Aparna 건설, 상업용 부동산 1.7k crore 표시 Aparna Constructions marks ₹1.7k crore for commercial realty
[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
Bengaluru: Realty firm Aparna Constructions and Enterprises is diversifying into commercial and retail real estate to beat the slowdown in residential sales.
The Hyderabad-based construction major plans to develop over five million sq ft of office space and around a million sq ft of retail projects across Andhra Pradesh and Telangana to drive growth.
The company will invest over ?1,700 crore through debt and internal accurals to fund its retail and commercial venture.
“We were predominantly a residential development company, but we have to diversify vertically and horizontally to grow our business as the real estate market has suffered both from policy reforms and political turmoil,” said Rakesh Reddy, director, Aparna Cosntructions and Enterprises.
Read more at: