Hyderabad sees phenomenal vertical growth

Released on: June 9, 2008, 4:14 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: The skyline of Hyderabad is set to change forever. The city
is on the threshold of witnessing a phenomenal vertical growth with sprouting high
rises.


Press Release Body: The skyline of Hyderabad is set to change forever. The city is
on the threshold of witnessing a phenomenal vertical growth with sprouting high
rises.

For over two decades, the 16-floor Babu Khan estate in Basheerbagh remained the
tallest building in Hyderabad. But now, with real estate prices going up, cost
effective taller buildings are in. That might change Hyderabad\'s skyline forever. In
fact, the city of the Nizams will soon boast of the tallest structures that India
has ever seen. APIIC and Lanco are constructing two mammoth structures of over 400
metres.There is a need within the government and outside the government for high
rise development,\" said Pochendar Shenigarapu, CEO, Lanco Hills.

The state has set up a skyscraper zone in Manchirevula, a suburb in Hyderabad, which
has a minimum construction limit of 30 floors. The government has also streamlined
approvals and removed height barriers.As long as the structure is outside the flying
zone, it has got the clearance from AAI; there should not be any limitation in terms
of the numbers of floors or height to which it is constructed,? said KS Jawahar
Reddy, Vice Chairman, Huda.

Over two dozen buildings of over 100 metres or 30 floors are coming up across the
city. Sources say atleast 30 construction companies, including builders from other
states, are keen on taking up projects in the city...........

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