Sumadhura Group plans to invest Rs 1,500 crore in residential realty market over the next four years in Hyderabad, a top official of the company said.
This includes its share of the investment in the city’s tallest residential towers, the 44-storeys tall Olympus, in the Nanakramguda area that Sumadhura Group and Vasavi Group are setting up at a cost of Rs 1,000 crore.
Apart from the Olympus project that will come up near Waverock building, Sumadhura is also planning a residential project on a 10-acre site near Shamshabad airport that will commence next quarter, Sumadhura group MD Madhusudan G said.
Also on the cards is a residential project at Kokapet for which it has acquired 4 acres of land, he said, adding that though the land has been acquired, registration formalities are yet to be completed.