Zuari Industries’ arm, Zuari Infraworld, has announced a significant partnership with Gangothri Developers to launch a premium housing project in Hyderabad. The project, named Zuari Gangothri Tribhuja, comes with an estimated investment of over Rs 1,500 crore and will cover an expansive 9.4 acres in the bustling Kollur micro-market. This venture is a testament to Zuari’s commitment to expanding its footprint in the Hyderabad real estate market.
- Zuari Infraworld partners with Gangothri Developers for a Rs 1,500 crore housing project.
- The project will feature nine high-rise residential towers with 1,730 apartments.
Project Overview and Features
The upcoming project, Zuari Gangothri Tribhuja, is set to redefine luxury living in Hyderabad. Encompassing a total development area of approximately 5.3 million sq ft, the project will house nine high-rise residential towers. With an impressive saleable area of 3.8 million sq ft, it will offer 1,730 carefully designed apartments catering to various lifestyle needs. The collaboration between Zuari Infraworld and Gangothri Developers signifies a strategic move to capitalize on Hyderabad’s booming real estate market, which is known for its rapid growth and development.
Akshay Poddar, the Promoter of Zuari Group, expressed enthusiasm about this venture, highlighting the company’s long-standing presence in the core sector. He stated, “We believe Hyderabad is one of the fastest-growing cities with a bright future and we want to be a part of it.” This sentiment is echoed by Alok Banerjee, CEO & Director of Zuari Infraworld, who referred to the project as a significant milestone in their growth story. With their extensive experience in delivering over 3 million sq ft of residential and commercial developments across various cities, the team is geared to create quality living spaces that resonate with modern demands.
Market Impact and Future Prospects
This development is expected to have a profound impact on the Hyderabad real estate landscape. As the city continues to grow, driven by technological advancements and a burgeoning workforce, projects like Zuari Gangothri Tribhuja will contribute to meeting the increasing demand for housing. The collaboration of established players such as Zuari Infraworld and Gangothri Developers also sets a precedent for future partnerships in the industry.
Moreover, with the influx of professionals and families seeking homes in Hyderabad, the project is poised to attract potential buyers looking for premium living spaces. As the project progresses, it is anticipated to enhance the overall infrastructure in the Kollur area, further solidifying Hyderabad’s reputation as a preferred destination for real estate investments. With Zuari Infraworld’s commitment to quality and innovation, the future of this venture looks promising, potentially leading to more developments in the region.
