Kalyani Developers Enters Housing Market with ₹4,500 Crore Investment in Bengaluru and Hyderabad
Kalyani Developers, known for its strong presence in commercial real estate, is making a significant foray into the residential sector with a ₹4,500 crore investment over the next two years in Bengaluru and Hyderabad.
Kalyani DevelopersResidential Real EstateBengaluruHyderabadInvestmentReal Estate NewsOct 24, 2024
Strategic Investment in Residential Real EstateKalyani Developers plans to invest ₹4,500 crore over the next two years in housing projects in Bengaluru and Hyderabad. This investment will be directed towards land acquisition, project development, and sustainability initiatives. The company's ambitious plan includes the launch of three residential projects in North Bengaluru, Whitefield, and Kanakapura Main Road, along with a mixed-use development in Hyderabad.
Vision and ExpertiseA Mohan Raju, Managing Director and CEO of Kalyani Developers, emphasized the strategic move into the residential sector. 'Over the past three decades, we’ve established a strong reputation in various sectors. The residential sector presents a significant opportunity for us to leverage this legacy and expertise, aligning with shifting market dynamics and consumer expectations,' he said.
Project Highlights- North Bengaluru Kalyani Developers will launch its first residential project in North Bengaluru, a rapidly developing area and a key real estate hub. The company has chosen this location based on its strategic importance and growth potential.- Whitefield and Kanakapura Main Road Two more residential projects are planned in these areas, known for their thriving IT presence and infrastructural development.- Hyderabad Mixed-Use Development In addition to the residential projects, Kalyani Developers will develop a mixed-use project in Hyderabad, further diversifying its portfolio.
Additional InvestmentsBesides the residential projects, Kalyani Developers is also planning to invest ₹800 crore into two hotels, each comprising 300 rooms, in North Bengaluru. The construction of all projects will be handled by the company’s in-house team, ensuring quality and efficiency.
Commitment to Quality and InnovationMohan Raju highlighted the company’s commitment 'Our focused investment plan will ensure that each project embodies our commitment to quality, innovation, and long-term value creation for homeowners and investors alike.'
Historical SuccessSince 1991, Kalyani Developers has delivered over 12 million square feet of office space across various projects, including Kalyani Planet Tech Park, Kalyani Magnum, Kalyani Platina, and Helios Business Park. The company is also set to develop tech parks on the Outer Ring Road (ORR) in Bengaluru, spanning 3 million square feet, and a proposed BTS development in Devanahalli.
ConclusionKalyani Developers' entry into the residential real estate sector with a substantial investment of ₹4,500 crore over the next two years in Bengaluru and Hyderabad underscores the company's commitment to quality, innovation, and sustainable development. This strategic move is poised to create significant value for homeowners and investors in these vibrant real estate markets.
Frequently Asked Questions
What is Kalyani Developers' investment plan in the residential real estate segment?
Kalyani Developers plans to invest ₹4,500 crore over the next two years in residential projects in Bengaluru and Hyderabad. This includes land acquisition, project development, and sustainability initiatives.
Where are the three residential projects planned in Bengaluru?
The three residential projects are planned in North Bengaluru, Whitefield, and Kanakapura Main Road.
What additional investment is Kalyani Developers making in the hospitality sector?
Kalyani Developers is planning to invest ₹800 crore into two hotels, each comprising 300 rooms, in North Bengaluru.
What is the significance of North Bengaluru for Kalyani Developers?
North Bengaluru is chosen for its rapid development and growing importance as a key real estate hub, making it a strategic location for Kalyani Developers' first residential project.
What is Kalyani Developers' historical success in real estate?
Since 1991, Kalyani Developers has delivered over 12 million square feet of office space across multiple projects, including Kalyani Planet Tech Park, Kalyani Magnum, Kalyani Platina, and Helios Business Park.
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