Hyderabad: Builders in race to build high-rise buildings

Hyderabad: In the next four to five years, Hyderabad is set to witness buildings with more than 40 floors. These buildings will be mainly seen in the IT corridor of the city.

These builders are also hopeful of bagging the title of having the “tallest building in Hyderabad” award.

In the month of February, Bangalore-based construction firm Sumadhura group was in the headlines after it received approval from the municipal authorities to construct a 44 floors high residential venture in the financial district with the project named “Sumadhura Olympus”. The project which is being marketed as the tallest building in Hyderabad is expected to be constructed by 2025.

Another Bangalore-based firm Raja Properties is also building a 39+ floors high rise building in Narsingi whose construction is underway and many of its top floors have been sold out, the officials informed. P.Srinivas Reddy, Executive Director of the firm said that flats on the 30th floor and above have high demand.