Zuari Infraworld India Ltd, a subsidiary of Zuari Industries, has announced a strategic partnership with Gangothri Developers to develop an upscale residential project in Hyderabad, marking the company's significant entry into the city's booming real estate market.
Zuari Gangothri Tribhuja: A Premium Residential Development
Named Zuari Gangothri Tribhuja, this premium housing project will come up in Hyderabad's flourishing Kollur micro market. Spanning 9.4 acres, the ambitious development will feature nine high-rise towers housing a total of 1,730 apartments.With a substantial investment exceeding ₹1,500 crore, the project promises a saleable area of 3.8 million sq ft and an overall development area of approximately 5.3 million sq ft. Zuari Infraworld will oversee project management, while Gangothri Group will handle execution and construction.
Zuari Infraworld’s Entry into Hyderabad Market
Highlighting the significance of the partnership, Akshay Poddar, promoter of Zuari Group, emphasized the group's commitment to India's core infrastructure growth:He added, "We believe Hyderabad is one of the fastest-growing cities with a bright future, and we want to be part of this growth story."
Expansion Strategy: Zuari Infraworld’s Vision
Alok Banerjee, CEO & Director of Zuari Infraworld India Limited, termed the company's expansion into Hyderabad as a milestone, remarking:Zuari Infraworld India Ltd (ZIIL), a fully-owned subsidiary of Zuari Industries Ltd, has successfully delivered over 3 million sq ft of residential and commercial spaces in prominent cities such as Dubai, Mysore, Goa, and Bengaluru, providing homes to more than 1,500 families.
The partnership underlines Zuari Infraworld’s vision to expand its real estate footprint nationally and internationally.
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