RegNews, Hyderabad, October 03:
Hyderabad based Poulomi Estates announced its entry into the Bengaluru real estate market with an ambitious high-rise project in Manyata Integrated Township, Thanisandra. The company will be investing Rs. 800 crore in developing a 35-storey luxury residential complex with four towers, marking its foray into Bengaluru’s rapidly expanding real estate landscape.
Located in the bustling neighbourhood of Thanisandra, the high-rise residential project will be spread across 9 acres of area in Manyata Integrated Township Phase 2 in Northern Bengaluru. The company will construct two towers each in Phase-1 and Phase-2 with a combined area of 18 lakh square feet of apartments. The first phase will be launched by the end of this year. There will be a total of 850 apartments spread over 35 floors. The size of apartments will range from 1,450 sq ft. to 2,550 sq ft. Commenting on the company’s foray into the Bengaluru market, Mr. Prashanth Rao, Director, Poulomi Estates Private Limited, said, “We are thrilled to take our legacy of quality, trust, and innovation to the dynamic market of Bengaluru. Our vision for this project is to create an iconic landmark that will set new standards in luxury living and complement the rapidly growing skyline of Thanisandra. This investment of Rs. 800 crore is part of our larger expansion strategy in South India, with plans to explore further opportunities in Bengaluru’s real estate market.”
“By developing 6 residential projects with a built-up area of 2.25 Million Sq. ft. and 2 commercial projects with built-up area of approximately 1 Million sq. ft. in Hyderabad, currently another 1.5 Million sq. ft of residential projects and 1.3 Million sq. ft of commercial projects are in progress in Hyderabad, we have built a strong reputation for delivering high quality projects and aim to replicate this success in Bengaluru with this new venture,” he added.
Designed to cater to the modern urban lifestyle, the project will attract corporate professionals looking for luxury and convenience. Thanisandra has seen a surge in real estate development in recent years due to its proximity to major IT hubs and educational institutions and excellent connectivity to other parts of the city. Poulomi’s first project in Bengaluru is set to redefine urban living in the city. It will offer state-of-the-art amenities, including premium apartments with landscaped gardens, a rooftop infinity pool, smart home technology, and a fully-equipped fitness centre.
