Real Estate: 3500 Flats Adjacent To Ring Road

It is known news that the economic recession has been eating into the companies in a big way and everywhere there is despair and disappointment. The worst affected in all this is the real estate market and tycoons have been spending sleepless nights over how to part with their constructions.

However, here seems to be one company that has kept all that at bay and is standing up to the challenge. They call themselves the ‘Commune’ and hail from the pub city Bangalore. They are here in Hyderabad with a venture near the Outer Ring Road and have been progressing constantly with their construction work.

There is news that they have purchased around 60 acres near the Tellapur village and are coming up with 3500 flats that are ranging between 20Lakhs – 1.8 crores. Given the fact that it is adjacent to the Ring Road, the makers are positive that their venture will be a good success and we are waiting to see how they are going to come up with their bookings. But who is there to book them now? Everybody is with crossed fingers and tensions due to recession. Banks are also not giving loans as earlier.