Boston Living to develop Rs 250cr co-living project at GMR Hyderabad AeroCity
Hyderabad: Boston Living, an incubation venture of Incor Group, signed definitive agreements with GMR Hyderabad AeroCity to develop co-living and serviced residences. The project will roll out 1,500 beds over multiple phases and see an investment of Rs 250 crore.
The new project will be named “The Landing by Boston Living”. As part of the agreement, GMR Hyderabad AeroCity will lease land to Boston Living to develop five lakh sq ft space. The agreements were signed by Aditya Surneni, director/COO, Boston Living and Aman Kapoor, CEO, Airport Land Development, GMR Group.
Aditya Surneni, director, Boston Living said, “This project is going to be a one-of-its-kind property, at par with international standards. We are expecting to complete the first phase of this project during the third quarter of FY 2022-23.”
Boston Living at GMR Hyderabad AeroCity will be a unique offering as a purpose built co-living development with serviced residences. It will provide living in a safe and secure environment to its residents. Boston Living will address the short-, medium- and long-term rental accommodation needs of GMR Hyderabad AeroCity and the southern Hyderabad micro-market.
Boston Living runs one of India’s largest single location co-living facilities of 500 beds at Kondapur, Hyderabad. Founded with the aim to provide professional real-estate management, Incor delivered its first project – PBEL City, a residential apartment complex in Hyderabad.
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