Splendid Aparna Palm Meadows
on outskirts of Hyderabad are AP’s first solar ready homes
This festive season, Splendid Aparna Palm Meadows, a high-end
residential project on the outskirts of Hyderabad, is offering a 10% discount
on the listed price to its customers for its 100 odd villas. The real
estate project, which will be ready for occupation by early
next year, has 330 villas in all and is spread across 95 acres.
The gated community, abutting NH 7, has an exclusive club house,
swimming pools, gymnasiums, verdant parks and playgrounds, which give it an
edge over other residential real estate projects in the same space. Each real
estate villa, typically sized between 3,500 and 4,500 square feet, is
constructed in Spanish style and is completely automated.
The Rs 500-cr project has also received an environmental clearance
from the Union ministry of environment and forests. Splendid Aparna Palm is a
60:40 joint venture between the Splendid Group and Aparna Group. The company
claims the real estate project will be the single largest layout in the twin
cities.
“The real estate project is set
to become a leading project one in South India. We have received around 750
enquiries for the remaining real estate villas. What works best for the
customers is the connectivity with the central business area and other social
amenities,” said DS Prasad, director of Aparna Constructions.
Each villa in the real estate project costs around Rs 1.8 cr to Rs
3.4 cr.
“Though the rates are above the prevailing
rates for new commercial and residential projects, they are worth looking at, given the fact that the possession is
immediate,” said George Johnson, city head- Jones Lang La Salle Meghraj.
Real estate Palm Meadows has modern amenities such as fingerprint
access doors, acoustic solutions from Bose Corporation and home automation
system among others. Another additional feature is an integrated solution for
community-based information services to report problems on maintenance issues,
access to common facilities and also provides real time billing.
The property villas, which are to be Andhra
Pradesh’s first solar ready homes, have facilities for rain harvesting and
smart micro-grid for reduction in transmission losses, it is claimed. The real
estate project is about 3 km from the outer ring road and 30 km from the new
international airport. Educational institutes such as DRS International School,
Siva Sivani Public School, Loyola Academy and a host of engineering colleges
are in the vicinity of the real estae project. Also, entertainment hubs like
Dhola-ri-Dhani, Runway-9 and a multiplex amd commercial complex are easily
accessible.
“The resident owners are a mixed bag of professionals featuring
industrialists, retailers, traders, defence personnel and others,” said
Prasad.
