RV Bhaijikunj - 1, 2, 3 BHK apartments on sale

RV Nirmaan has anno*unced its new residential project RV Bhaijikunj at Kondapur in Hyderabad. The project is coming up in 3.6 acre and would have about 4.8 lakh sq ft construction with 300 residential units, in a combination of two and three BHK units, ranging from 1,000 sq ft to 2,300 sq ft.
the price of Rs 3,200 per sq ft excluding amenities and has announced an early bird discount of 15 per cent. It is promoting the project to its existing clientele first. The firm has, in over two decades, constructed 25 lakh sq ft of residential and commercial spaces.

“The market conditions are improving. The investor community, which has stayed away from investing here for some time, is coming back now to invest in the residential segment,” he said.

The company has seen initial bookings, mainly from the previous clients. The project is estimated to cost Rs 120 crore and depending on the need, it would look for some funding from financial institutions.

The project, which would have a piped gas and power back-up, would offer amenities like gymnasium, club house, jogging track and play parks. The company plans to transfer all these to the residential society for maintenance later.

Also, the commercial space, comprising the shopping arena, ATMs and other utitlities within the project, will be given to the society. The rentals from these will be used by the society for the maintenance of the facilities.

It had transferred the clubhouse and others to the society at its earlier projects – RV Avan*eendra with 465 flats at Miyapur and RV Manyatha with 180 flats at Chandanagar, also in the same corridor, Reddy pointed out.