The brand new firm would deal with the Hyderabad market to begin with. “We’re focusing on to develop 20 million sq. toes of residential and business areas within the subsequent 5 years,” MSN Reddy, Founder, Chairman, and Managing Director of MSN Group, has stated.
“Over the subsequent 5 years, we’ll develop residential and business areas in Hyderabad’s most vital areas like Neopolis, Manchirevula, Tellapur, Patancheru, and Isnapur. The corporate has a land financial institution of 40 acres in these areas, together with 12 acres at Tellapur,” he stated.
The premium section enterprise, which is able to come up in 15 acres at Neopolis, would have flats within the vary of two,500-7,500 sft. “At this website, we’ll develop 8-9 million sft over the subsequent 5 years,” he stated.
The corporate, nonetheless, has not divulged the scale of investments that may go into the real-estate enterprise.
It stated the corporate awaited approvals from the HMDA (Hyderabad Metropolitan Growth Authority).
The 21-year-old MSN Group, with subsidiaries equivalent to MSN Labs, MSN Lifesciences, and Pharma Chem, crossed the $1-billion income mark in 2023-24.
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