Hyderabad's Luxury Housing Revolution: A Shift Towards High-Rise Living
The luxury housing market in Hyderabad is witnessing a shift towards high-rise buildings
HyderabadLuxury HousingHigh Rise BuildingsReal EstateNavanaamiReal Estate NewsMay 26, 2024
The Megaleio project, spread over 4.1 acres and surrounded by 1,200 acres of greenery between the protected waterbodies Himayat Sagar and Osman Sagar, comprises two iconic towers having 50 floors and 150 opulent exquisite residences. The 150 residential units will be divided into three units: Skyline tower units with an area of 11,111 sqft; Unity tower units with an area of 9,999 sqft and 8,888 sqft.
To be built at a cost of nearly Rs 900 crore, the price of a unit ranges between Rs 8 crore-Rs 12 crore. This ‘Megaleio’ project, located at Appa Junction Peerancheru, is scheduled to be completed in the next four years. Navanaami, founded by Naveen Gadde, is also developing ultra-luxury projects in Bhubaneswar, Odisha, and plans to expand to other cities.
In recent years, there has been a noticeable shift in the preferences of Indian homebuyers towards luxury housing. According to data from leading real estate agencies, the demand for luxury properties has witnessed a substantial increase, outpacing the growth in other segments of the market. The luxury housing market, which includes premium apartments, villas, and penthouses, has become a key driver of the overall real estate sector.
Hyderabad, the IT hub of India, is witnessing a transformation in its real estate landscape. With the rise of high-net-worth individuals, there is a growing demand for luxury housing in the city.
Navanaami is a leading realty company founded by Naveen Gadde. The company is known for its ultra-luxury projects in Hyderabad and Bengaluru, and is now expanding to other cities.
Frequently Asked Questions
What is the Megaleio project?
The Megaleio project is a ultra-luxury residential project developed by Navanaami Projects in Hyderabad
What is the price range of the units in Megaleio?
The price of a unit in Megaleio ranges between Rs 8 crore-Rs 12 crore
What is the location of the Megaleio project?
The Megaleio project is located at Appa Junction Peerancheru Hyderabad
What is the demand for luxury housing in Hyderabad?
The demand for luxury housing in Hyderabad is witnessing a substantial increase driven by high-net-worth individuals
What is Navanaami's expansion plan?
Navanaami plans to expand to other cities in India including Bengaluru and Bhubaneswar
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