Major Development Unveiled
PBEL City, a significant project by PBEL Property Development – an Indo-Israeli joint venture – boasts thirteen residential towers and two commercial towers in Hyderabad on a sprawling twenty-eight acre area. The venture, nestled alongside the upcoming Outer Ring Road in the Rajendranagar Mandal, marks the company's bold step into India’s real estate arena.
First Phase Initiation The first phase of PBEL City is officially underway with the launch of two towers, each hosting five hundred units priced between Rs 41-52 lakh. This phase initiates an expansive project expected to be fully realized in a duration of eighteen to thirty-six months.
Target Demographics and Amenities Mr. Anand Reddy, Director at PBEL, revealed that the project caters to young professionals, aged 25 to 40, often found in information technology, banking, IT-enabled services, and the aviation industry. PBEL has formed a partnership with L&D, an esteemed Malaysian design firm, to offer a range of modern interior designs. However, purchasers are provided the freedom to choose their own design.
Future Expansion Endeavors
Post the Hyderabad venture, PBEL is setting its sights on Chennai and Mysore for future real estate endeavors, expanding its footprint within the country.