Having failed to take off in the last six years,is the ICICI Venture-led Jubilee Hills Landmark project coming up near KBR Park in Hyderabads plush Jubilee Hills area,turning into a housing complex

There is much speculation that the project that was coming up on the 5.7 acre plot is turning purely residential and that it would be the most expensive property the city has seen.While its original plan included a star hotel,multiplex and international retail outlets,it is said that the promoters of this venture (comprising  Nagarajuna Constructions apart from ICICI) are banking on the high residential pricing it would attract in this part of the city.
Those familiar with the development note that the project might have a pricing of Rs 10,000 to Rs 15,000 per square feet (sft).

While a final plan is still awaited,those in the know say that the premises will have 300-350 sprawling houses,each measuring over 3,500 sft.

It is learnt that the reworked project plan will be submitted to the GHMC shortly.They have not yet submitted the plan but they did make enquiries last week about the possibility of turning it into a completely residential project, said G V Raghu,chief city planner,GHMC.