Urbanrise Ventures into Hyderabad: Acquires 15 Acres of Prime Land for Expansive Residential DevelopmentArun Kumar 23 May 2023
Urbanrise, the largest real estate developer in South India and a subsidiary of Alliance Group, has recently made a significant acquisition in Nizampet, Hyderabad. They have procured a substantial 15-acre land parcel, which is set to pave the way for the development of an exquisite residential community encompassing a staggering 4.8 million square feet. This ambitious project comes with a hefty investment of Rs. 1,925 Crores and is projected to yield a remarkable revenue potential of Rs. 3,400 Crores for the organization.
Renowned for their exceptional projects such as On Cloud33, The World of Joy, The Happening Heights, and Spring is in the Air, Urbanrise has firmly established itself as a prominent presence in Hyderabad. These flagship developments boast world-class infrastructure and unparalleled amenities. With this recent acquisition, the company aims to reinforce its position in the market and tap into the immense potential for premium residential ventures. The forthcoming project promises to embody architectural brilliance, sophistication, and an array of unprecedented amenities that will redefine the city's landscape.
Urbanrise has set its sights on expanding its market share in the coveted golden triangle comprising Bangalore, Hyderabad, and Chennai. Currently operating in these cities, the organization plans to launch innovative projects to further solidify its presence and capture new opportunities.
Suneel Bommireddy, the Vice Chairman of Urbanrise and Alliance Group, expressed his enthusiasm about this strategic move, emphasizing the significance of Hyderabad within their golden triangle strategy. He conveyed his satisfaction with the trust bestowed upon their projects by customers, fueling their optimism to introduce new initiatives in Hyderabad. Their unwavering commitment lies in delivering world-class residential projects with futuristic amenities to the discerning customers of Hyderabad.
Bommireddy further added, "We will continue to cultivate the trust and confidence of our customers by offering high-quality homes in prime locations." With this dedication to excellence, Urbanrise Nizampet aims to solidify its position as a trusted brand that fulfills the aspirations of its clientele.