All posts by Leela Krishna

Janapriya Upscale to invest Rs 1,250 cr in 4 projects

Janapriya Upscale has 4 ongoing projects Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, Nile Valley in Chandanagar and has announced 2 other projects, Bahiti in Chandanagar and Batasingaram near Ramoji Film City. It is waiting for necessary permissions for 2 more projects

Janapriya Upscale, a division of the 39-year-old Janapriya Group which has delivered more than 37,000 homes, is set to invest about Rs 1,250 crore in four new residential projects in Hyderabad. Managing Director K Kranti Kiran Reddy expects revenues of Rs 1,500-2,000 crore from these upcoming ventures in the next few years.

Janapriya Upscale caters to the demand for premium homes, ensuring that our residential units are accessible to customers who can avail home loans for at least 80 per cent of the total cost, said Kranti Kiran, son of Janapriya Group Founder & Chairman K Ravinder Reddy. Our family collectively invests in land parcels closer to the city, similar to our existing projects.

Discussing the company’s current endeavors, Kranti Kiran explained, In Hyderabad, we have ongoing projects such as Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, and Nile Valley in Chandanagar. Additionally, we have announced two new projects – Bahiti in Chandanagar and Batasingaram near Ramoji Film City.

He elaborated on the Bahiti project, which is situated close to the previous Nile Valley venture, stating, “Bahiti will feature five towers, each comprising 48 3BHK units ranging from 2,075-2,120 sq ft, with prices starting at Rs 1.5 crore per flat. Each flat will boast a spacious balcony accommodating 20-30 persons. The project is currently in the foundation stage. We have already acquired RERA and other permissions and are likely to launch this soon.

Janapriya Upscale is investing Rs 300-350 crore in land and in the construction of the Bahiti project. Additionally, we are developing Batasingaram, a 25-acre villa project adjacent to Ramoji Film City near Vijayawada Highway. Villa sizes will range from 2,700-5,000 sq ft, ensuring a minimum 10 ft distance between each villa with no two villas in a single line, thanks to the picturesque hilly terrain, he added.

The company is also planning another villa project on 15 acres in Keesara and a 30-lakh-sq-ft apartment project on 15 acres in Kongara Kalan, where Foxconn is establishing its manufacturing unit. Permissions for these two new projects are pending, with an investment of nearly Rs 900 crore earmarked for their construction.

Kranti Kiran mentioned the finalization of two farmhouse projects in Hyderabad’s outskirts, although he did not disclose their exact locations. He expressed personal interest in open plot projects within reasonable proximity, emphasizing the company’s commitment to developing residential projects within city limits, allowing customers to realize their dream homes within 2-3 years.

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Janapriya Upscale USA developing mixed-use project in Fulshear, Creating Hundreds of New Jobs Real estate developer to break ground in Q3 2024

CONTRIBUTED REPORT

FULSHEAR, TX (March 20, 2024) – Janapriya Upscale USA, a Houston-based real estate developer, announced a new 125-000-square-foot mixed-use development in Fulshear on March 20th, Fulshear Central will feature office condos for sale, retail, a large greenspace for events, walking trails and more. The development will be located off FM 1093 near the future Westpark Tollway, bringing workspace, retail, dining and entertainment options closer to the residents of Fulshear.

“We’re thrilled to bring this development to the growing Fulshear community,” said Satya Guduru, Partner and CEO at Janapriya Upscale USA. “This project will create up to 400-500 new job opportunities in the area and provide a central gathering space for families to work, shop, eat, and enjoy the outdoors.”

Janapriya Upscale is currently working with the city to break ground on the project this Summer. The space plans to feature high-end retail tenants. Ahead of the groundbreaking, there will be community events and opportunities for local artists and interior designers to contribute to the space.

To follow and learn more about the project, please visit fulshearcentral.com.

About Janapriya Upscale

Janapriya Upscale is a privately-owned real estate firm with its roots in India. We are a subsidiary of a 36-year-old real estate company, Janapriya; which has built over one and half billion square feet and delivered over 26,250+ homes in its lifetime. Their global expansion plan has ushered us to America; the country with eminent potential for growth in real estate. They started their journey in Houston with a commercial project, Katy Parkway Market, and are now expanding to Fulshear with mixed use development project Fulshear Central.

Renderings courtesy of Kirksey Architects

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