Hyderabad: Hyderabad real estate is set to get another boost and it is expanding beyond the usual IT zone of the city. A real estate development company is planning to set up two major projects in Kompally, Bachupally, and Pati areas of Hyderabad with a construction totaling over 15 million sqft.
Real Estate development company Sahiti Group is planning to accelerate its expansion in Telangana with its upcoming mixed township deluxe projects in Kompally, Bachupally, and Pati. In a release issued on Monday, the company said it is tapping into the recent growing demand for residential projects in the city since the pandemic and the comparatively low prices makes Hyderabad the preferred destinations.
“These two new projects will have over 3,000 residential units for the luxury segment and upper middle-tier families with best-in-class amenities and at easily accessible locations,” the release said.
The company also inaugurated a new office in Madhapur to accommodate 200 new recruits and over 1,000-plus channel partners for customer support, and for the new sales and marketing team for upcoming projects. The group has multiple upcoming and ongoing projects in the pipeline in Telangana and Andhra Pradesh region.
“We are already working on 20 projects including three iconic and large-scale iconic developments with 3,500-plus affordable homes for middle-tier families. We are in talks to raise new funds,” said Dr B Lakshmi Narayan, chairman, Sahiti Group.