Urbanrise Sky Habitat, Miyapur Secures Telangana RERA Registration (P01100006655)
Urbanrise Sky Habitat Secures Telangana RERA Registration
Urbanrise Sky Habitat has received Telangana RERA registration under number P01100006655. The regulatory approval advances the Miyapur-based project through the formal compliance framework established under the Real Estate (Regulation and Development) Act, providing buyers with documented oversight of the development timeline and financial accountability.
Project Scale and Layout
The project spans 10.67 acres and is designed across 5 towers rising up to 42 floors, with premium 3 BHK apartments in multiple configurations including 3 BHK + 3T (1839 sq.ft., North facing) and 3 BHK + 2T (1509 sq.ft., East & West facing).
The development overlooks a 100-acre lake and features extensive amenities. The project includes a 1 lakh sq. ft. clubhouse with more than 200 lifestyle amenities, such as swimming pools, gym, yoga zones, mini-theater, co-working spaces, sky lounges, rooftop skywalk, and a 3.5-acre lakeside park.
Location and Connectivity
The project is ideally located just 5 minutes from Miyapur Metro Station, with excellent connectivity to top schools like Oakridge International and Delhi Public School, healthcare centers such as SLG Hospitals and Mallareddy Hospital and shopping destinations including GSM Mall, Nexus Mall and Manjeera Mall — all within 10–15 minutes.
Miyapur benefits from planned metro expansion under Phase II of the Hyderabad Metro, which includes a proposed route from Miyapur to Patancheru. The locality features developed infrastructure including CC roads, flyovers, metro parks, underground drainage facilities, and 24/7 power supply.
Possession and Investment Context
The project is scheduled for possession in May 2028. As a RERA-registered project, developers must disclose project details, including layout plans, approvals, timelines, and financial statements, on the RERA website.
Under RERA regulations, developers must maintain 70% of the project funds in a separate escrow account to ensure they are used solely for project-related expenses. Buyer investments remain protected through dedicated bank accounts, and if there is any delay in project completion, the developer has to pay a 2% interest rate above SBI's marginal cost of lending rate to the buyer.
Developer Background
Founded in 2017 by a team of real estate industry experts, Urbanrise is a brand of the Alliance Group. Urbanrise has delivered over 22,000+ customers and has 72 million square feet under development with a Rs 51,000 cr. real estate portfolio.
Urbanrise has completed several successful projects including The Summit in Bachupally and Atrium in Tellapur. The group is recognized as South India's largest real estate developer.
Miyapur's Market Position
Miyapur has acquired significant traction for its infrastructural development, with great connectivity, excellent infrastructure base, and increasing demand from buyers for housing in the area, rising its ranks in the list of residential hotspots of Hyderabad. Being in proximity to mainstream areas, Miyapur has experienced a boom in real estate development.
Once a village, Miyapur today is one of the busiest areas in the GHMC limits that boast of multiple industrial facilities for sectors such as IT, pharmaceuticals, and apparel, with more than 40,000 residents.