Aparna Constructions to invest over Rs 2,200 cr to build new luxury housing project in Hyderabad

Realty firm Aparna Constructions and Estates will invest over Rs 2,200 crore to develop a new luxury housing project in Hyderabad.

In a statement on Saturday, Aparna Constructions and Estates said it has launched a new project 'Aparna Moonstone' within its integrated township, Aparna Deccan Town, which is located in Gopanpally-Gachibowli, Hyderabad.

This new housing project will be developed "with an estimated investment of Rs 2,525 crore", it said.

The company will develop a total of 2,088 apartments in this project, spread over a 22.28-acre land parcel.

"Hyderabad continues to grow as a global economic and innovation hub, and this is inspiring a transition towards luxury living.

"Rooted in our legacy of quality and innovation, Aparna Constructions has been well positioned to curate projects aligned with the evolving expectations of modern consumers," S S Reddy, Managing Director, Aparna Constructions and Estates, said.

Established in 1996, Aparna Constructions and Estates is a Rs 4,500 crore company. It has a current portfolio of 83 projects, of which 72 are residential properties and 11 are commercial and retail spaces across the states of Telangana, Andhra Pradesh and Karnataka.