Hyderabad, May 27 (NSS): Aparna Constructions and Estates Private Limited, a leading real estate developer in South India, has announced their foray into the retail-commercial and the entertainment segments with the launch of Aparna Neo Mall and Aparna Cinemas in Hyderabad. Located in Nallagandla region, Aparna Neo is spread across 3.67 acres with an impressive expanse of 3.5 Lakh square feet, and is the only mall within the 8km radius. Aligned with their broader business diversification goals, Aparna Constructions has made a strategic investment of Rs 252 cr in Aparna Neo and an additional investment of Rs 32 cr Aparna Cinemas.
“We also have plans for four new malls, each featuring Aparna Cinemas as the entertainment unit across Telangana and Andhra Pradesh, by 2027. Meanwhile, our flagship residential real estate and commercial portfolio continues to grow by 20% and 10% respectively, y-o-y. We are committed to exploring new opportunities and delivering value to our stakeholders, cementing our position as a real estate trailblazer”, added Reddy. (NSS)
