Raghava Iris
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17 insights shared by the community.
What residents appreciate the most
Raghava Iris is highly praised for its opulent design and extensive amenities, notably featuring a unique 1 lakh sq ft rooftop 'Sky Island' with interconnected facilities like jogging tracks, gardens, party lawns, and water bodies. The project, designed by Genesis Planners and inspired by modern Singaporean architecture, aims to offer an exclusive and grand living experience.
The model apartment is actually very nicely done.
Raghava Iris is the new landmark high-rise ultra-luxury residential Apartment project.
First residential tower in Hyderabad to have inter connected amenities on the top floors !!
1 lakh sq ft rooftop island on this luxury residential projects will be sitting over 45 Floor towers, overlooking Durgam Cheruvu lake and Malkam lake. This will have jogging track, gardens, party lawns and water bodies.
Personally, I like the project's design!
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Positioned as one of Hyderabad's most expensive and ultra-luxury apartment projects, Raghava Iris caters to affluent buyers seeking large, premium residences. Flats are noted to start from approximately 8 Cr and above, firmly placing it in the high-end market segment.
A flat in this project is almost 8cr and above.
Projects like this will attract the affluent crowd more due to the amenities.
Flats here starts from approximately 8Cr++
Raghava IRIS, Gachibolwi, the most expensive apartments of Hyderabad.
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The project demonstrates impressive construction speed, with its towers rising quickly and the structure nearing completion. Despite being the builder's first residential project in this segment, the pace and quality of work, including the model apartment, have been noted positively, indicating a commitment to timely delivery.
The model apartment is actually very nicely done... I've seen the towers rising quickly.
Visited Raghava Iris... all three look solid and are coming up really well. The construction quality stood out.
Raghava is in full swing! There’s no delay at all... The project is their first residential one but they have kept it up.
Construction is moving at an impressive pace, and the structure work is almost finished.
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The project has experienced positive sales momentum, including instances of bulk purchases by multiple families. It has also seen multiple price hikes, indicating a strong market sentiment and appreciation in the luxury real estate segment.
The project had decent sales last year.
Look at the prices now.
13-15 families came together and purchased at one go.
The project has seen multiple price hikes, including one just yesterday.
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Raghava Iris is a RERA-approved project, providing a level of assurance regarding its legality and adherence to regulatory standards. This approval is a crucial factor for potential buyers seeking verified real estate investments.
Once RERA is received, it is very much safe to invest.
It's RERA APPROVED.
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Raghava Iris is strategically located in the highly desirable area of Raidurgam, Gachibowli. This location offers excellent proximity to IT corridors and provides scenic views of Durgam Cheruvu and Malkam Cheruvu lakes, contributing to its premium status and strong demand.
The project is located right next to a lake.
The rooftop island overlooks Durgam Cheruvu lake and Malkam lake.
Raghava IRIS is the new landmark high-rise ultra-luxury residential Apartment project launched in Raidurgam, Gachibowli, Hyderabad.
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The project benefits from the expertise of Genesis Planners, a leading architectural firm with over 27 years of experience and a track record of designing numerous large-scale projects. Their involvement contributes to the project's innovative and high-quality design.
Leading Architecture Firm : Genesis Planner : 1994... Completed Design of 150 million Sft Projects : 🌺 Raghava Iris
The project, designed by an Indian architecture practice, stands as a modern marvel.
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Where residents want improvements
The builder, Raghava Constructions, is strongly linked to a current state minister, raising significant concerns about potential political interference, land grabbing cases, and the project's stability if there's a change in government. There have been reports of ED and I-T raids on the minister's residence and the company, adding to the perceived risk.
There are concerns about the project going bankrupt.
The builder is politically connected.
ED raids were conducted on the minister's residence and the company.
The builder was recently booked in a land grabbing case.
The builder is a state minister.
Rumours suggest the project could face similar issues.
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While positioned as an ultra-luxury development, the high starting price of flats (around 8 Cr and above) is a point of discussion. Some potential buyers question if the value offered fully justifies the cost, especially when compared to other established luxury projects in the market.
The project is considered one of the most expensive apartments in the city.
Is this project really more expensive than other established luxury projects?
Flats here start from approximately 8 Cr and above.
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The area around Raghava Iris, particularly the Khajaguda signal and service roads, is already experiencing significant traffic congestion due to existing and upcoming high-rise projects and offices. The poor condition of the service road in front of the project is a daily nuisance for commuters, and future traffic is predicted to be severe.
Future traffic at the Khajaguda signal will be horrible with so many high-rise apartments coming up.
The service road in front of the project needs fixing; it's a daily nuisance for commuters on busy stretches.
The lane is already crowded with existing office space, and once the under-construction office is done, there will be continuous traffic and sounds.
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A significant concern among potential buyers is Raghava Constructions' relatively new presence in the residential high-rise sector, with no completed projects to showcase. This raises questions about their long-term credibility and ability to deliver on promises, despite their reported experience in infrastructure.
Credibility can only be established after seeing something delivered.
The developer seems relatively new and has no completed residential projects.
The project is their first residential one, and all their high-rise projects are under construction.
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Despite its luxury positioning, there are concerns about the high density of units within the project area. This could lead to an overcrowded living experience, potentially impacting the perceived exclusivity and the availability of amenities for residents.
1100+ flats in 7 acres give off more of a fish market than a luxury vibe.
The density is too high.
The number of flats per acre should be less than 130 for a good living experience.
High density (over 200 units per acre) affects the overall living experience.
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Although not explicitly stated for Raghava Iris, a general concern for high-density apartment projects by the same builder is the potentially low undivided share of land (UDS) per flat. This can impact the long-term value appreciation and perceived ownership for buyers, particularly those from the middle class.
The undivided share of land (UDS) for a 4BHK flat is pretty low.
Builders often have very high profit margins, making projects overpriced for the value they bring, partly due to low UDS.
For middle-class buyers, UDS is the single most important factor in deciding an apartment.
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Raghava Iris has been flagged with litigation in its RERA records. Furthermore, the builder, Raghava Constructions, has been booked in a land grabbing case and faced ED and I-T raids, raising red flags about the project's legal standing and the builder's overall practices.
The project has litigation marked as yes in RERA.
The builder was recently booked in a land grabbing case.
ED raids were conducted on the company.
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There are concerns and mentions of potential delays in the construction of Raghava Iris. Some comments suggest that the project is progressing slowly, and there are rumors of it being slowed down due to external factors, including changes in government.
The project is not finishing and is going slow.
There are concerns about the project being slowed down until the government changed, and what if it slows down again after the next elections.
The projects should be completed without delays.
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As a relatively new builder in the residential high-rise segment, there are concerns about Raghava Constructions' long-term ability to effectively manage and maintain the extensive amenities and large common spaces of a high-density luxury project like Iris.
The main problem is with maintenance. As a new builder, maintaining such a huge space of amenities isn't easy, especially with a high-density project.
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Despite earlier positive sales momentum and reported price hikes, recent observations suggest a slowdown in sales for Raghava Iris, with reports indicating only one unit being sold per month. This could be a concern for potential investors or those looking for quick appreciation.
The project is selling only one unit per month, and sales have slowed down.
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