Press Release- September 2021: Real estate development company Sahiti Group plans expansion in South Indian regions, with Homebase Telangana and Andhra Pradesh as the front with two major projects in Kompally, Bachupally, and Pati, with upcoming construction projects totaling over 15million SqFt.
Real Estate development company Sahiti Group is planning to accelerate its expansion in regions of Andhra Pradesh and Telangana with its upcoming mixed township deluxe projects in Kompally, Bachupally, and Pati tapping into the recent growing demand for residential projects in the cities since the pandemic and due to the comparatively low prices than other cities, particularly in Hyderabad. These two new projects will have over 3000 residential units, for the luxury segment and upper middle-tier families, with best-in-class amenities, and at easily accessible locations. Being a customer-centric organization they inaugurated a new office in Madhapur Hyderabad, on 2nd September 2021, to accommodate 200 new recruits and over 1000 plus channel partners for customer support and providing customers with a one-stop solution for banking and documentation-related queries, improving customer relations, and for the new sales and marketing team for upcoming projects.
The group has multiple upcoming and ongoing projects in the pipeline in Telangana and Andhra Pradesh region. Sahiti group is already working on 20 projects including 3 iconic and large-scale iconic developments with 3500 plus affordable homes for middle-tier families. These recent developments have helped them attract new investors for the organization and they are in talks to raise new funds very soon to support them in their upcoming projects and in developing better support and management infrastructure. The group has been in the real estate business for more than 20 years now and is known for high customer satisfaction and unique projects they have worked on, both residential and commercial. They’ve won various awards like the Influential Leaders award for their commendable work in the industry.
Talking about their plans Dr. Lakshmi Narayana said “We are very excited about the momentum the market has picked up here in Telangana and Andhra Pradesh. There has been an increase in the workload as we added new upcoming projects to the pipeline and are trying to ramp up the work in projects delayed due to the lockdowns and restrictions. To support our vision, we have also set up a team for better customer support and assistance and to accommodate all these new recruits we inaugurated our new office. We also have some new investors interested in
our group. It’s the support and trust of our investors that has enabled us in achieving so many milestones, and I hope this continues for the foreseeable future.”
The real estate market is estimated to grow to US$ 9.30 billion from US$ 1.72 billion in 2019 and contribute 13% to the country’s GDP by 2025. Indian real estate attracted U$ 5 billion institutional investments in 2020 despite the coronavirus pandemic. Investments in the sector grew 16x compared in Q4 FY20 according to a report by Knight Frank. The real estate sector in Andhra Pradesh and Telangana has witnessed high growth in recent times with rising demand for office as well as residential spaces. The rise in demand is also influenced by the rise in the healthcare and hospitality businesses in the region. Among eight major cities in India, Hyderabad has reported the maximum increase, to be precise, 39 percent year-on-year in housing sales during the January-March period of this calendar year2021 according to a report by PropTiger.com.