Lotus Hirize Properties planning to set up Residential Complex Project in Telangana

Lotus Hirize Properties is a well-known property developer in Hyderabad, India. Lotus Hirize Elysia, a new residential complex project in Narsingi, Ranga Reddy, Telangana, was recently announced by the business. The project will cost 150 crores. The project will cover 3.95 acres and will have three towers with a total of 371 apartments. The flats would be priced between Rs. 50 lakhs and Rs. 1 crore and will range in size from 2 BHK to 4 BHK. The project is slated to begin in early 2023 and will be completed by the end of 2025. 

The new residential complex project is currently being planned. The corporation has already purchased property for the project and is in the process of obtaining the requisite government licenses. The project has also begun to be designed by the company. A swimming pool, gym, clubhouse, children's play area, and landscaped gardens are among the amenities planned for the project. As the corporation prepares for the new residential complex project, it will face a few hurdles. One issue is the scarcity of skilled labour. To develop and build the project, the company will need to hire and train a big number of new personnel. 

Another difficulty is the regulatory environment. For the development of residential properties, the enterprise must adhere to all applicable Indian and state legislation. Despite the obstacles, Lotus Hirize Properties is optimistic about the new residential complex project's success. The organization has a solid track record and is well-positioned to capitalize on Hyderabad's expanding housing demand. Benefits of the new residential complex project The new residential complex project is expected to have a number of benefits for the company and the Indian economy. Additionally, the project is expected to have a number of positive impacts on the local community. For example, the project will create new jobs and businesses in the area. It will also help to improve the infrastructure and amenities in the area.

As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.

News by Rahul Yeligetti