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Construction : Web Exclusive | November 2012 | Source : Construction Update

BRC Infra to complete 1st tower of Rs 3 bn project by 2013

Hyderabad-based realty firm BRC Infra expects to complete the first tower of its 1.2 million sft residential project in Manikonda near Hyderabad by June, 2013.

The first phase of the Rs 300-crore residential project — BRC Sri Hemadurga Sivhills — is said to be completed and the firm invested Rs 30 crore in the phase.

The project, which was started last year will have seven blocks including 84 floors and 742 apartments upon completion by 2016.

The company, which was floated a year ago by city-based BR Constructions, would fund the remaining project partly by financial institutions and by the sale of apartments.

The gated community project will have amenities such as walking track, senior citizens area, sand pit, children play area, water jet plaza, amphitheater among others.

Apart from this, the company has two projects — a 700-apartments project at Madinaguda and a 250-apartments project at Miyapur — in the pipeline, These would start by early next year, Bhaskar said. The company also owns land banks in Visakhapatnam, Vijayawada and Guntur.

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