Kalyani Developers to Invest Rs 5300 Crore in Housing and Hotel Projects
Kalyani Developers plans a significant investment of Rs 5300 crore in residential and hospitality projects, with Rs 800 crore allocated for two hotels in North Bengaluru.
Real EstateHousing ProjectsHotel DevelopmentKalyani DevelopersSouth IndiaReal Estate NewsOct 24, 2024
In addition to these residential projects, Kalyani Developers is also planning a mixed-use development in Hyderabad. The overall investment for these projects is expected to be around Rs 4,500 crore over the next two years.
The company has also outlined an investment of Rs 800 crore for the construction of two hotels, each with 300 rooms, in North Bengaluru. This strategic move underscores Kalyani Developers' commitment to expanding its footprint in the hospitality sector.
A Mohan Raju, Managing Director and CEO of Kalyani Developers, stated, 'Over the past three decades, we have established a strong reputation in commercial real estate, hospitality, automobiles (with more than 75 showrooms in Bangalore, Mysore, and Hyderabad), and renewable energy. The residential segment presents a significant opportunity for us to leverage our legacy and expertise.'
Raju further emphasized the company's in-house construction capabilities, saying, 'The construction of all projects will be handled by our in-house team, which boasts over 30 years of expertise and has successfully delivered 12 million+ square feet of commercial spaces.'
Kalyani Developers' diversified portfolio and extensive experience in various sectors make it well-positioned to execute these ambitious projects. The company's focus on sustainable and high-quality development aligns with the growing demand for modern living and hospitality solutions in South India.
With this substantial investment, Kalyani Developers is poised to make a significant impact on the real estate landscape, creating new opportunities and enhancing the quality of life for residents and visitors alike.
Frequently Asked Questions
What is the total investment planned by Kalyani Developers?
Kalyani Developers plans to invest Rs 5,300 crore in housing and hotel projects in South India.
Where are the residential projects planned by Kalyani Developers?
The residential projects are planned in North Bengaluru, Whitefield, and Kanakapura Main Road.
What is the investment amount for the hotel projects?
The company is planning to invest Rs 800 crore in two hotels, each with 300 rooms, in North Bengaluru.
What other sectors is Kalyani Developers involved in?
Kalyani Developers is involved in commercial real estate, hospitality, automobiles, and renewable energy.
Who is the Managing Director and CEO of Kalyani Developers?
A Mohan Raju is the Managing Director and CEO of Kalyani Developers.
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