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Hyderabad News.Aurobindo Group launches Rs.3000 Crore worth Real Estate Projects in Hyderabad
(Excl Ventures News.)Aurobindo Group is launching 14 million sq ft of commercial, retail, residential and hospitality projects in Hyderabad. They have planned an investment of around Rs 3,000 crore over the next three to five years through their real estate venture, Aurobindo Realty & Infrastructure Pvt Ltd.
Aurobindo Group is also developing in Madhapur, a 1 million sq ft mall which will be operated by Abu Dhabi based Lulu Group
It has already made a quiet debut in the real estate market with three commercial projects coming up in the vicinity of the IKEA store in the IT hub of Madhapur.
The projects include what are touted as two of the tallest precast office buildings in India at 105 meters (25 storeys) – Galaxy (1.9 million sq ft and floor plate of 80,000 sq ft) and Orbit (1.1 million sq ft and 50,000 sq ft floor plate).
The company plans to complete its first project – Galaxy Towers – by May 2020. Orbit and Lulu Mall projects are likely to be completed by May 2021. Comment : Aurobindo Group seem to be the first major challenger to the otherwise strong Bangalore based commercial space developers in Hyderabad.
Keyword Tags Hyderabad News,Aurobindo Real Estate Projects in Hyderabad, Aurobindo Mall in Hyderabad
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