Financial District

Jun 21, 2024

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Nanakramguda financial district | ASBL Spectra reviews:

Seems like ASBL Spectra is a good project given its scale and price range. What's drawing so much interest to this location? The Financial District in Hyderabad has been booming, especially with its proximity to IT hubs and business centers. ASBL Spectra's strategic location is a significant draw. Any drawbacks on the project or location? need opinions and insights on this.

28 Comments

Aadipu29

With Congress pushing for a metro extension and other projects, would that significantly enhance Hyderabad's connectivity and real estate appeal?

ShreyaTudu

Definitely, any improvement in public transport, like the metro extension, directly boosts real estate values in the surrounding areas due to improved accessibility.

Iishim92

It should, especially if they extend it till BHEL and Financial District as planned. This could make some less-popular areas more appealing too.

ShreyaTudu

Not just real estate, it would enhance the overall lifestyle of residents too. Easier commute means less traffic stress and more personal time.

Praful

are the plans similar in all the towers? or like some other projects, there's a premium tower, and different category of flats in some other tower, like that?

ShreyaTudu

There are 3 size options in Spectra - 1980, 2210 and 2220 sqare feet. facing optios should be there for all the sizes and i think all the options should be there in all the towers. You should be able to select according to your preferences - tower and facing.

ArohiDas

With the hike in rental prices in Hyderabad, especially in IT corridors, do you think spectra is still a viable option for new professionals moving to the city?

Rgudapat

Honestly, it’s becoming tough. Rents in areas like Gachibowli and Hitec City have shot up drastically. A newbie might have to consider sharing to manage costs. Renting a complete flat is very expensive, for buying you need to plan your finances for the upcoming decades also which is even difficult, but should be the right choice in most of the cases.

Iishim92

It’s a bit alarming. Someone from my office recently moved and mentioned rents are now no less than 50,000 for a decent 3BHK! It's not just the rent; overall cost of living is up too. if looking into financial disctrict, areas around spectra, rent for 3 BHK is even reaching 70k. From the perspective of buying, this is a good aspect considering rental yield for roi.

ArohiDas

Maybe the upcoming influx of residential units will ease this up soon? I read somewhere that around one lakh units are expected to be added to Hyderabad's inventory in the next couple of years.

Aadipu29

How significant is the role of Congress in developing Hyderabad’s infrastructure? They claim to have made substantial contributions.

Praful

It's true to an extent. Projects like the Metro Rail and bringing Krishna & Godavari waters to Hyderabad were pivotal and happened under their regime.

BkumarHome

Their role in setting up infrastructure has been noteworthy. However, voters often look at the present condition and ongoing contributions when making decisions.

Rgudapat

Regardless of party lines, it seems infrastructure development in Hyderabad has always been a priority. It's more about the consistent effort which counts.

FedrickDsouza

7.85 acres and 1186 flats seem dense. Does it feel overcrowded?

BkumarHome

Density shouldn't be a factor for skyscrapers, because the construction is vertically optimised. had it been a low rise building on a small land then density is a concern because the total usable area would be less for a large no. of people.

Aadipu29

Considering the potential for a rental price correction in Hyderabad, is it the right time to invest in properties here?

BkumarHome

It could be a smart move. If the prices stabilize or drop after the new units hit the market, there will still be long-term appreciation given Hyderabad’s growth trajectory.

ShreyaTudu

I'd say, keep a close watch on market trends before jumping in. The affordability factor plays a huge role, and with current trends, buyers might be cautious.

BkumarHome

Absolutely, with more housing units on the horizon, developers might offer competitive prices, which could be a great opportunity for investors.

Aadipu29

How reliable is Ashoka Builders in terms of construction quality and delivering on their promises?

Rgudapat

They have a solid track record, having successfully delivered spire and this development is expected to follow the same standards. Loft is also selling out fast.

BkumarHome

ASBL is known for their good construction quality and sticking to delivery schedules, which speaks volumes.

Debjani

Are the prices quoted for ASBL Spectra justified? more than 2 Cr for 3 BHK

ShreyaTudu

For the current market, looks just the right price for entry, not cheap not expensive. Comparing with other luxiry projects in the vicinity in Financial district, spectra's price would still on the lower side. Western constructions has a project in the same location and slightly bigger unit sizes in 3 bhk is more than 2.5 right now. Spectra i think is around 2.1, 2.2.

BkumarHome

It's on par with most premium projects in the locale. Density per acre is about 149 units, which is not less for sure, but shouldn't be a problem for a skyscraper.

FedrickDsouza

What's the latest on the nearby facilities around ASBL Spectra? How well is it located in terms of social infrastructure?

ShreyaTudu

There's pretty much everything within a 3km radius - schools, hospitals, and even malls. one of the most well-established area in terms of facilities.

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