Ashoka Builders buys 10-acre land for Rs 235 cr in Hyderabad
Real Estate

Ashoka Builders buys 10-acre land for Rs 235 cr in Hyderabad

Ashoka Builders India Limited (ABIL) has bought a 10-acre land for Rs 235 crore at Kukatpally, Hyderabad. Jones Lang LaSalle Inc (JLL) was the transaction partner for the property deal.

ASBL emerged as the highest bidder for the land parcel, owned by one of the largest corporate houses in India.

CEO of ASBL, Ajitesh Korupolu, said that the company plans to build a mixed-use development, a combination of premium residential development and Grade-A commercial space by June 2025. It also plans to invest Rs 250 crore for developing the mixed-use community, with an estimated value of the project after completion to be nearly Rs 600 crore.

Managing Director of JLL, Telangana and Andhra Pradesh, Sandip Patnaik, said that the real estate deal proves Hyderabad's favourable market sector for commercial and residential developments.

Korupolu further said that the company has its presence in the South-West region and East, making ASBL's business expansion in the North-West of Hyderabad. It is the first venture of the company into the commercial sector.

ASBL is executing 5 million sq ft of residential space in Hyderabad.

Image Source

Also read: Adani Realty bids for high rise residential complex in Mumbai

Ashoka Builders India Limited (ABIL) has bought a 10-acre land for Rs 235 crore at Kukatpally, Hyderabad. Jones Lang LaSalle Inc (JLL) was the transaction partner for the property deal. ASBL emerged as the highest bidder for the land parcel, owned by one of the largest corporate houses in India. CEO of ASBL, Ajitesh Korupolu, said that the company plans to build a mixed-use development, a combination of premium residential development and Grade-A commercial space by June 2025. It also plans to invest Rs 250 crore for developing the mixed-use community, with an estimated value of the project after completion to be nearly Rs 600 crore. Managing Director of JLL, Telangana and Andhra Pradesh, Sandip Patnaik, said that the real estate deal proves Hyderabad's favourable market sector for commercial and residential developments. Korupolu further said that the company has its presence in the South-West region and East, making ASBL's business expansion in the North-West of Hyderabad. It is the first venture of the company into the commercial sector. ASBL is executing 5 million sq ft of residential space in Hyderabad. Image Source Also read: Adani Realty bids for high rise residential complex in Mumbai

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement