Vasavi Group to launch 5 new projects in 2 years
Onboards film actor Daggubati Venkatesh as the company’s brand ambassador
image for illustrative purpose
Hyderabad Vasavi Group, a Hyderabad-based real estate developer, has lined up five new projects in the city over the next couple of years. The 30-year-old company has so far completed and delivered about 34 residential projects and 17 commercial projects with one crore+ sq ft in the city. Currently, it has around 10 projects with 5 crore+ sq ft under construction in the city.
“Our success story was built on the foundation of quality, integrity, innovation and matchless customer service. Spearheading our real estate development journey, we are coming up with five prestigious residential projects in the city, including two villa projects each at Kompally and Gaganpahad. We will launch these two ventures very soon,” Abhishek Chanda, Director of Vasavi Group, told Bizz Buzz.
“Apart from these two, we already have the land bank to start new residential apartment projects at Pragati Nagar and Gundlapochampally. We have also acquired four-acre land in the central part of the city near RTC X Roads, where we are planning a mixed development project,” he said, without sharing the investment details.
About the new project, Abhishek said: “Vasavi Sarovar is coming up on a 21.48-acre land worth Rs 500 crore at Hitech City-Kukatpally in the city. Out of this, the company has purchased Rs 200-crore worth land and the rest of the land was under development agreement. We are investing Rs 1,500 crore for the construction of the project over the coming four years. We will hand over this by December 2026.”
He further said, “This ultra spacious high-rise residential complex has overall 2,530 units including 85 sky villas and 74 apartment villas in 11 towers, each tower having 29 floors, and three club houses whopping 96,660-sq ft. The project has unique in-house facilities and amenities, crafted particularly for its residents. We have offered an introductory price of Rs 6,999 per sq ft for the first 100 customers.”
The company has recently adopted three lakes – Komati Kunta Cheruvu in Bachupally, Chinna Maisamma Cheruvu in Kukatpally-Hitech City and Mundi Kunta Cheruvu in Hitec City – to protect their flora & fauna and to maintain the beauty. This is a step towards an elevated lifestyle of the residents and sustainable development amidst rising urbanisation.
As a part of corporate social responsibility (CSR) initiative, Vasavi Group is spending Rs 6.5 crore to protect and beautify three lakes in the city, the director informed. The company has recently onboarded film actor Daggubati Venkatesh as its brand ambassador. Very soon, it is planning to run a new campaign with him across print, electronic and digital media. Yerram Vijay Kumar, CMD of Vasavi Group, said: “We have set a new benchmark in the realty sector with adoption of three lakes in the city. Chinna Maissama Cheruvu, which is situated right in front of Vasavi Sarovar, will be beautified, protected and maintained by us to provide a peaceful environment to its occupants, keeping them tranquil and away from the polluted hustle bustle of the urban city life.”
“Vasavi Sarovar is much more than a residential offering, we are known for our residential constructions that have more lung space than other residential offerings. This project features 72 per cent open space with exceptional greenery amidst the soothing lake front. It provides a more comfortable and calming residential experience than any other housing community in the vicinity,”he added.
