A prominent real estate developer in South India, Aparna Constructions and Estates has announced their entry into commercial retail and entertainment segments with the inauguration of Aparna Neo Mall & Aparna Cinemas in Hyderabad.
Situated in robustly evolving and developing region Nallagandla, Aparna Neo spans over 3.67 acres with a remarkable expansion of 3.5 lakh square feet which is the only mall in Hyderabad within 8 km radius.
Lined up with their wider business goals of broadening presence, Aparna Constructions has put their money of Rs. 252 crore in Aparna Neo and Rs. 32 crore in Aparna Cinemas.
Aparna Neo Mall comes as a testament of superiority and modernity which boasts with a significant array of more than 80 precisely curated stores under diverse categories of high-tech apparel, technology, travel utilities, cosmetics, dining with many other options for entertainment.
Strategically situated near to the residential community over 25 apartments and 70 IT companies, Aparna Neo gears up to provide a combined collaboration of entertainment, lifestyle and so on.
Expressing about the business plans of the company, Rakesh Reddy, Director, Aparna Constructions and Estates says, “Since 1990, the Aparna Group has consistently diversified its portfolio across a variety of business segments. Aparna Constructions’ foray into the retail real estate and entertainment segments is another monumental step in our growth trajectory. Aparna Neo not only marks the milestone of our first mall launch, but also echoes our in-depth understanding of the market dynamics in the region. Hyderabad is poised to emerge as the 4th fastest growing city, driven by a booming IT/GCC sector that is attracting a significant influx of new residents. This rapid urbanization is fueling growing demand across the residential, commercial, and retail real estate categories. We want to be well positioned to cater to consumer aspirations”.
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