Aparna Constructions Ventures into Retail and Entertainment with Rs. 284 Crore Investment
Aparna Constructions and Estates Private Limited
Real EstateRetailEntertainmentAparna ConstructionsAparna Neo MallAparna CinemasReal EstateMay 27, 2024
Located in the rapidly developing Nallagandla region, Aparna Neo is spread across 3.67 acres with an impressive expanse of 3.5 Lakh square feet, and is the only mall within the 8 km radius. Aligned with their broader business diversification goals, Aparna Constructions has made a strategic investment of Rs. 252 cr in Aparna Neo and an additional investment of Rs. 32 cr in Aparna Cinemas.
Aparna Neo Mall stands as a beacon of sophistication and modernity, boasting an impressive array of 80+ meticulously curated stores, setting the standard for upscale retail experiences. Aparna Neo is dedicated to serving the needs of over 25,000+ upper-mid & upper segment families in the region, offering a wide range of luxury cosmetics, high-end apparel, travel necessities, technology, gourmet dining, and premium quality entertainment options.
Furthermore, Aparna Neo Mall will boast an array of retail offerings, complemented by the addition of Aparna Cinemas, providing patrons with a top-tier cinematic experience. Aparna Cinemas features state-of-the-art facilities, including the latest Dolby sound systems and 4K projection screens, ensuring an unparalleled audio-visual experience.
Speaking about the launch and the company’s business plans for the year, Rakesh Reddy, Director, Aparna Constructions and Estates said, “Since 1990, the Aparna Group has consistently diversified its portfolio across a variety of business segments. Aparna Constructions’ foray into the retail real estate and entertainment segments is another monumental step in our growth trajectory. Aparna Neo not only marks the milestone of our first mall launch, but also echoes our in-depth understanding of the market dynamics in the region.
The launch of Aparna Cinemas reflects Aparna’s strategic commitment to create more tailored experiences for their consumers. The entertainment and media industry in India is growing significantly and is expected to reach $73.6 billion by 2027. Subsequently, the number of theatre-goers has also increased by 29% reaching 15.7 crore individuals in 2023. With premium facilities and the latest technology, Aparna Cinemas is set to offer an unmatched cinematic experience and is optimistic to capture the entertainment market in South India.
Aparna Constructions and Estates Private Limited is a leading real estate developer in South India, with a diversified portfolio across various business segments. The company has consistently grown its residential real estate and commercial portfolio, and is now expanding into the retail and entertainment segments.
Aparna Constructions and Estates Private Limited is a renowned real estate developer with a strong presence in South India. With a legacy of over three decades, the company has built a reputation for delivering high-quality projects that meet the evolving needs of its customers. Aparna Constructions is committed to exploring new opportunities and delivering value to its stakeholders, cementing its position as a real estate trailblazer.
Frequently Asked Questions
What is Aparna Neo Mall?
Aparna Neo Mall is a retail-commercial mall located in the Nallagandla region of Hyderabad spread across 3 67 acres with an impressive expanse of 3 5 Lakh square feet
What is Aparna Cinemas?
Aparna Cinemas is a state-of-the-art cinema multiplex located within Aparna Neo Mall featuring the latest Dolby sound systems and 4K projection screens
What is the investment made by Aparna Constructions in Aparna Neo Mall and Aparna Cinemas?
Aparna Constructions has made a strategic investment of Rs 252 cr in Aparna Neo Mall and an additional investment of Rs 32 cr in Aparna Cinemas
What are the future plans of Aparna Constructions?
Aparna Constructions has plans to launch 4 new malls each featuring Aparna Cinemas as the entertainment unit across Telangana and Andhra Pradesh by 2027
What is the expected growth of the entertainment and media industry in India?
The entertainment and media industry in India is expected to reach $73 6 billion by 2027 with a significant increase in the number of theatre-goers
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