My Home to invest Rs 30,000 crore in new projects
Company delivers 27 million square feet so far and plans to deliver eight million square feet by end of this year
Hyderabad: Hyderabad-based My Home Constructions, a premium real estate (residential and commercial) company, which has completed its 35 years of operations, is taking up a massive investment of Rs 30,000 crore in projects to be executed in Kokapet and Tellapur, Hyderabad adding about 40 million sq ft of real estate space over the next five years.
The company is likely to invest about Rs 15,000 crore in an integrated township in Tellapur spread over 250 acres while an integrated IT hub will be set up at Kokapet in about 80 acres with an investment of about Rs 15,000 crore. It believes Kokapet and Tellapur are Hyderabad’s next most coveted commercial and residential destinations.
The commercial project at Kokapet will be among the largest office spaces in Asia with over 27 million square feet of space. This is being constructed using eco-friendly precast construction technology. At Tellapur, the company’s projects- My Home Ankura (first villa project) and My Home Tridasa (premium lifestyle apartments) will include educational, retail, and entertainment facilities making it a holistic living experience.
The company, which has delivered 27 million square feet so far, is aiming to deliver eight million square feet, which is under various stages of construction, by the end of this year. The company, founded by Dr Rameswar Rao Jupally, now employs over 10,000 people with over 25 projects covering nearly 35 million square feet, having delivered homes to 10,000 customers. The company also has plans to create a sustainable city in Shamshabad.
35-year legacy
Dr Rameswar Rao Jupally, chairman of My Home Group, said, “I started my journey with a mission to provide a quality of living. We have built quality homes for over 10,000 families and host over 50,000 employees in our office spaces.”
“We are bringing a lot of technology into our next commercial projects, be it using BIM till 6D level, pioneering use of precast construction, central district cooling system etc,” added Ramu Rao Jupally, whole time director, My Home Group.
Shyam Rao Jupally, MD, My Home Constructions said, “Keeping the pandemic in context, to aid our customers buy new homes from the convenience of their own homes, we have fast-tracked the introduction of unique digital solutions – virtual viewing (3D Home visualisation) and buying homes online. Home buyers can now avail the above digital solutions for My Home Tridasa at Tellapur. Very soon the facility will be available across properties.”
Rs 6,000-crore My Home Group is today a diversified group with interests in construction, cement, education and other sectors. Last year, My Home Constructions closed with sales of more than 4.5 million sq ft and Rs 3,200 crore revenues.
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