~ Plans to launch six more residential projects in FY21-22 ~
§ Aparna Kanopy Yellow Bells, a residential gated community located at Kompally, Hyderabad, marks the 56th project of the company in Telangana and 5th project in Kompally
§ With this launch, the total residential portfolio of Aparna Constructions reaches 59 projects
Mumbai 25th June, 2021: Aparna Constructions and Estates Private Limited, one of the leading real estate developers in the country, announced that they are investing INR 450 CR into their newest project in Telangana – Aparna Kanopy Yellow Bells. The residential gated community is located in Kompally, an emerging residential belt in Hyderabad. Aparna Kanopy Yellow Bells is the brand’s second launch this year. Their previous launch in April was a luxury gated community project, Aparna Sarovar Zicon, located at Nallagandla, Hyderabad. Aparna Kanopy Yellow Bells marks the 59th residential project of the company. Apart from the current project, Aparna Constructions and Estates Private Limited is planning to launch 6 more residential projects across Hyderabad and Bengaluru in the current fiscal year. In addition to high rise apartments, Aparna Constructions will also be launching 2 plotted layouts and 3 commercial projects this year.
The newly launched Aparna Kanopy Yellow Bells is built on an expansive 10.5 acres and comprises of 1050 Vaastu-compliant apartments spread across ten 15-storey towers. The project comprises of 2 BHK and 3 BHK apartments ranging from 1294 to 1911 sq. ft. The gated community will also include a massive 44500 sq. ft. club house with an array of modern amenities and sports facilities. The project will be tentatively ready by March 2025.
Speaking about the company’s expansion plans, Mr. Rakesh Reddy, Director, Aparna Constructions & Estates Private Limited, said, “2021 is going to be a very crucial and positive year for Aparna Constructions. It marks the brand’s 25th anniversary and we want to celebrate the milestone with rapid expansion plans across all our markets as well as expansion of segments that we cater to. In the next five years, we are looking to build approximately 60 million square feet of projects. Our residential portfolio stands strong at 59 projects and we want to strengthen it further. We also want to fortify our presence in the commercial segment in the coming years, especially in Tier II and Tier III locations in Telangana, Andhra Pradesh and Karnataka.”
“The south real estate market has been growing steadily with many young people preferring home buying over rentals. This reflects in our sales numbers as well, as despite Covid, there has been an increase compared to the last financial year, which is a testament to the customers’ trust in our brand. We want to further capitalize on this growing opportunity. We are not only looking to expand our portfolio to other projects such as plotted properties, but we are also looking forward to entering new markets in the South”, added Mr. Reddy.
Aparna Kanopy Yellow Bells is an extension of the renowned Aparna Kanopy Township. The contemporary apartments are aesthetically designed and equipped with modern technology. The project also has an extensive clubhouse with a wide range of amenities including a Swimming Pool, Well-Equipped Gym, Spa, Outdoor and Indoor Game Rooms, Children’s Play Area, Aerobics Center, Jogging Track and much more. The project is centrally located in Kompally with convenient access to schools, colleges, hospitals, transport centers, entertainment zones and industrial hubs.
Aparna Constructions, a division of the Aparna Group, is one of the largest and the only backward integrated real estate player in South India. The company was founded by Mr. S.S. Reddy and Mr. C.V. Reddy in the year 1996. An Rs.1700 crore company, Aparna Constructions has completed 62 projects, of which 59 are residential properties and 3 are commercial spaces across the states of Telangana, Andhra Pradesh and Karnataka. These projects comprise of fully-integrated gated communities of apartments, villas, plot layouts, and commercial buildings that are spread over 24.5 million sq. ft. of built-up area and an additional 15 million sq. ft. which is currently under development, planning and approval stages. Aparna Constructions is planning to build approximately 60 million sq. ft. in the next 5 years.