Poulomi Estates to Invest Rs 800 Cr in Bengaluru Residential Project
Hyderabad-based Poulomi Estates to invest Rs 800 crore in a residential project in Bengaluru, with a 35-storey luxury complex and 850 apartments.
Real EstateResidential ProjectsBengaluruHyderabadPoulomi EstatesReal EstateOct 03, 2024
The company will construct two towers each in Phase 1 and Phase 2, with a combined area of 18 lakh sqft of apartments. The first phase is expected to be launched by the end of this year. The project will have 850 apartments, ranging in size from 1,600 sqft to 2,500 sqft.
According to Prashanth Rao, director of Poulomi Estates, the company is also working on a residential project of 1.5 million sqft and a commercial project of 1.3 million sqft in Hyderabad. Rao believes that Hyderabad and Bengaluru are future cities, with good talent and infrastructure, and will continue to attract companies, driving demand for residential and commercial space.
Frequently Asked Questions
What is the investment amount for the Bengaluru residential project?
Rs 800 crore
How many apartments will the project have?
850 apartments
What is the size range of the apartments?
1,600 sqft to 2,500 sqft
When is the first phase expected to be launched?
By the end of this year
What other projects is Poulomi Estates working on in Hyderabad?
A residential project of 1.5 million sqft and a commercial project of 1.3 million sqft
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