KONDAPUR | The Iconia | 19 fl x 19 | U/C

[vasu2007]

The progress of the project has been definitely affected by the lehman bankruptcy and the turn of events thereafter. It had a PE funding component from lehman. If they manage to survive the downturn and pull it of...it will be a truly great project in Hyderabad.

[Mango525]

has a very nice and modern design

[harsh1802]

Their Sales Lounge is impressive. Way to floor your prospective customers ha...

[Babji]

Date:11/04/2009 URL: http://www.thehindu.com/2009/04/11/s...1161200600.htm

T. LALITH SINGH

Builders stoop to conquer

The Iconia projects at Kondapur are being scaled down to woo potential buyers

Bharat Infratech has announced a price reduction of 25 per cent for its project ‘The Iconia’.

In a statement issued here, the developer said ‘The Iconia’ being one of the premium projects taking shape at Kondapur should enthuse buyers looking for a property after the revised pricing which starts at Rs.56 lakh per apartment.

“As we promised to our customers we extended this price to them as well. The new price starts from Rs.2,899 per sq. ft.,” the company statement said.

The prices of the project were reduced while keeping the specifications unchanged and the construction was going as per schedule, the release added.

Stating that during March 2009, there has been evidence of interest levels going up as compared to last three months, the developer expect of a further rise in the interest levels among buyers with this price reduction. “We are coming into the market with this price reduction only after we informed our existing customers and their feedback has been encouraging,” the statement added.

For last six months in the wake of global economic meltdown, the property scene has witnessed a dwindling interest among buyers and the construction industry has been working on various ways including coming out with affordable housing .

[ranga]

Rs 56 lacs is affordable housing?

[harsh1802]

They have updated pictures over here.......

http://iconia-hyd.bharat.co.in/progress-st-site.html


And even better.........a live cam feed!!!

http://220.227.254.172/en/AViewer.html

[Hindustani]

www.projectsmonitor.com

[Babji]

wow! thanks for pix @Hindustani.

The new price starts from Rs.2,899 per sq. ft.

thats a cool price for this kind of a place! I'd have bought 2, if had money !

[bobbie501]

This shot is more vibrant than the previous one posted thanks Hindustani for posting it.

[Mango525]

cool pic Hindustani.

[great india]

http://iconia-hyd.bharat.co.in/progress-st-site.html

updated again!

[carzzz12]

This project has a world class site office...I hope the apartments are as good as office

[rizwan3]

http://www.youtube.com/watch?v=Enaliu2B2Os

[Praveen36]

the renders look pretty classy.....ne updates regarding the construction??

[sudhansu_shekhar]

[stormmaker]

Any updates on this project? Anyone? The last updated pics on the website are from Aug 2009.

[vin_hyd]

[infidel_sky]

Originally Posted by vin_hyd

That has been the status for the past 10-12 months!

No activity at the site now.

[ir desi]

I had completely forgotten about this project, but I still love it as much as 2 years ago. No other project I have seen in India so far has been so well designed. It's an utter shame that this project is stalled.

[sasi_240]

This project is doomed for ever and would never complete fully.. and moreover the news is they sold their iconic sales office because they can't pay salaries to the sales people. You can see some mischief on the sales building with lot of window panes broken........ hurled stones.