Rs 1,500 Crore Project Alert! New High-Rise Towers Coming as Real Estate Giant Strikes Big in Hyderabad

A leading real estate player partners with Gangothri Developers for a massive residential project in Hyderabad’s Kollur micro-market.

Zuari Infraworld India Limited (Zuari Infra), a wholly-owned subsidiary of Zuari Industries Limited, has signed a Development Management Agreement with Gangothri Developers. The agreement involves providing management services for a residential project in Hyderabad's Kollur micro market. The project will span approximately 9.4 acres and involve branding, marketing, sales, customer relationship management (CRM), and construction supervision.

Project Highlights
The residential project aims to develop nine high-rise towers with 3 and 4 BHK apartments. The project has a saleable area of around 3.8 million sq. ft. and a total development area of approximately 5.3 million sq. ft. The estimated project cost exceeds ₹1,500 crore. Zuari Infra will extend its brand to the project, which will be marketed under the "Zuari Gangothri Tribhuja" brand name.

Financial Impact
Zuari Infra will earn Development Management (DM) fees ranging between ₹150 to ₹200 crore over the project's five-year tenure. The fees cover end-to-end management services, enhancing Zuari Infra's revenue stream and supporting its expansion in the real estate sector.

Responsibilities and Approvals
Gangothri Developers will handle all necessary approvals for the project and bear all associated costs. The agreement also specifies a completion timeline of five years from the RERA registration. There is no shareholding or related party connection between Zuari Infra and Gangothri Developers, ensuring the deal is conducted at arm’s length.

Outlook and Future Plans
This agreement aligns with Zuari Infra’s strategy to expand its footprint in the real estate market. The project is expected to generate consistent revenue over the next five years and strengthen the company’s brand in the Hyderabad market.

About Zuari Industries
Zuari Industries Limited, part of the Adventz Group, operates across agriculture, engineering, real estate, and services sectors. The group focuses on real estate development, investment services, manufacturing, and trading of furniture, as well as sugar and ethanol production.

Disclaimer: The article is for informational purposes only and not investment advice.