My Home Akrida
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20 insights shared by the community.
What residents appreciate the most
The project is part of the larger Tellapur Technocity, an integrated township developed in collaboration with HMDA, which is planned to include essential social infrastructure such as a shopping mall, super-specialty hospital, international school, police station, fire station, and even a temple. This comprehensive development is expected to significantly enhance the area's livability and future prospects. Construction for some of these facilities, like a school, has already begun, with the mall and hospital anticipated to follow.
Technocity is a fully integrated township that includes Avali, Sayuk, a shopping mall, super-specialty hospital, international school, police and fire stations, and even a temple. It’s being developed in collaboration with HMDA, so you're getting top-tier infrastructure and planning.
With a shopping mall and hospital planned in that technocity, you should see great appreciation.
I booked during launch at 7200 and overall happy with the progress. Meru school beside Sayuk is also under construction now. Hopefully they complete the commercial mall and hospital soon on opposite land.
We went with Akrida since it already has social infrastructure in place and is close to FD where I work. It's a bit less dense than Vipina, no railway track nearby, and two clubhouses. Also, with a shopping mall and a hospital expected on the opposite land, we felt it would be a good deal.
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The project's pricing, particularly at its launch around ₹7200-₹7350 per sqft, was considered a very good deal and competitive compared to other builders in the area. Prices have shown a steady increase, reaching around ₹7600-₹8200 per sqft, indicating good appreciation potential. This aggressive yet consistent pricing strategy by the developer is seen as a positive for investment value.
Akrida’s pricing is quite competitive. While some buyers feel the amenities charges are steep, the savings on stamp duty and registration fees more than compensate for the premium.
For some reason the developer always prices aggressively and also maintains a steady price increase.
Very good deal to get at 7200. Local builders are also quoting above 7000 in those areas.
Akrida is a very good deal. The launch price was 7200 and now it's 7600 after the standard 100rs discount. They got a very huge response.
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The project experienced overwhelming demand and recorded impressive sales figures, with over 1400 units booked on its launch day. This strong market response indicates high buyer confidence and a perception of the project as a desirable residential option, especially for end-users.
Today crowd at the sales office in Hyderabad.
Heard that 900+ Bookings done for the day and in progress to touch 1500+.
A staggering 1,473 units were booked at the project in Tellapur on the very first day of its launch! This incredible response reflects the real estate demand in Hyderabad.
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The developer is considered a Tier 1 builder with a strong brand reputation in the Hyderabad real estate market. This reputation contributes to buyer confidence regarding construction quality, timely delivery, and overall project maintenance, making it a preferred choice over lesser-known developers.
Brand wise the developer is reliable, and on-time delivery can be expected.
Good deal from tier 1 builder.
The developer is transparent and has no room for negotiations. Anyone can construct but this developer has cracked on how to maintain very well.
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As part of the Tellapur Technocity zone, apartments in the project are exempt from stamp duty and registration charges. This exemption is a significant financial benefit for buyers, potentially saving a substantial amount compared to other projects where these fees are applicable.
Including gst, corpus, amenities. Registration is exempt for this society as it is part of Tellapur Technocity. Applicable for Sayuk, Akrida and Avali.
On a positive note, there might be no immediate registration fees, which could be beneficial for you financially.
The project is part of Tellapur Technocity zone, so registration & stamp duty charges are exempted.
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The project is strategically located in Gopanpally, Tellapur, offering close proximity to major IT and Financial Districts like Gachibowli and Hitec City. It also benefits from good connectivity to the Outer Ring Road (ORR), making commutes to various parts of the city relatively convenient. The area is considered mature with existing social infrastructure.
We chose the project since it already has social infrastructure in place and is close to the Financial District where I work.
The location is Gopanpally, 7 km from Financial District and 10km from Hitech City.
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The project is noted for offering good amenities, including two clubhouses. The developer has partnered with reputable suppliers like Otis India for elevators, ensuring high-speed and seamless vertical mobility across its 12 towers. This commitment to quality infrastructure enhances the living experience for residents.
The project offers very good amenities and the construction quality is good.
Otis India will supply 169 elevators to three projects by this developer, including Akrida (12 towers).
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Contrary to some rumors, legal documents and agreements confirm that buyers do receive an Undivided Share (UDS) of the land. This clarifies that the land is not merely on a 99-year lease, and buyers have proper ownership rights, which is a crucial aspect for long-term property value and security.
There is no lease. It's freehold. There is a Government Order as well and nowhere is it mentioned as lease in agreements. Many buyers did legal checks as well. It's just a rumour spread by competitors.
That's not correct. We booked the flat, got all the relevant documents from the developer and verified them legally. Agreement clearly mentioned UDS etc.
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While some buyers reported issues with random floor allocation, other experiences indicate that it is possible to choose specific towers, floors, and units. Sales representatives often provide lists of available flats, and with persistent follow-up, buyers can secure their desired unit, albeit sometimes with an extra cost for higher floors.
I visited the sales office, and my experience with the sales person was good. He helped with all the answers and I am planning to book one in tower 10 for use.
You can choose your tower, floor and flat. There is some extra cost for high floors.
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The developer has a reputation for on-time project delivery, which instills confidence among buyers. The project is expected to be handed over by December 2028, and the developer's track record suggests this timeline is likely to be met, providing peace of mind for planning future move-ins.
The developer is known for on-time delivery, which is a significant factor compared to other projects.
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Where residents want improvements
The area around the project, particularly Gowlidoddi and the Wipro circle, is already experiencing significant traffic congestion, which is expected to worsen as more high-rise projects become operational. Narrow roads and bottlenecks, especially at Gowlidoddi, make commuting difficult and time-consuming, with some reporting 12km commutes taking 45-55 minutes during peak hours. There are also concerns about the main road near construction sites being damaged and filled with dirt.
The main road near the construction sites of the project and its neighbors is damaged and filled with dirt.
There are concerns about fewer lifts for so many units and potential congestion during morning and evening busy hours.
Traffic is bad. Be prepared to be stuck for 10 to 15 mins at the Wipro signal. Also, Gowlidoddy's narrow roads are a bottleneck. A 12 km commute from that area to work can take 45-55 minutes during peak hours.
Gowlidoddi is already congested, so it might be better to avoid that area.
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The project is characterized by very high density, with a large number of flats (around 3700-3780 units) across 12 towers on approximately 25 acres, resulting in a high number of flats per acre (e.g., 151-163 flats/acre). This high density, combined with neighboring large projects, raises concerns about overcrowding, a 'chokehold' effect, and the overall livability feeling like a 'mini jail' or a 'middle-class community' rather than a luxury one.
Many consider both this project and a similar one to be very high-density, making it hard to imagine how mornings will be when everyone is trying to leave at once.
The project is part of a 3-community cluster, and all are highly dense. It is surrounded by other projects, which could lead to a chokehold issue.
The project's density is higher than some comparable projects, with 8 flats per floor instead of 6.
163 flats per acre is crazy and horrible. It cannot be called luxury or even liveable.
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A significant concern is the sales process, which reportedly involves 'random floor allocation' for new tower bookings, meaning buyers may not be able to choose their preferred unit or floor. This lack of transparency and choice, especially after committing substantial funds, has led to frustration. There are also claims of preferential treatment, where premium units are often allocated to existing flat owners or those with connections before official launches.
It’s not worth it, there’s no transparency at all on the floor allotment process, unless you have connections. You basically don’t have a choice after spending crores.
Availability seems to be a concern, as they are only showing top floors.
Most of the developer's flats are purchased by existing flat owners of their other projects before the official launch. All so-called premium units like corner flats or flats with a view will go to them.
Many are absolutely stunned at the 'random floor allocation.' If one is buying a home, the least they should have is to know where exactly it is and which unit.
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While the project benefits from an exemption on registration fees, the developer appears to offset this by charging significantly higher amenity and infrastructure development fees, reportedly around ₹800 per sqft. This is perceived as a lack of transparency, with some buyers feeling that the developer is 'jacking up' amenity costs to reclaim the savings from registration, leading to a higher overall cost without necessarily providing additional value, such as electric vehicle charging setups which are offered by competitors.
It is heard that while there is no registration fees, the amenities are charged way higher than other projects by the same developer.
The cost of amenities is very high. For 10k plus per sft, one would rather buy near the financial district.
Charging ₹800 per square foot for amenities, infrastructure, and other fees is excessively high. It appears they are offsetting this by providing relaxations in the registration process.
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Numerous accounts describe the sales team's attitude as 'pathetic,' 'horrible,' and 'arrogant,' with some feeling that staff act as if they are doing buyers a favor. There are complaints about poor responses, one-line answers, and a lack of clear information regarding flat availability. Some buyers also reported being misled about the stamp duty benefit, with the developer initially implying they would pay it directly to the government, only to later admit it was a benefit not passed on to the customer.
Just visit their office and talk to salespeople; you’ll be laughing after seeing their attitudes.
Many have experienced the developer's attitude as stunningly poor during the booking process.
The sales team's attitude is the same for all projects: very poor responses, one-line or one-word answers, and no clear answers on availability.
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The project is frequently advised against for investment purposes, with many suggesting it's better suited for end-use. Concerns include a 'dead' resale market, especially for NRIs, and the difficulty of selling flats due to an oversupply of new gated communities in West Hyderabad. The real estate boom in Hyderabad is perceived to have peaked, leading to expectations of slow appreciation, making it less attractive for those looking for quick returns or significant capital gains.
It is not advisable to purchase a flat as an investment, as the supply shortage is gone, and the whole West Hyderabad is filled with new gated communities, making it very hard to sell.
Many believe that buying a home should be for self-living, not as an investment, as the resale market is nearly dead, especially for NRIs.
These projects are good for living but not as an investment.
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There are strong claims and concerns that the land for the project is on a 99-year lease, implying that buyers do not receive an Undivided Share (UDS) of the land. This raises questions about long-term ownership, potential future costs for lease extension, and the ability to secure bank loans without proper UDS. While some counter-arguments suggest UDS is provided, the persistent nature of this concern indicates a lack of clear communication or understanding among potential buyers.
If the land is on lease, future generations will not get any money since they technically don't own the land under the society.
Information suggests that the land for the project is leased for 99 years, which is why registration is waived. This implies there is no UDS.
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Concerns have been raised about the construction quality, with some describing it as 'shit' or 'patchwork' due to tough deadlines, use of non-skilled labor, and internal corruption leading to compromised quality assurance. Specific issues mentioned include poor sound insulation, water contamination, pest problems, noisy corridors, and inadequate maintenance, even in other projects by the same developer, suggesting a broader pattern.
Reports from residents in other projects by the same developer indicate complaints about construction quality, amenities, and density.
A former employee stated that the quality has been declining each year due to tough deadlines, leading to patchwork construction, non-skilled engineers, and compromised quality assurance due to internal corruption.
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Despite some initial competitive pricing, the project is increasingly perceived as overpriced, especially when considering the high amenity charges that effectively negate the benefit of waived registration fees. The overall value proposition is questioned, with some buyers feeling that the aggressive pricing does not justify the cost, particularly when compared to other options or the perceived quality.
The value proposition is not impressive, with a 2200 sqft flat costing 2.3 Cr, making it over 10k per sqft, which is considered too high.
Many feel the project's pricing is aggressive and question if it's a good decision.
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With a large number of high-rises rapidly developing in the Tellapur area, there are significant concerns about a potential severe water crisis in the future. Despite assurances from the developer about borewell and municipal water supply, the sheer demand from thousands of new families raises doubts about the long-term sustainability of water resources, especially given past issues with water tankers pulling from local villages.
The main problem is the lot of new high rises coming up in that area which can cause severe water crisis in the future.
With around 1 lakh apartments to be delivered in Tellapur by 2028, traffic and water issues are expected to arise once all high-rises are occupied.
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