Janapriya Upscale to invest Rs 1,250 cr in 4 projects
Aims revenue in range of Rs1,500-2,000 cr from these upcoming ventures over the next few years
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Janapriya Upscale has 4 ongoing projects Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, Nile Valley in Chandanagar and has announced 2 other projects, Bahiti in Chandanagar and Batasingaram near Ramoji Film City. It is waiting for necessary permissions for 2 more projects
Janapriya Upscale, a division of the 39-year-old Janapriya Group which has delivered more than 37,000 homes, is set to invest about Rs 1,250 crore in four new residential projects in Hyderabad. Managing Director K Kranti Kiran Reddy expects revenues of Rs 1,500-2,000 crore from these upcoming ventures in the next few years.
"Janapriya Upscale caters to the demand for premium homes, ensuring that our residential units are accessible to customers who can avail home loans for at least 80 per cent of the total cost," said Kranti Kiran, son of Janapriya Group Founder & Chairman K Ravinder Reddy. "Our family collectively invests in land parcels closer to the city, similar to our existing projects."
Discussing the company's current endeavors, Kranti Kiran explained, "In Hyderabad, we have ongoing projects such as Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, and Nile Valley in Chandanagar. Additionally, we have announced two new projects – Bahiti in Chandanagar and Batasingaram near Ramoji Film City."
He elaborated on the Bahiti project, which is situated close to the previous Nile Valley venture, stating, "Bahiti will feature five towers, each comprising 48 3BHK units ranging from 2,075-2,120 sq ft, with prices starting at Rs 1.5 crore per flat. Each flat will boast a spacious balcony accommodating 20-30 persons. The project is currently in the foundation stage. We have already acquired RERA and other permissions and are likely to launch this soon.”
"Janapriya Upscale is investing Rs 300-350 crore in land and in the construction of the Bahiti project. Additionally, we are developing Batasingaram, a 25-acre villa project adjacent to Ramoji Film City near Vijayawada Highway. Villa sizes will range from 2,700-5,000 sq ft, ensuring a minimum 10 ft distance between each villa with no two villas in a single line, thanks to the picturesque hilly terrain," he added.
The company is also planning another villa project on 15 acres in Keesara and a 30-lakh-sq-ft apartment project on 15 acres in Kongara Kalan, where Foxconn is establishing its manufacturing unit. Permissions for these two new projects are pending, with an investment of nearly Rs 900 crore earmarked for their construction.
Kranti Kiran mentioned the finalization of two farmhouse projects in Hyderabad's outskirts, although he did not disclose their exact locations. He expressed personal interest in open plot projects within reasonable proximity, emphasizing the company's commitment to developing residential projects within city limits, allowing customers to realize their dream homes within 2-3 years.
