RMZ to invest 14,600 crore in Hyderabad

[hyperbole]

Hyderabad: One of Asia’s largest privately owned real estate developers RMZ Corp has declared that it would invest about Rs 14,600 crore ($ 2 billion) in commercial space projects in Hyderabad by 2023.

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“Our projects will see an investment of about Rs 14,600 crore over the next two years in Hyderabad. This will be from RMZ and its partners. This is in addition to the about Rs 16,060 crore ($2.5 billion) already invested in Hyderabad”, said RMZ Corp Managing Director Thirumal Govindraj.

Nexity with Hetero (3.3 million sqft) and Spire with Penna Cements (1.7 million sqft) projects are under construction near Raidurgam. These two projects will add five milion square feet of commercial space by 2023 end in Hyderabad, he said adding both the projects would accommodate about 50,000 people.
 

RMZ Corp is also involved in one more project – Vault, which is coming up in about 22.5 acre in Financial District and will have seven million square feet floor space.

“About one million sqft of commercial space in Nexity will be ready next year. This project is likely to be completed by 2023 end”, he said. About five lakh square feet space has already been booked, he pointed out. Nexity will also have a new facility, the RMZ Loft, a standalone structure with a social infra like a wellness centre, spa, and restaurant and leisure facilities. It will be open to employees as well as outsiders. Spire will be ready next year, he said.

“Nexity and Spire are close to each other. The design will be such that it will allow movement of people between the two structures,” said Govindraj. “We are planning to acquire a further five million sqft in Hyderabad. Once that happens, our portfolio in Hyderabad will be 20-21 million sqft,” the official explained.

RMZ with MyHome has already completed The Skyview. With four million sqft, it has about 40,000 employees. “We have got many requests seeking permissions for cinema shooting at the Skyview. We have declined them,” he said about the popularity of the new IT tower. Qualcomm, Micron, FB and Providence are among the clients that operate from Skyview.

“When we came to Hyderabad, the average rentals were Rs 50 to 55 per sqft. We created a premium space and rentals went up to Rs 61-62. The last deal we did was around Rs 72 per sqft,”he said about the rental trends in the city. IT, ITES, and BFSI segments are the key drivers of commercial space demand in Hyderabad. “The Governance in Telangana is good. Implementation of key infra projects is great and that is aiding in attracting new companies,” he said adding that IT exports, which have already touched Rs 1.45 lakh crore, are set to grow further as more players are coming to Hyderabad.

[hyperbole]

RMZ is India’s largest commercial developer, helped in building Bangalore as silicon valley of India. They just not only build buildings but does the marketing and bring marque customers to the city, they are known for their A grade office space, Hyderabad didn’t had any A grade office until they entered the Hyderabad market in 2015 and patterned with MyHome to build the Skyview . Like their cousins Raheja corp helped Hyderabad in mid 2000s with mindspace, RMZ is about to write the next chapter of Hyderabad’s IT growth. 

[Tomb__ayya]

city lo inkekadaa place lenattu, motham aa raidurgam/iKea opposite area lo 30, 40, 50 floor office spaces kattukunta poyi. . .   medchal/uppal, all other sides of the city nundi daily janalanadaru city motham travel chesi office ravala, evad cheppina bewars pani va idi. No more West Hyd ani decide chesukuni Only East side, south side, north side permission ichi savochu kada. maddapur, raidurgam, gachibowli lone motham concentrate chesi chavakapothe

[hyperbole]

18 minutes ago, Tomb__ayya said:

city lo inkekadaa place lenattu, motham aa raidurgam/iKea opposite area lo 30, 40, 50 floor office spaces kattukunta poyi. . .   medchal/uppal, all other sides of the city nundi daily janalanadaru city motham travel chesi office ravala, evad cheppina bewars pani va idi. No more West Hyd ani decide chesukuni Only East side, south side, north side permission ichi savochu kada. maddapur, raidurgam, gachibowli lone motham concentrate chesi chavakapothe

Bellam ekkada jnte egalu adike potayi, attracting talent is a problem, talent ante Hyderabad local okkate kadu from other states as well, employees(young crowd) prefer western part for social infrastructure like fancy malls, hotels, pubs etc. government is providing 50% subsidies for builders who want to build  in the east but very few takers, inoribit mall vastunnadi pocharam lo so emmana change avutadi choodali.

 

east la kuda shilparamam, parks hmda develop chestunnadi. Uppal - nagole - lb nagar baga chestunnaru. Mostly middle class and upper middle class residential projects chala launch avutunnayi 

 

 

[MiryaIgudaMaruthiRao]

49 minutes ago, hyperbole said:

RMZ is India’s largest commercial developer, helped in building Bangalore as silicon valley of India. They just not only build buildings but does the marketing and bring marque customers to the city, they are known for their A grade office space, Hyderabad didn’t had any A grade office until they entered the Hyderabad market in 2015 and patterned with MyHome to build the Skyview . Like their cousins Raheja corp helped Hyderabad in mid 2000s with mindspace, RMZ is about to write the next chapter of Hyderabad’s IT growth. 

Power of CBN! Still companies believe in him

[Swatkat]

2 years lone antey awesome. Govt nunchi support untey development chala easy. Maku unadu oka Langa gadu ma state lo unadu yerri na koduku champatam sankshemam tappa emi radhu

[ysshakeela]

3 hours ago, MiryaIgudaMaruthiRao said:

Power of CBN! Still companies believe in him

Adhi nizamo kaadho thelavadhu gaani, for suppose nizame anukundhaam.

Kaani KCR tharimi tharimi kottaadu choodu CBN ni 2015 lo 'Vote ki Note' case appudu, adhi maatram highlight vayya.

Please mark these words, they will mention in the History of Hyd and Telangana that its because of shunting the KulaGajji kukkas out of Hyd that Telangana developed well ani.

Soooooofer vaaa !!

 

[MiryaIgudaMaruthiRao]

13 minutes ago, ysshakeela said:

Adhi nizamo kaadho thelavadhu gaani, for suppose nizame anukundhaam.

Kaani KCR tharimi tharimi kottaadu choodu CBN ni 2015 lo 'Vote ki Note' case appudu, adhi maatram highlight vayya.

Please mark these words, they will mention in the History of Hyd and Telangana that its because of shunting the KulaGajji kukkas out of Hyd that Telangana developed well ani.

Soooooofer vaaa !!

 

You are wrong! Hyderabad just because of CBN

No CBN no Hyderabad 

[DannyArcher]

credit goes to 

 

 

[jalsa01]

Every 2-3 months ki oka project or investment news vestunnaru.. materialise iyyi operate iyyeyi enno chudali..

[MysoreJackson]

5 hours ago, hyperbole said:

Bellam ekkada jnte egalu adike potayi, attracting talent is a problem, talent ante Hyderabad local okkate kadu from other states as well, employees(young crowd) prefer western part for social infrastructure like fancy malls, hotels, pubs etc. government is providing 50% subsidies for builders who want to build  in the east but very few takers, inoribit mall vastunnadi pocharam lo so emmana change avutadi choodali.

 

east la kuda shilparamam, parks hmda develop chestunnadi. Uppal - nagole - lb nagar baga chestunnaru. Mostly middle class and upper middle class residential projects chala launch avutunnayi 

 

 

Any news on when inoribit mall construction will be started, been hearing about it from a long time?

Ma babai ki plot undi pocharam lo he's asking me take one plot in the same area...

[Sword_KanthaRao]

1 hour ago, jalsa01 said:

Every 2-3 months ki oka project or investment news vestunnaru.. materialise iyyi operate iyyeyi enno chudali..

Idi Hyderabad thammi….ostundi, vachestundi, rabotundi..vachi vachinattu vastune vuntadi lantidi emundadu..Chandranna rakshasha palana ni tattukuni nilabadda city…gatti pranam.

[Pitta]

[hyperbole]

5 hours ago, jalsa01 said:

Every 2-3 months ki oka project or investment news vestunnaru.. materialise iyyi operate iyyeyi enno chudali..

L&W Construction - RMZ Nexity

C9JM+C82, Silpa Gram Craft Village, HITEC City, Hyderabad, Telangana 500081, India

https://g.co/kgs/iXkF2L

 

[hyperbole]

4 hours ago, MysoreJackson said:

Any news on when inoribit mall construction will be started, been hearing about it from a long time?

Ma babai ki plot undi pocharam lo he's asking me take one plot in the same area...

Ee year launch chesta antunnaru, kani corona em chestado chudali. Non the less hold on to the property, uppal elevated corridor(7.5km) under construction unnadi, that will drop at pocharam and that itself presents immense growth in that area. So basically you can drive to uppal metro in 10-15 minutes from pocharam because of that flyover.