Keerthi Estates, a Hyde¬rabad-based real estate developer with two decades of experience and operations in Hyd¬erabad and Bangalore, has laun¬ched its premium luxury residential complex – Richmond Villas – in Hyderabad. The gated-villas project, consisting of 157 villas of 4BHK,

is coming up over 24 acres of lush green landscape near Andhra Pradesh Police Academy circle, close to the new International Airport.

Each villa, ranging from 3,400 sq ft over 300 square yards to 4,000 sq ft over 466 square yards, will be built as triplex and will have a huge multipurpose hall, which could be converted into a mini theatre or bar or gym based on the buyer’s choice, said K Anil Kumar Reddy, managing director, Keerthi Estates.

Each villa would cost between Rs 1.25 crore and Rs 1.85 crore..

The project is well connected to the IT hub, financial district, Hi-tech city, international schools, hospitals, educational institutions and retail shopping -- all reachable within 10-15 minutes, Reddy told Financial Chronicle.

The company has secured all the approvals for the project and began construction so as to complete the project by the end of 2013. “We have already completed two model villas and work on 15 villas is now at an advanced stage. There has been good response to the project so far and more than 30 villas were bo¬oked,” said Reddy.

With around 52 per cent open area in the gated villas project, the company is offering key amenities such as a smartly designed clubhouse loaded with sports facilities, a swimming pool and an air-conditioned gym among others. The project also offers a waste management system with sewerage treatment plant, supported by water harvesting system and solar fencing all around.

some 1 million sq ft is currently under development in Hyderabad and Bangalore.

Source: April 29, 2011,www.andhrabusiness.com