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Sumadhura Group to invest Rs 1,500 crore in next four years in Hyderabad, Real Estate News, ET RealEstate

Sumadhura Group to invest Rs 1,500 crore in next four years in Hyderabad, Real Estate News, ET RealEstate
HYDERABAD: Realty player Sumadhura Group plans to invest Rs 1,500 crore in Hyderabad’s residential realty market over the next four years, a top official of the company said.

This includes its share of the investment in the city’s tallest residential towers, the 44-storeys tall Olympus, in the Nanakramguda area that Sumadhura Group and Vasavi Group are setting up at a cost of Rs 1,000 crore.

Apart from the Olympus project that will come up near Waverock building, Sumadhura is also planning a residential project on a 10-acre site near Shamshabad airport that will commence next quarter, Sumadhura group MD Madhusudan G said.

Also on the cards is a residential project at Kokapet for which it has acquired 4 acres of land, he said, adding that though the land has been acquired, registration formalities are yet to be completed.

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