Kalyani Developers to Invest Rs 5,300 Crore in Housing and Hospitality in South India
Kalyani Developers, a Bengaluru-based real estate company, is set to invest Rs 5,300 crore in housing and hospitality projects in South India, including residential developments in Bengaluru and a mixed-use project in Hyderabad.
Kalyani DevelopersReal EstateHousingHospitalitySouth IndiaReal Estate NewsOct 24, 2024
In a recent announcement, the company detailed its plans to expand its residential portfolio with three projects in North Bengaluru, Whitefield, and Kanakapura Main Road. These projects are expected to cater to the growing demand for quality living spaces in these areas. Additionally, Kalyani Developers is set to develop a mixed-use project in Hyderabad, further diversifying its portfolio.
The overall investment for these residential and mixed-use projects is estimated to be around Rs 4,500 crore over the next two years. The company also has plans to invest Rs 800 crore in the hospitality sector, which includes the construction of two hotels with 300 rooms each in North Bengaluru.
A Mohan Raju, the Managing Director and CEO of Kalyani Developers, expressed his enthusiasm about the new ventures. 'Over the past three decades, we have established a strong reputation in commercial real estate, hospitality, and other sectors such as automobiles and renewable energy. The residential segment presents a significant opportunity for us to leverage our legacy and expertise,' he said.
Mohan Raju further emphasized the company's commitment to quality and efficiency. 'The construction of all projects will be handled by our in-house team, which boasts over 30 years of expertise and has successfully delivered more than 12 million square feet of commercial spaces,' he added.
Kalyani Developers has a robust track record in various sectors, including commercial real estate, hospitality, and automotive retail. With over 75 showrooms across Bangalore, Mysore, and Hyderabad, the company has built a strong presence in these regions. This new investment in housing and hospitality is expected to further solidify their position in the South Indian market.
The company's strategic expansion into the residential and mixed-use segments is a testament to its vision for sustainable growth and development. By focusing on high-demand areas and leveraging its extensive experience, Kalyani Developers aims to create value for its stakeholders and contribute to the urban development of South India.
Frequently Asked Questions
How much is Kalyani Developers planning to invest in housing and hospitality projects?
Kalyani Developers plans to invest Rs 5,300 crore in housing and hospitality projects in South India.
What are the locations of the residential projects planned by Kalyani Developers?
The residential projects are planned in North Bengaluru, Whitefield, and Kanakapura Main Road.
What is the estimated investment for the mixed-use project in Hyderabad?
The mixed-use project in Hyderabad is part of the overall investment of Rs 4,500 crore over the next two years.
What is the planned investment in the hospitality sector?
Kalyani Developers plans to invest Rs 800 crore in the hospitality sector, including two hotels with 300 rooms each in North Bengaluru.
What is the experience of Kalyani Developers in the real estate and hospitality sectors?
Kalyani Developers has over 30 years of experience in commercial real estate, hospitality, and other sectors such as automobiles and renewable energy.
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