Hyderabad is shining despite the COVID impact. The city’s real estate is slowly getting back to the Pre-COVID era. Hyderabad-based realtor Ashoka Builders India Pvt Ltd (ASBL) has snapped a 10-acres of land deal in Kukatpally for a whopping 235 Crore.
This transaction is said to be one of the single largest outright land deals to have been struck in the country in 2021. Godrej group flagship Godrej & Boyce Manufacturing Co Ltd owns the land and put it for auction which is bagged by ASBL now.
ASBL is going to invest another 250 Crore in this project which will be a mixed-use development, including a premium residential development and a Grade A commercial space. The project altogether by the time of completion in June 2025 will go up to 600 Crores.
This deal inforces Hyderabad’s position as one of the most-favored Investors’ destinations in the country for both commercial and residential developments.
