Leading South Indian real estate developer Aparna Constructions and Estates Private Limited announced today that Aparna Neo Mall and Aparna Cinemas in Hyderabad will mark the company’s entry into the retail-commercial and entertainment sectors.
Aparna Neo, the only mall in an 8-kilometer radius, is situated in the quickly developing Nallagandla area. It spans 3.67 acres and has an astonishing 3.5 lakh square feet of space. Aparna Constructions has strategically invested INR 252 CR in Aparna Neo and INR 32 CR in Aparna Cinemas, both of which are in line with their larger corporate diversification aims.
Nestled amid the bustling IT district of Nallagandla, the prestigious enclave of Aparna Neo Mall is a symbol of modernity and luxury.Mr. Rakesh Reddy, Director, Aparna Constructions and Estates, discussed the launch and the company’s goals for the upcoming year. “Since 1990, the Aparna Group has consistently diversified its portfolio across a variety of business segments,” Reddy remarked. The entry of Aparna Constructions into the entertainment and retail real estate markets is a significant development in our trajectory of expansion.
In addition to commemorating the opening of our first mall, Aparna Neo reflects our thorough comprehension of the local market dynamics. Hyderabad is expected to become the fourth fastest expanding city in the world due to its thriving IT and GCC sectors, which are drawing a sizable number of new people. Demand for real estate in the residential, business, and retail sectors is rising as a result of this fast urbanization. Aparna Neo is ideally situated to give guests a combined synergy of lifestyle, entertainment, necessities, and dining. There are about 25+ private gated community complexes and 70+ IT firms nearby. A few of the mall’s well-known brands are Centro, Lifestyle, Nykaa, Croma, Azote, and GAP.
Beyond merely physical space, Aparna Neo Mall is a symbol of a coming together of vision, creativity, and unwavering dedication to providing unmatched client experiences. The mall will open for business on May 31, 2024.