BWI: Sai Constructions to Focus on Flats for Middle Class Families in Tier II and III Cities in Andhra Pradesh

Press release from Business Wire India
Source: Sai Constuctions & Builders
Wednesday, February 02, 2011 01:55 PM IST (08:25 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Information technology, Real estate, Retailers
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Sai Constructions to Focus on Flats for Middle Class Families in Tier II and III Cities in Andhra Pradesh
Sai Narsimha's Arena, Vizag's One of the Tallest Residential Projects Launched

Hyderabad, Andhra Pradesh, India, Wednesday, February 02, 2011 -- (Business Wire India) -- Continued climate of uncertainty in Andhra Pradesh state is fuelling real estate growth in other parts of the state such as Vijayawada, Rajahmundry, Kakinada and Vishakapatnam says Narsimha Raju, Managing Director of Hyderabad and Vishakapatnam based Sai Constructions & Builders. Today is the time of development of tier-II, III and tier-IV cities as metros are congested, he said.

'The Telangana' issue further may erode business confidence in Hyderabad. Builders are foreced to look at alternative investments. So also are the retail investors. The real estate in Vizag, especially in residential sector is multiplying and so are the investments. It is just the right time to invest in property in Vizag as this is the upcoming IT hub on the east coast of the country said Raju.

We have plans to develop residential flats in other parts of Andhra Pradesh like Vijayawada, Kakinada, Bhimavaram, Rajahmundry, Srikakulam, Vijayanagaram as these are tipped as major growth centers he informed. However, out focus will be flats for middle class families to be made available around Rs 7 to 10 lakh.

Sai Constructions and Builders announced a mega landmark residential venture "Sai Narsimha's Arena" in Vishakapatnam. It is for first time in the history of real estate in Vishakhapatnam and in that region, we are all set to take up a construction of 9 floor 205 flats gated community residential apartment project being developed in 1.9 acres land building 2,81,000sq ft area on National Highway No 5. The city boasts of very few projects of this magnitude, informed Raju.

Visakhapatnam is slowly carving its position as the next IT hub of Andhra Pradesh after Hyderabad. Until recently real estate sector heavily depended on Hyderabad and Ranga Reddy district which accounts for more than 40 per cent of the total revenue from property transactions in the state.

About Sai Constuctions & Builders: Over the last four years It has built 150 flats measuring 1,50,000 sq ft area under six different ventures viz Sai Surya Towers, Sai Satya Towers, Sai Vihar, Sai Paradise and Sai Heights.

For more information visit website: www.sainirman.com.


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