Hyderabad realty firm plans ‘Hub’

Aliens Developers, a Hyderabad-based realty firm, has tied up with SMC Alsop, the London-based architects, for a slew of new projects it has planned in and around the City.

Aliens, which is essentially into building residential space, has plans to launch Space Station 1&2 projects in the next six months and a massive ‘Hub’ project by end of 2008.

Mr Hari Challa, Managing Director of the 4-year-old company, said Ernst & Young Consultants have been entrusted with a feasibility report for the Aliens Hub project, planned about 40 km from the upcoming International Airport on the Srisailam highway.

Land acquisition

The company has already acquired 700 acres of land and plans to buy up another 700 for the project, which will have villas, luxury homes, high rise apartments, farm houses and commercial enterprises. The project is planned in two phases over the next 10 years, Mr Hari told newspersons.

For the Rs 4,000-crore Space Station 2 project, again about 10 km from the airport, plans to create 17 million sq ft in high-rise apartment of 2-3 bedrooms. The project will be launched in May next year.

Aliens Developers will start the Rs 1,100 crore, Space Station-1 project by the end of this month at Tellapur on a 20-acre land with intent of creating 4 million sq ft.