Hyderabad turning a new city of skyscrapers

The IT corridor of Hyderabad is gradually turning into a city of skyscrapers as builders in the area are vying to tower past the 40-floor mark. The most recent case in point is that of the Bengaluru-based Sumadhura Group as its 44-floor residential venture named Sumadhura Olympus in Financial District got the green signal from civic authorities. The mega project, which is being marketed as the tallest property in the city, is expected to be ready by 2025. But until it takes off, it’s home-grown Rajapushpa Properties’ Provincia in Narsingi is holding onto that title with G+39 floors. The project is currently under construction and has sold most of its top floors at a base price of ₹6,549 per square feet.

Executive Director, P Sreenivas Reddy, informed that there is tremendous demand for the top floor, especially those above the 30th floor. The reason to go vertical is to have more open space around the project and that's possible only if the building is above a certain height.

For Candeur Constructions though, the idea was to grab maximum attention with their debut show in Hyderabad as their projects in their home ground, Bengaluru, are limited to 24 floors. The 'Candeur 40' in Miyapur will have 40 floors once it is ready by mid 2024. Senior Manager (sales) of SAS Infra, Madhusudan Kilari, informed that of the total 346 units that the company has sold so far, the majority are on the top floors and 3BHKS. Building a 36 floor Tower in Nanakramguda is marketed as Hyderabad's tallest commercial project so far. The firm is drawing up plans to launch a 57-storeyed residential tower in the city soon, hoping for it to become the tallest housing project across South India.

Other than these, there are a lot of other projects in their early stages of planning, which are expected to be above 40 floors. All of them are planned for the western fringes of Hyderabad and are under the price range of ₹6,500 to ₹7,000 per sft (on an average).