply either by phone, or even by SMS or e-mail.

4. Eventually, after a long time they returned only 1,14000/- saying 20 % deduction was ’standard practice’. As an air force officer I can’t afford this, and am now in the process of approaching police authorities as well as the AP Govt regarding this.

5. My only advice to you would be to make sure you have a legal document that clearly states that in case of cancellation of booking, you will get your refund. Also be careful of GREENHOME changing plot numbers after booking. A few of colleagues who have booked in PRINCETON are now caught in this.

6. All the best. i wish the Govt had better regulatory mechanisms to safeguard the interests of the middle class from unscrupulous companies such as GREENHOME.

On August 29th, 2007 Reddy Said:

Aparna

On the merit of the reaseach , Aparna consturctions is a very succesfull company and in terms of the real estate investment that was probabaly the most enticing once till date…

I am not aware of Aparna Sarovar though, I initially planned to get a house in Aparna Constructions in the month of Jan 07 but the prices shot up again till I pooled the money in for initial deposit so had to change my plans for some thing else, Heard that the first house in Aparna was sold at 38 lakhs and today its worth 1.8 Cr, wow … 600% returns

Thanks
-Reddy

On August 31st, 2007 Reality Said:

Thank you for the post, Gaurav. It was very helpful to me and will help with my decision making process.

As for Aparna constructions, I too heard from good feedback on the company as a whole. Their web site is probably one of the better ones I have seen among local companies.

On September 7th, 2007 Ram Said:

Hello,

I am planning to purchase a duplex house in Journalist clonoy, Jublilee hills…around 4000 sq.ft and 175 square yards. WHat are the rates (per sq.yard, per sq.feet) at this location. How much I can get this house for?

Appreciate any info you could provide

Thanks
Ram

On September 10th, 2007 darkblue Said:

People are being cheated by realestate comapnies who do ventures at shamshabad in different methods.
1 - They allot you one plot and give you another one.
2 - If you are paying in installments, and if somebody pays more than what you are paying and you dont get that plot.They will cut some percentage form your total amount and pay the rest (if you r lucky)
3 - Without DTCP approval , they will make you buy land
4 - Finally, if it wont come, they wont pay money

B careful in buying land at Hyderabad.Pls dont invest all your hard earned money on lands.Enjoy by putting cash in banks or stocks or bonds

On September 10th, 2007 MZAQ Said:

Hi Folks,
I recently bought plot at Chalapathi Texas. This is off Srisailam HW. Venture seems 2 b good and the company has a good track record of doing about 23 ventures since 2001. ( in Maheshwaram, Kandukur & Kadthal. If anybody is interested, pls contact me on +91 99120 63136 or email at
Regards / MZAQ

On September 12th, 2007 gsr Said:

sorry
global vision but gully mission

On September 21st, 2007 sridhar Said:

I am very concerned for all the people who are investing into places like maheswaram,bandlaguda etc.Request every one to understand that real estate will also correct and the prices in these so called future cities have gone down by 50-60% in the last few months but there are no buyers.Please realise how many of you have visitted these sites before makinga decision to buy.Why woudl prices appreciate in real estate -only when demand is more than supply and there is an end use of the land.All these future cities would take 15yrs to come up and live.There is no super market in kondapur year till August 2007 it took nearly 10yrs,which is the heart of hightech city,so imagine how long will it take for these areas to comeup.Tellapur and gopannapalli would yake 5yrs for it to become livable so these future cities you are paying prices which are 10-15yrs forward.JFor all the buyers who are buying houses to live remember comfort and happiness comes only when you have the necessary amenities around you like super markets,malls,hospitals,i read Mr Reddy writing he bough the house for his parents comfort ,what happens if there is a health urgency in these areas.Just understand whats happening in US Housing market and subprime and the same could repeat in India too in the next few years.SO BE WARY OF THESE INVESTMENTdecisions on whetehr you would like to take such speculative positions.

On September 25th, 2007 Ram Germinate Said:

Hi All,

Everyone talking about the ventures which are 40 kms away from the Hyd city. and thre are lot many plots still vailable within 20 kms radius from the city with the reasonable prices. If any one interested, feel free to contact on 9885 06 06 06.

Regards,

On September 27th, 2007 Ravikanth Said:

Hai Guys

Im Thankfull to this guys who has raised there voice about really what happeing hyd.As are staying in U.S we think everything in rht way, but pic is different over thre we should considere few impt ponits before buying any land

1) Whereth venture is approved or not .
2) what is LP no(lay out no).This will give us clear pic.
3) So far how many venture Co has complete in development or construction.
4) What type of Const there are going to provide and how long it will take to complete,if it get dealy there are ready to pay any dealy charges as we get in US.
5) Please check the Lay out number with HUDA also.
6) Wherther is bank approved or not.when we can go for registration or how long it will dealyed.

On September 28th, 2007 Sanjay Said:

Hi Guys,
I have bought a flat in Banjara Hills constructed by santha sriram very well reputed builders in Twin cities. These flats are built right across the GVK One mall.
Can you guys comment on it if it is a good investment?
Sanjay

On October 7th, 2007 Hyderabadi Said:

I am planning to buy an independent house in hyderabad preferably in Hitech city neighborhood in the next few months. What is the average home price? Does anyone have Comps (Comparative market Analysis) ? Can any one recommend a good real estate agent?
Thanks in advance.

On October 15th, 2007 Germinate Properties Said:

Hyderabad is most happening city in India. Today the city of pearl is a part of any global conversation as New York or London. Listed among the world’s most sought after destinations, Its spectrum of development is widening as the city’s planners concentrating on infrastructural progress and economical maturity. Over the last few years, the city has been expanded with rapid developments and it’s been a prime choice for investments / residing.
We would like to help you in finding prime property in the city of Hyderabad.
We have Huda approved plots (ventures) just 15 kms away from the city in Medchal Road and remaining 2 ventures are Near International Airport. The pricing is very much reasonable and most affordable to All. It’s a right place and right time for investment / owning a plot right near to the International Airport.

Brief Introduction of Our Ventures.

Grand Meadows (on NH7 – Bangalore Highway): Just 30 mins drive from the city, Close to Outer Ring Road, 14 kms away from International Airport, Fab city, Hard ware Park, Text tile Park, Located on the 6 track Hyderbad Bangalore Highway.

Wind ward Park (on Srisailam Highway): Just 30 mins drive from the city, Close to Outer Ring Road, International Airport, Raheja IT park(Shamshabad), Fab city, Hard ware Park, Text tile Park, Located on the 4 track Hyderbad Srisailam Highway.

Fable county (On Medchal Route): Just 17 kms away from Secbad and 25 mins drive from the city, Close to Outer Ring Road, MMTS / Metro Rail station, Near to the Oxygen Park, Engineering Colleges, Famous Vegetable Market, just 10 Kms away to Byrraju ( Satyam) Foundation and Dholari Dhani, EMRI (108 Helpline service) Located on the 6 track Highway. It’s a most happening Place and best place for peaceful life.

For more information / better assistance, Pls feel free to contact on the below mentioned numbers.
We will always be at your service.
You can contact Mr. Kalyan on 9885 06 06 06 or 9985 30 40 50.

You always have the option of either creating your private living space or Investing in Property. You will not be disappointed with the benefits that are waiting for U…

On October 16th, 2007 Raj Said:

Hi Friends,

Is green home group ,Lakadikapool,Hyderabad is reliable to buy plots from them.

Is that company has good history of doing things correct.

Thanks,

Raj

On October 18th, 2007 Imran Said:

Interesting blogs and comments.

I wish if anybody has observed the great slump in prices in Shamsabad???? Moinabad and Chevella areas are already down.

Keep eyes open. U are not investing ’some’ money. Its huge investment.

I still can’t understand how international airport is going to help everyone out there. The boom in economy of Hyderabad is mainly due to IT companies and NRI investment both from Western Countries and Middle-east (later is more). But due to huge rise in inflation in Middle-east, their share in market is going to go down. I expect the same from US. And regarding IT companies, they are already moving out.

On October 26th, 2007 Srinivas Said:

Radha realty company has sold plots in west end meadows, narsingi from jan 2004, but so far they didn’t get Huda layout approval. They give some excuse or the other for the delay. i don’t know when they will get the approval. i want the company people to come clean on that front if they want to grow their business in future… Without completing one project, they start another project and invest the money in the new one and forget the old project… very bad execution… i don’t know how they are going to succeed if they act like this…

On November 4th, 2007 Your Friend Said:

Hello All,
I just happen to read this blog, interesting facts/speculations. I would to warn you all about Radha Realty, they are in deep trouble and they do not have DTCP approval, please do not invest in any of their ventures, Oxygen City is a piece of junk. I bought plots from them in September of 2006, in deep trouble, I do not know when these plots will be registered and I do not get any good answer from them.

Please do not even think of Oxygen city, I am sure you will loose your money.

On November 6th, 2007 Syed Said:

with the dollar already down against the rupee, i just cant understand how people are investing.Also the Hyderabad real estate is now reached its limit. Is it worth an investment at this moment? I cant..

On November 25th, 2007 Tallas Said:

Hi All,

Thsi blog looks to be good. I am also a very recent buyer of a property in Maple town. But as some one quoting it right, where in the vicinity of the city will u get a gated property at this price. Seems RR is some what realistic to the pricing. My last visit to the site before evaluating about by final purchase paln was about a week days back. Now that the roads are laid, and for some houses the foundations columns are on raise. So seems a good activity. The best part of this property , unlike others matching with this price, is the approach from Mehdipatnam, is 6 km, I clocked it personally. Also there is a cantonment on the way, so we may not see much of up coming constructions and subsequent traffic jams. The site is just 1 km from the main road, where you will find all the required basic amenities, like vegetable, Grocery stores like rel.fresh, Syndicate bank , and a good transport to the city. What else we require. I feel Maple town is better placed than other thrown out projects where there is only a pile of hard rocks right now. So, this is purely for my retirement plans and stay, so I am happy with the kind of buy I made last week.

Cheers,

Tallas

On November 30th, 2007 Suneet Sood Said:

Hi, Ravi, I am looking for a house on rent near the Microsoft office in Hi Tech city/ Gachibowli: where can I get advice?
Suneet

On December 6th, 2007 gsr Said:

Hi,
Radha realy did again
we bought a plot in their venture more than one year back. They went on telling to obtain the necessary approvals and register the plot. After more than one year when insisted they gave checks. When submitted in the bank the checks bounced saying no money in the company account. Has to see what execuses the company wioll offer now.

On December 6th, 2007 gsr Said:

SPM,

It is oxygen city venture by Radha Realty. See their ad reproduced below. I am still negotiating for my money. If i don’t get the money back then I have to go for legal action. I will also paste the copy of checks on the blog. Don’t get decieved by these advertisements and their speak.

Sale - Radha Realtors - OXYGEN CITY - 700 Acres Mega Project !!!
- Mr. Radha Realty India Corp Ltd Radha Realty India
RADHA REALTY CORP INDIA PVT LTD - A DECADE OLD REAL ESTATE COMPANY WHO HAS SUCCESFULLY DEVELOPED MORE THAN 60 LAKS SQ.FT LAND IN AND AROUND HYDERABAD PROUDLY PRESENTS A MEGA VENTURE.
Welcome to Oxygen City
In the heart of New Hyderabad, Oxygen City is Just 15 minutes away from the Hyderabad International Airport. Located in a clean and pristine residential neighbourhood,it is in close proximity to the one billion dollor Rajiv Nano- Technology Park, The Fab City, and maney such prestigious up coming projects.
With growth of New Hyderabad being assued, Oxygen City is the place to be .After all, as has been our credo the early gets the advantage!
Location:-
• 38 km from Hyderabad.
• 18 km from International Airport.
• 15 km away from big land marks (Fabcity,Rajiv Gandhi Nano
technology Park)
• Very close to upcoming IT Hub at Mutcherla.

Features:-

• 700acres of gated & Secured Site.
• 500 & 1200 sq.yard plots.
• 100 Super Premium Villas.
• 9 Hole Golf course.
• 4 Acre Lake.
• 20 Room Resort.
• Exclusive Theatre.
• Cricket Ground.
• Wi – Fi enabled.
• Town Square.
• Food Plaza.
• Shopping Plaza.
• Schools.
• Underground electrical cable, Drainage and Sewage System.
• 24 x 7 Security.
• Rain Water Harvesting.
• Water Treatment Plant.
FEEL FREE TO MAIL AT radharealtyindia@yahoo.com FOR MORE DETAILS AND RATES.
V MADHAVA RAO
GENERAL MANAGER - MARKETING
RADHA REALTY CORP INDIA PVT LTD.
MOBILE: 91 98491 34545
OFFICE: 040 66 134 134 / 66 135 135
eMAIL : radharealtyindia@yahoo.com

On December 10th, 2007 Reddy Said:

Need your opinion related to Bio zone near NH7 shamshabad airport, will HUDA approve any constructions under Bio-Zone

they were talking few months ago regarding growth corridor / SEZ .

near to outer ring road will there be any constructions on 4 sides. or the land is going to be Bio zone.

i do see lot of houses constructed with the panchayat layout approvals.

what will happen to them recent news by YSR saying all panchyat layouts will be cancelled. that means they are inventing avenues to raise more revenues..

i am from miami, i do see here there are lot of business parks adjacent to the airport runways. from my office i can see runway which is less than a mile.(Airport corporate center)/Miami.

lot of people in hyderabad were saying govt. wont allow any construction with in 10 kms of radius.

if any one knows here about BIO zone please share your thoughts.

Also in hyderabad even to this day near sanjeev reddy nagar area, people are buying/selling plots on teh basis of Notary thats all. not many in those areas get huda approval.( i do not know how much of this information is true /false.)

Thanks.

On December 11th, 2007 Abdul Said:

At a time, when the real estate property values are reaching crores, i have come across a venture who are offering a plot of 200 sqyards for as low as 4 Lakhs…just 3km from Shamshabad airport.

If any body is interested in nowing more details, just send me a mail on abdul.qadeer777 and i will get back to you.

On December 13th, 2007 bindaas Said:

hi, every one is after shamsabad, gachibowli..etc.
ppl r going as far as 40 km from hyd. many ventures r coming up near singapore township. ppl forgot warangal highway. one can invest over there n reap harvest in coming year. If one goes to that area then only development is visible. my piece of advice is go for area which r cheaper n nearer to main city. near narapally lot of govt land available, if govt decides to give away to MNC, prices will shoot up…

all the best

On December 13th, 2007 Tattva Said:

Did anyone buy plots in WestBrook Project near Shamshabad by Suchir India. The Seller is asking Rs. 4500/sq.yard and says that only a sale deed can be made now; registration will be later at an indefinite time. Please post your suggestions so that I can save myself from falling into a trap. Thanks for your time.

On December 19th, 2007 jayaraman Said:

REAL HYPE … A BIG ‘REAL’ THREAT @ HYDERABAD!!!
The real estate boom at Hyderabad is mainly contributed by software professionals.
About 50% boom is due to software guys.

This escalation gone up & up and now it has reached a very sensible place.

Anticipating that the costs further go up and hence what ever the rate we buy now, we will get profit if we sell in future.

But there is a big danger now!!!!
The weekend dollar puts all of us in trouble.
The exchange rate goes down from forties to 38 35 33. It will definitely reach 33.

Realize the situation at this stage.
The IT companies are at huge loss. The have to work put alternatives for cost cut, there are two immediate solutions.

• Optimize resource. Screen the real skills. Optimize the outputs. By doing this, companies will reduce resources. What will happen to guys those already paying huge amounts of interests for home loans?

• Open offices at smaller towns so that minimize the maintenance cost drastically. Due to this, the IT professionals at Hyderabad have to scatter to smaller towns. In such case, what is the asset realization in terms of salability or returns due to rentals? What is the fun in having a highly paid asset with out having valuation at par?

This is serious aspect, all should re-think.

Dear IT professionals, keeping this in view, please do not rush to realtors and do not get trapped in to a life long liability.

Now, you can see lot of ventures in Hyderabad without bookings. There is a panic situation with realtors. Please do not allow them to shift their headache on to you.

Please pass this to all who are dreaming owning accommodation at Hyderabad, just to realize the facts.

On December 20th, 2007 akhairate Said:

Jogi Reddy..
I appreciate ur good advices. But agree that the real estate market is hyped in India and as you siad its because of some people who are investing in to double the investment. As long as the land changes hands its value keeps on increasing and mostly everyone today are investing to double their money. There is no wrong in it. But the situation u see now is because of that.
But I definetly not supporting all u said. I see many people sitting in US and scolding Indian economy. You have no right to say something wrong about a country and minds of people here. You are always welcome here to come and change or give advices on how to change the economy. Anyone can say whats wrong but its difficult to tell how to change it. Please refrain from telling something wrong about a country in such forums.

On December 23rd, 2007 Guru Said:

Now the question about telagana,

everboy seen that bjp elected in gujarat, that means upa govt may not move forward on nuclear deal.Now what will happen the relation between usa and india ?. 2) Will congress divide the telangana? 3) everybody knows that usa going to recession next year 2008. 4) if housing slump continue in usa, whether fedaral reserver cuts the interest rates again? or will stop it because of inflation rasising in usa? 5) everybody knows indian stock marker runs by foregin funds? will they hold the money or pull out from the market? 6) if rupee going to appreciate again again, will export industry survie? 7)Lets assume, if india moving forward with gdp 10%, because of econamic zone and decrising cultivation, will india face the food grain problems in future because of shortage of cultivation? Really indian people prosperty has raised to afford the basic needs? if no that leads more corruption ?

On December 28th, 2007 Dhananjay Said:

I heard that the realestate investment is down already… Well just came to know that infosys is not very keen to invest immediately in hyd - waranga; highway whatever it purchased..people who have ignored my previous advice (Back in Aug) may already have been in deep trouble… My prediction is comming true the real estate prices in 2008 in HYDERABAD is heading for CRASH……

Dhananjay

On January 6th, 2008 Naveen Gandham Said:

Hi

This is naveen, working with a software company in hyderabad. I am a very old customer of Radha realty. I have invested in Westend meadows and Maple town. The reason why i am on this blog is let you know about the bargain i struck with Radha Realty contrary to what some friends here have to say.

I invested in westend meadows at Rs.2300/- per square yard. I was told sometime back there were issues in the layout despite of mortagaging to HUDA. As a result the whole layout was deprived of the HUDA permission. Now Radha realty wants to cancel the earlier layout and apply freshly for Huda omiting the land with issues which would be a boon for the customers.

Now coming back to the main course, radha realty is offering a buy back offer to the customers who want to exit. For my 500 sq.yds. I was offered 4500 sft of apartment space in their upcoming Joint Venture with Nagarjuna construction abetting the OuterRing Road at Narsingi.

I enquired through one of my contacts and I came to know that Nagarjuna would start the bookings of the flat for Rs.4000/- per sq.ft. as soon as getting the permission, which i was told would take about 6 months.

Comparing the present value of my plot of 500 sq.yds. at about Rs. 70 lakhs to 4500 sq.ft of apartment space in nagarjuna can be valued at Rs. 1 crore 80 Lakhs after 6 months, I think its worth the deal. I have committed myself to the deal offered by Radha realty.

Secondly I happened to visit their Maple town last weekend. Contrary to my earlier thought of sluggish movement of the project, i was surprised to see the work at full pace. Almost all the houses have started and couple of them are in the slabs stage. Now I firmly believe that the project should be completed by march next year.

So friends please let me know what you think about the Proposal that I accepted with Radha Realty.

Thanking you

Naveen Gandham

On January 6th, 2008 Mohammed Said:

Hi everybody,

Sorry for a belated entry and belated new year wishes. WISH YOU ALL A VERY HAPPY NEW YEAR. There have been lots of comments about the company and the projects.

Looks like there are lots of theories that are floating in the market about us. I am surpried to see many of them are even baseless. First and foremost I would like to invite Maple town customers to come and have a look at the site and then comment on the progress of the work. The footing are completed for almost all the housing. Few of the houses are in the slabs stage.

One of our friend Happy has very interesting coments to make. By the way its wonderful Name “HAPPY”. I would appreciate more if you can come in open and prove a point of two against us. We are more than willing to correct ourselves if we are wrong.

My Dear friend Happy or Unhappy, Please reserve your comments before you make a claim. It is true that we are offering a buy back in Westend meadows to the customers. Like it is known to you that we had issues in the layout pertaining to few plots. We are freshly applying again to HUDA minus the problematic plots so that we can stand on our promise. If we wished we could left the layout as it is and the let the issues drag. But we at radha realty firmly believe that a Promise is a promise kept. Show me a realestate company that will hold to its promise even after three long years of selling the plots. As to those whose plots are in problematic land we are offering a buyback or compensating with that of constructed area in our Joint Venture with Nagarjuna Constructions, whose Value is literally at more than double the current Price.

Lets hypothetically analyse this, If you had a 500 sq.yds. Plot in westend meadows which can be valued at 60 to 70 Lakhs. What we are offering is 9 sq.ft of constructed area in Nagarjuna Constructions Joint Venture for every 1 sq.yd. in westend meadows. So you get 4500 sft. of apartment space for a 500 Sq.yds. Plot. Nagarjuna constructions in about 6 months after obtaining the permissions will start bookings of the flats @ Rs.4000/- to Rs.4500/- per sft. so for your Rs.70 Lakhs plot you get close to Rs.2 crores.

So ultimately for your investment of Rs.11.5 Lakhs in 2004 you are making Rs.2 crores in 2008. It makes me wonder what else is the kind returns one ought to expect from the realestate investments.

Anyways I wish all of you again a wonderful and Happy new year.

Regards,

Mohammed.
99660 86868.

On January 8th, 2008 backtoHyd Said:

Thanks Mohammed for the clarification.

Could you please let us know the location of the joint apartment venture with Nagarjuna constructions. I have not seen the venture details in the web site.

On January 8th, 2008 Reddy Said:

Lots of articles on Radha Reality, nice place to be in finally….
I always believed in taking risk and reaping the rewards,As I previously vouched on this organization , I still think its a safe bet - but I have some concerns to be brought in here too. RR corp is still known to be a decent company with a decent sale rate, but the problem as with all is they defer every thing, I got my registration done for the 2 plots on Dec 26th wednesday,first I thot I would keep both of them, but given the EMI’s to the bank I am planning to sell one after the slabbing is finished in order for me to expect good returns

RR promised to provide the ready to move in property by End of Nov 2008, now I will have to wait and watch to what extent they would stick by to their word

I am no good saint to advice or pass suggestions to ppl here, but out of my experience guys, one thing I want to put forward - always take calculated risk in order to make money, so keep investing intelligently and India cant be better than any other country today,do not completely go with ppl who are skeptical about investment . I read Mr.Jogi Reddy talking about bitter economic situation in India and he getting an offer of 1.75 Crore for a RR house,but as we all know , Had he persued the matter with some “PIRAVI’s” or recommendations from the big guys or insiders he might have brought the price down to less than a crore, which is what we have done. Be creative and dont be theoritical in India . I am sure Mr.Jogi Reddy will regreat one day to not have invested in this Gated Community . Rest at your descretion

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On January 14th, 2008 new2hyde Said:

Very informative blog.
Does anyone have ideas or thoughts on this offer http://www.karvyrealty.com:80/karvyNova.asp
Is this a good area? Is this a good rate for that area (Rs 4000 / sq yd)? I read that many of the proposed developments in the nearby areas (FAB city and the like) are delayed or much smaller in scope now.

Thanks

On January 25th, 2008 James Said:

I’ve taken a bungalow in Silver Oak of Modi Properties. Have a very bad experience dealing with Modi’s. So unprofessional brats…

I will not suggest anyone to go for this property.

On January 31st, 2008 Shiva Said:

Hyderabad real estate is heading for a crash soon. I am receiving many emails from the real estate companies operating in and around Hyderabad stating that they have reduced the rate per sq yard and offering discounts upto 40%. Those real estate companies who demanded Rs.5000 per sq yard before are offering now for 2500 per sq yard. This shows how much the market is down and it is heading for a crash soon. The boom and mad rush were the result of the rumours that “NOW OR NEVER” which is not true. People were made to think that you buy now or you will never be able to buy which is bullshit. NRI’s beware every tom and dick is a real estate agent and releasing false advertisements on the websites to attract NRIS. Think ten times before you invest your hard earned money and dont go for mad rush which is in turn making the life of middle class people miserable. The people who are suffering a lot due to the boom could be our friends, relatives who are living in Hyderabad. Exhorbitant rents, abnormal prices of the real estate made it difficult for the common man to live in hyderabad. Shame on Raj sheker reddys government which spoiled the whole state in three and half years of his ruling. You name anything in AP and it is unaffordable.

On February 4th, 2008 Vinay Said:

Hi All,

I just bumped into this blog, its good to see the comments and experiences. I live in North America, and I got to Hyderabad every 18 months or so.

I have been to one of my friend’s layout(in 70 acres approx), I should say I have not see the quality they are putting into it. It is exactly opposite to New BITS campus in Hyderabad.

As I mentioned, this venture belongs to two of my friends and they never asked me for publicity. Just go there and see it. I assure, you will be amazed by the quality.

“www.speedprojects.in” is their website, website is not very good but you can get basic information.

Don’t buy anything by sitting here, just get someone from India to have a look before you buy it. Also ask for the previous(if any) ventures they have done.

Thank You.

On February 12th, 2008 Akshay Said:

Hi Folks,

Whats your views for chalapati real state company. Even in samshabad area they are providing land with the DTCP approvals.

Howz the future and present values of land in kadtal village.
Regards,

Akshay

On February 15th, 2008 Guru Said:

Hi,

Feb city gone from hyderabad? IT Salaries were going down? NO recuritment in IT ? recently heard that US back office were under pressure of maintenance, they didn’t see any profitability operating back offices in india. Eventually they were planning to sell offices to indian companies or move out from india. Everybody knows, even indian companies were opening offices outside india because of marign pressure. Lets wait and see what will happen in next 1- 2 years , after us market went into recession. Even RBI knows, india may face credit crunch, after NRI investment pulled out from indain stock market.Example Recent Sharemarket plungs 25% in one month. Any openions are welcome.

On February 20th, 2008 venkat Said:

i am investing money in sai nagar II in Jana Chaitanya near Ramoji Film City with a 1700/per Sq.Yard. Is that rate is reasonable now. Is it good to invest there. Just tell me if there any problem there.

Friends just tell me about this facts

On February 27th, 2008 doddapanenih Said:

Hi! if any one is interested in buying plot(s) in Basar, Adilabad, AP, please visit our webpage for further details.

Thanks

http://doddapanenih.googlepages.com/home

On March 12th, 2008 Sahil Said:

Hi,

I want to buy apartment near begumpet. Can you guys please advise me, whether buying residential apartment near begumpet will be good investment(as the airport will be closed soon)???

Sahil.

On March 13th, 2008 vijshri Said:

I am brought a house in Radha Realty - Maple Town - Phase 1. It is under construction now. Second slab is also over. I am forced to sell it due to unexpected personal reasons. If anyone interested (serious buyers only please. Any agent should contact only if he is going to make the sale transparent to me and buyer clearly and I should be able to meet and talk to customer) send mail to vijshri@hotmail.com with your contact info.

On March 18th, 2008 Reality Said:

Hi,

Has anybody invested in Eldorado by Green Homes in Kandukur? I paid advance for a plot in Sep 2007 but there is still no sign of registration. They have been saying that they are getting the approval soon but so far its been a long wait.

Any information on this is appreciated.

On April 24th, 2008 Chandra Said:

Hi,

There is now a yahoo group for owners of Radha Realty’s Fortune Meadows at Kismatpur.

If you own a plot there, please join:
http://finance.groups.yahoo.com/group/FortuneMeadowsHyderabad

Thanks.

On May 12th, 2008 Vishnu Said:

Does any one know the status of Oxygen city.

Is it a good idea to purchase an apartment near Hitech City? People are talking about slowdown but I don’t see any builders reducing prices. Does any one has recommendations for value buys? I am planning to l live in the apartment and I dont’ mind new apartments also.

Vishnu.

On May 12th, 2008 Vishnu Said:

Does any one know the status of Oxygen city.

Is it a good idea to purchase an apartment near Hitech City? People are talking about slowdown but I don’t see any builders reducing prices. Does any one has recommendations for value buys? I am planning to l live in the apartment and I dont’ mind new apartments also.

Vishnu.

On June 3rd, 2008 Sreenibas Said:

hi,
this is truely a great blog. I am interested in buying an indepandant house of around 250Sq Yards in western part of the city. I am searching for a suitable area where buying would be fruitful and is well connected to SEZ and Hitec City. Please contact me if you have any information. sreenibas (at) gmail (dot) com

On June 16th, 2008 raju Said:

What do people think of Green Villas? I was planning to buy a house there to live in, and is not just for investment purposes. But the asking price for a house by the builder is 2.5Cr. Is it really worth that amount? Is there any negotiation possible?
Thanks for any information.

On June 26th, 2008 Wajid Said:

I want to buy a 6 acres of land on Rajiv raha dari my mobile number is 9885256609

On June 30th, 2008 Reality Said:

My Green Home (Eldorado - Kandukur) plot has finally been registered after 9 months! They did change the plot layout after the govt approval. It seems to be a modus operandi of all real estate companies to lure people with promised layouts. Things definitely change after the approval. And the companies conveniently blame the government though they very well would have known in advance that their proposed layout was never going to be accepted by the govt.

On another note, how is the market at present? Is it slowing down or stable or still going up?

On July 7th, 2008 Saksham Said:

As far as I can make out, the realty market is right now going through a tough phase. Thanks to the steadily spiralling inflation and rates, investors are keeping off contracts by and large. Some real estate companies, though, are still doing brisk business. These primarily are those guys who have mainly stuck to the basix, while outsourcing the rest to capable folk.

Case in Point: Take a look at Dhaatri’s Auravilla. Despite the lee season, buyers are genuinely keen on this project. Main reason: These guys have gone the whole hog legally. The project is approved, the land is theirs, and construction plans are all professionally created and audited, and the entire building plan is phased out in a structured fashion.

All in all, if you ask me, the situation might seem grim, but there’s still hope, and we should see some sorta turnaround. But in all probability, this can happen only when the builder gang gets its act together. What say?

On July 25th, 2008 Srini Said:

I too am interested to know details about ‘Aliens Constructions’ and their upcoming venture at Tellapur, called Space Station -1.

Srini

On July 27th, 2008 sai magadha Said:

Hi Guys,

Plots for sale at 150 acre Magadha Riviera near Manasanapally X Roads, Venture facing 150ft Road connecting Bangalore Highway & Srisailam Road. Very Close to International Airport. *Price 3200 per Sq.yard. for details call: 97030 22228

On July 30th, 2008 Tanya Said:

For all those waiting on Oxygen City -

After a very long wait (more than year) my Oxygen city plot was finally registered few days back. They did register a different plot than the one we initially chose.

Good luck!

On August 6th, 2008 Narender Said:

Hi, every body,
Iam a constant observer of this blog, but, it’s for the first time, I thought I should air my opinion on Radha Realty.
I purchased a 1200 Sq.yard plot at Green Lands in 2003. While I approached Radha Realty recently after glancing the news of Layout Regularisation Scheme, they responded quite good to my request and initiated the process of LRS for the entire layout. Govt seems gave time of Six months for approval of the plots applied for. Radha Realty is confident obtaining the same in a max of three months. If this happens well, it’s really a great investment I made with Radha Realty.

On August 12th, 2008 Bobba Said:

Any body owns a plot in Green Lands project launched by Radha Realtors? I own a piece of land there and would like to get in touch with folks who own a property in Green lands.

Thanks

On August 21st, 2008 pramod Said:

hello sir,
i was wondering if u have some information on some commercial space/ shops available for buying in newly constructed malls in hyderabad

On September 2nd, 2008 Aliens Customer Said:

Dear Friends,
This is about Aliens Group and specifically about Aliens Elite and Miyapur
Was searching a place on the web where i could post my experiences with a high flying company called Aliens Group( of the space station and Elite fame in Tellapur and Miyapur respectively). It was started by two well meaning brothers and initially everything was looking very rosy and that was the time when everything was going good, the US economy was stable, its business was pouring into india, the IT and ITES and services sectors were doing well and the average salary increase was 15%, the dollar was very strong, the new indian middle class was shining and raring to go, the home interest rates were well within reach. It was the perfect time for the realtors to make money and the monteraliy empowered middle class to realize their dream of owning a premier home with all amenities and in the meantime in comes Aliens with its ultra marketing techniques, graphically appealing posters, advertisements, claims of proving a great experience to customers, sweet talking sales people who could sell sand to the Saudis and water to the Hawaiins and people started the bookings in all earnest. But things always dont remain the same, translating words into actions is not the forte of everyone and anyone, Aliens started realizing the effort that it takes to complete a project of such a magnitude and there was no standardization in customer communication ( communicating about the payment schedules, completion schedules ) nor were they meeting any timelines. Initially everyone thought that it was probably a normal thing in this sector, moreover all customer meetings were attended by one of the brothers with an entire entourage of team who would try to give all kinds of excuses and reasons for delay an most importantly a reduced quality in the work. This was 2007, then the US mortgage crisis happened, the rupee appreciated , inflation increased, the RBI increased the PLR and consequently all the banks increased their interest rates, people started feeling the pinch, Aliens also started feeling the same since their banker started imposing heavy interest on them, and then, the best thing happened. Aliens started passing on the financial burden to its customers through different means, they claimed service charges, claimed BRS, now they are levying interest on delayed payments citing some schedule which was never made public nor was it standardized. And there is more to come, they promised great amenities, exceptional living conditions and the reality of the matter is that the project looks like any other ordinary project, no connecting roads, we who have booked in 2005 are paying huge pre-EMIs to banks and now paying interest unnecessarily to Aliens. I have dealt with some realtors in hyderabad and Delhi earlier, but Aliens take the cake in terms of their utter unprofessioanlism and trying to take the customers for a ride throughout. Friends, kindly check on the antecedents before investing in any of their ventures.

On October 4th, 2008 Rohit Said:

Does anyone has updates for Oxygen City progress ?

On March 6th, 2009 Rahul Rajan Nair Said:

The Truth behind Real Estate in Hyderabad…
I am a Real Estate Professional and this may deem as a confession to some, half cooked lies to soem, but others in the field would recognize the truth within.
The Beginning of the Beginning
The year was 2004 and it sounded the arrival of the best( and worst) real estate boom seen in the twin cities. Buyers fell into the “herd mentality”( as it is called in marketing circles) and ran about buying pieces of land all around the city like land was about to go extinct in the next 3-6 months. Shamshabad airport was announced along with projects like Fab City and Nano Tech Park in and around both Bangalore and Sri Sailam highway and the US economy was sound and IT booming. An example of Indian middle class shining – every Telugu household in Hyderabad has at least one child working in the United States, and as with the American Dream, the Indian Dream ends and starts with building your own house. With the influx of hard earned dollars into the real estate market, and with demand increasing 200-400% in every 3 months, every nook and corner of the erstwhile agricultural land in and around Shamshabad and other areas like Medchal, Shamirpet, Nizampet was bought at peanuts from the farmers and was converted into a plotting layout. The day of the modern day real estate rags to riches agent had arrived in full force.
And the land developers to cut down costs always maintained a very minimal staff on payroll and an entire front and back line sales force on margin based commissions. A plot which the land owner bought from the farmer was sold to the developer at Rs. X/ sq yd. The developer added another 500-1000 for the approvals and developments like roads and other amenities and the rate became X+800(assume DTCP Approved and medium level developments). The developer then gives these plots to a real estate marketing company( most big time companies at the moment which claim to be developers are infact marketing agreement holders or MOU holders) at a rate of X+800+400. These marketing companies then give these plots to their marketing teamleaders/in charges/managers etc( also agents, but higher on the pecking order) these “super” agents then further outsource the said plots to agents lower in the pecking order for X+800+400+400+400…you get the drift. The additions are not fixed and could vary, so you get different rates for the same venture from different marketing agents(depending on where their “cut off” is)
The End of the Beginning
So by 2006-2007 mid, the rates got hyper-inflated in the Shamshabad area just by agents selling at higher margins. There are some cases in which the all the agents’ commissions put together sometimes exceeds the plot cost by 2-3 times. But the general MO would be a plot of 1000 Sq yds cost the end buyer 40 lakh and the developer actually must have got around 22 lakhs, the remaining 18 lakhs go to the agents. So when you see a real estate agent who in 2003 was in a scooter(or worse) and in 2006 has a BMW and two Skodas and three flats in the city, you were wrong to assume he raided a bank, he infact raided your savings/investment. Every(read EVERY) real estate deal which has happened so far in Shamshabad area, yes even your deal which you think was the best deal possible with “bestest” rates and “ maximum discount chesi maa saaar tho matladi chesina” rates could have been made atleast a few lakhs cheaper. I know agents who have pocketed atleast 25-60 crores in these 3 years. NRIs were the easiest to swindle, Shamshabad was the top listed Google keyword in the NRI world and the real estate websites were full of beautiful landscapes, futuristic buildings, with every dirt-trap being a “Mega” venture and every Ella Pulla Mulla being The Trump. And with the real estate upswing and the booming equity market in the US, NRIs felt this is the time to invest in the Indian Dream of buying a piece of land, money changed hands through online transfers and the poor NRI had bought himself a white elephant. Or in some cases a disputed land or no land at all.
And when the NRI comes to Hyderabad and wants to visit the site, the all the while pleasant realtor who showered you with all those kind words while buying the plot says “ we don’t provide vehicles, go by yourself” then on the way you realize, this 8km from the airport seems more like 25km and half way through the visit he actually gets a doubt if he is on the right path, because the road is a mud road and there is nothing remotely “mega” about the ventures he sees lined up on either side of the road with models pouting and welcoming them into barren lands. Where are the landscapes? Where are the buildings? Where are the airplanes? While these questions crash in his mind he calls the realtor, he says you are on the right path,just a little more further you will see a board, take a right there and go further, then left and then left after sometime, by this time he has realized the color of the elephant he bought, but still ventures on to see and cross a few non-descript villages and dust filled roads. The 10 min drive from the airport mentioned in the website actually takes up the greater part of an hour and 30 minutes and he has arrived at the venture, which is just a dirt road with dirt on either sides on the road with a few yellow markers indicating plot numbers( if he is lucky, and the developer is kind enough), By now the realtors mobile is in meeting mode or switched off. He manages to come back into the city, and after a few seething hours, the hypertension has left his system. He visits the realtor’s offices the next day, all plush and fully air conditioned. And the “MD” turns out to be a village idiot who speaks exclusively in Telugu and in broken English that the NRI doesn’t understand, Where are the developments? They will come after the approval. What approval? Isn’t this already approved? No saar, this is been given to DTCP for approval yada yada yada. But brochure and website says DTCP approved? Yes saar, DTCP is under the process of approving it yada yada yada, orey saar ki coffee thiskoni raraa Who will know when it will be approved? DTCP will know saar,Where is DTCP office? I don’t know saar, (WTF do you know??? ,I know how to F with your money), the agent who sold you your plot meanwhile has disappeared, leaving the developer with deniability. The NRI then leaves the office and talks to his friends and he tells them about his experiences and how he got cheated and how he wants to go to court, his friends bring him back to ground reality, babu idi India, Amerika kaadu, class action suits and litigations ikada panikiravu, nuvu oka pani cheyi, nee plot eydo okka ratelo ammaisi chethulu kadduko. He decides to do that and sells the said plot at a “cut off” to another agent who sells it to another client with another addition of margin layer.
So the same or similar scenarios happening on a large scale shot up the prices in a matter of 3 years to a level that gradual and normal growth would have taken at least 10-15 years. With gradual and steady growth and increases in land prices, comes time for infrastructure and living amenities like schools, colleges, hospitals, shops etc to blossom. But all we have in the Shamshabad area now are farmers with Scorpios bought with land sold money, around 9000 acres of real estate plotting( out of which around 600 acres(less that 7% of total ventures) have proper approvals, yes, your “mega” venture most probably doesn’t have the proper approvals), no houses within these ventures, no support infrastructure, just dirt sold at anywhere between Rs. 1000-6000 per sq yd depending on the time period bought, agents level in the pecking order and location, instead of following the most important rule of real estate which is there are only three factors important to buying real estate- location, location, location .
The Beginning of the End
By the middle of 2007, the real estate market in the US and with it the entire economy went into reverse gear and its ramifications were felt in our Shamshabad too, with developers still buying land to churn out plotting ventures ( again encouraged and misled by the “acre” agents). The bubble was all set to burst and all it needed was a pop, which was provided by KCRs TRS announcing pro Telangana this and Thalli Telangana that. Panic set in and the supply had already exceeded demand by that time. The slump started in 2008 and has continued till date, but the coffers of those who ventured into the plotting business around 2003 and finished most of the ventures by 2007 are now the crème of the society mostly dominated by Reddys from Nellore, and who bought land in and around 2007 are in a soup, again mostly dominated by Reddys from Nellore. Real Estate in Hyderabad has lately been a Nellore enterprise.
The future…?
Nobody knows, hindsight is a perfect 20/20 cant say the same about foresight. But, don’t believe the hype about the elections again setting about a boom in the prices, the boom seen in 2003-2006 was an anomaly and happens once in a lifetime of a city give or take 300 years( your plots will be of excellent value to your successors 4 generations from now). Seriously I think after the election, transactions might increase with the political and geo-political issues resolved, but a marginal increase. The market I see recovering to around the 2006 ending level in around 2-4 years from now. 2010-2012 should be “reasonably happy times here again” period for real estate.
What to do now?
I wouldn’t say don’t invest in real estate till 2010-2012. 2008-2010 would the ideal time to invest as its during recession and slumps where profits are made by intelligent investors. But invest carefully and not through agents, trust companies whose marketing teams are professional, educated, knowledgeable and ARE ON THE company payroll. Real estate has been, is and always will be a safe and assured return based investment if you keep a few pointers in your mind.
1) Developer and title : Choose a good developer and half your job of selecting a good investment is done. Never buy plots from companies whose higher level management are not educated, they will be the first to wash their hands off. Trust your gut, if you think this guy seems shady, He IS shady. Get a look and feel of the venture and understand the vision of the developer as to where he and how he plans to develop the venture. Clear title is of equal importance. Ask for pahani nakals of the past 30 years, any good developer worth his salt will have them.
2) Location : Location, Location, Location. Connectivity is of prime importance if you wish your real estate investment to get you good returns at a reasonable time frame. Don’t prefer ventures that are too much into the interior unless they are surrounded by prestigious or ventures that are backed by an established brands. Always a safe bet to invest where there already are a few homes in the vicinity of the venture.
3) Approvals : Understand the different approved layouts in terms of descending prices- HUDA, HADA, HMDA, DTCP and the unapproved – the village panchayat. Tentative and final approvals are like chalk and cheese. Any venture can get a tentative approval as long as residential conversion is paid. Final approval is given to ventures that have developments, legal verifications and all other requirements fulfilled to be approved by the appropriate govt body. Check if the venture is HMDA approved or has HMDA norms(again chalk and mayonnaise) most ventures are panchayat layouts with HUDA norms, the HUDA is made a bigger font with bold typeface on the brochures and websites but infact the actual layout is unapproved. Insist on original copies of approval letters signed by the district collector with LP Nos. Check if the entire venture has final approvals. Most realty companies take approvals for a part of the venture and apply the same LP number to the entire venture. Don’t trust your lawyer for a legal opinion unless he is directly related by blood to you. Otherwise he will call the real estate company and ask for his cut to give his “approval” and all real estate companies pay.
4) Price: The sensitive issue, what price to buy? The ideal price doesn’t exist. The right price depends on the above three factors. Low price doesn’t always mean best price, and high price too doesn’t mean best product. Try to mutually weigh the price with the product you are buying. Again…trust your gut and listen to the guy sweet talking you into buying the plot only if he is on the company payroll and he seems professional enough to know what he is talking about!!!

Oxygen City:
Well for people who want to know the story behind Oxygen City at Kandakur. Let me set one thing straight : Radha Realty Corp never owned the land. And its not 700 acres, its 301 acres with another 350 acres belonging to the syndicate to which the 7 owners belong . The land owners(7 of them) are known to me personally. Ravindranath Reddy was given the land on a development agreement basis. He was unable to do the development that the land owners had in mind and like all RRC ventures he left it half cooked. Most agents too have left RRC( which at one time had a better marketing agent network than Suchir India) due to non payment of commissions. Oxygen City , 3 months back in Dec 2008, was taken back by the land owners. And whatever plots RRC sold are now pushed back into Phase II. If you have a plot near the proposed golf course, don’t worry your plot is still safe. The land owners are now planning to start selling plots on their own slowly and steadily and by maintaining a fixed rate.

Happy and safe investing…

Your Friendly Neighborhood Real Estate Agent