/24-7PressRelease/ - HYDERABAD, INDIA, June 11, 2008 - The skyline of Hyderabad is set to change forever. The city is on the threshold of witnessing a phenomenal vertical growth with sprouting high rises.
For over two decades, the 16-floor Babu Khan estate in Basheerbagh remained the tallest building in Hyderabad. But now, with real estate prices going up, cost effective taller buildings are in. That might change Hyderabad's skyline forever. In fact, the city of the Nizams will soon boast of the tallest structures that India has ever seen. APIIC and Lanco are constructing two mammoth structures of over 400 metres.There is a need within the government and outside the government for high rise development," said Pochendar Shenigarapu, CEO, Lanco Hills.
The state has set up a skyscraper zone in Manchirevula, a suburb in Hyderabad, which has a minimum construction limit of 30 floors. The government has also streamlined approvals and removed height barriers.As long as the structure is outside the flying zone, it has got the clearance from AAI; there should not be any limitation in terms of the numbers of floors or height to which it is constructed,? said KS Jawahar Reddy, Vice Chairman, Huda.
Over two dozen buildings of over 100 metres or 30 floors are coming up across the city. Sources say atleast 30 construction companies, including builders from other states, are keen on taking up projects in the city...........
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