Anvita Group Launches Ambitious Rs 2,000 Crore Residential Realty Project in Hyderabad
Spread over 12.9 acres, Ivana will feature 1850 flats, with the first phase expected to be completed by December 2024. Get more on this mega residential project.
Real EstateResidential ProjectHyderabadAnvita GroupIvanaReal EstateJul 06, 2024
The first phase of the project, which spans 3.5 acres, will feature two towers of 15 floors each, comprising 450 units. The realty company plans to hand over the units in the first phase by December 2024. The second phase, which will be built on 9.25 acres, will feature four massive towers of 36 floors each, with 1400 units.
According to Atchuta Rao Boppana, Chairman and Managing Director of Anvita Group, the first phase of development is expected to cost Rs 380 crore, while the outlay for the second phase is over Rs 1,600 crore. The company is constructing two and three-bedroom apartments, ranging from 1360 sft to 2580 sft, from the first floor to the 34th floor. Luxury four-bedroom sky villas, ranging from 2900-5070 sft, will be built on the 35-36 floors. Car parking space will be allotted to residents at the beginning itself.
The project will have an area of 8 lakh square feet in the first phase and 28 lakh sft in the second phase. Ivana is expected to be a benchmark project in Hyderabad's real estate market, offering residents a luxurious and comfortable living experience.
Information Anvita Group is a reputed real estate developer in India, known for its high-quality residential and commercial projects. The group has a strong presence in Hyderabad and has delivered several successful projects in the region.
Frequently Asked Questions
What is the total worth of the Ivana project?
The total worth of the Ivana project is Rs 2,000 crore.
How many phases will the project be executed in?
The project will be executed in two phases.
What is the total area of the project?
The total area of the project is 12.9 acres.
When is the expected completion date of the first phase?
The expected completion date of the first phase is December 2024.
What is the range of prices per square feet for the units?
The units are being sold at Rs 6,500 per square feet as an initial offer.
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