Real Estate Hour

Modi Builders to Launch Luxury Project ‘Sterling Heights’ at Gundla Pochampally, Hyderabad

Hyderabad-based real estate player Modi Builders is all set to launch its residential project — Sterling Heights at Gundla Pochampally. It is a 647 luxury apartment project with various amenities like clubhouse, playgrounds, gardens, sports facilities, gym, swimming pool, CCTV surveillance, 24×7 security, and double cellar car parking, among others.

Recent surveys show that Hyderabad has been harnessing unparalleled buyer’s interest, and has emerged as one of the most sought-after residential destinations in the country.

“Catering to the increasing demands in areas like Gundla Pochampally, we have come up with this project Sterling Heights, which stands in stark juxtaposition to the concept of conventional living. The project hosts all the world-class amenities for supporting a modern lifestyle. We have embedded various features for leisure, recreation, fun & entertainment, health & fitness activities as well,” said an official statement by realtors at Modi Builders.

“We’re overwhelmed with the response we have been receiving for all our projects. It makes us resolute about coming up with more such projects. Looking forward to the response we get on this one,” they added.

Current trends in Hyderabad’s real estate segment show that the increasing capital values and the demand for retail and commercial space from 2014 to 2018 have boosted it significantly.

According to experts at Modi Builders, “The factors like clearing of political uncertainty, IT boom, increasing affordability, transit infrastructure leading to better connectivity to major workplace hubs, and enhanced social infrastructure have been driving investments in Hyderabad’s real estate sector.”

Owing to these factors, the city’s unsold inventory has also declined significantly. Going by the statistics, Hyderabad’s total unsold inventory in Q2 2016 was 35,560 units. It declined by around 14 per cent in the corresponding quarter of the next year. The unsold stock further reduced by 13 per cent in Q2 2018 as against the same period in 2017. Within 2 years, the total unsold stock in Hyderabad witnessed a decline by almost 29 per cent.

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