Sky is the limit here

The buzz continues. The site swarms with architects, engineers and thousands of skilled workforce. The ground is excavated, pillars rise and records are set with slabs too. Lanco Hills at Manikonda which promise to metamorphose the city skyline with tallest of the structures is doing a slab every fourth day!

Spread over 30 million sft which include residential, SEZ, retail and hospitality, the Lanco Hills which is promoted by developers as one of the world’s largest single-phase development and represents a world of luxury, convenience and comfort, is getting ready to make available the IT space for utilisation by June next year. “The residential space will be available after that followed by the commercial and then hospitality,” informs S. Pochender, Lanco Hills CEO.

It is a single phase development and the entire work is on.

Nearly 8,000 skilled personnel were already at the task and similar numbers are to join in next few months. “There were some problems but we overcame them and are on path of progress now,” he says.
Villas

On the progress of work, he says a slab every fourth day is what is being done. This is one step further when compared to some of the best developments across the globe that did it in six days or so.

The developers have now decided to add villas to the project. “Villas have a strong demand these days and we will cater the intrinsic demand. The villas are at a drawing board stage and will be finalised in next two months,” Mr. Pochender says.

The residential towers are to be completed in the range of 27 to 34 floors including duplex and three and four BHK types worked out from 1,900 sft to 4,500 sft.

The Signature Tower that promises to stand well above everything else is pending with the Union Ministry of Civil Aviation. “The entire project will be over in three years time”. While 70 per cent commitment has been made for the residential, three major partners have committed for the IT spaces.

The effects of the economy slowdown are clear, but Mr. Pochender is confident that it will stage a strong come back. “There is a slowdown in enquiries. However, the phase is a passing phenomenon and we are sure it will bounce back,” he says.