Hyderabad’s Anvita group to invest Rs 2,000 crore in a residential project

economictimes.indiatimes.com:

Anvita Group, a Hyderabad based real estate developer will invest Rs 2,000 crore for a residential project at Kollur near Hyderabad.
Spread over 12.9 acres, the project will be developed in two phases. The first phase, which will come up in 3.5 acres, will have two towers of 15 floors each and will have 450 units in total.

“In the second phase, four towers of 36 floors each will come up in 9.25 acres. We will hand over all 1,400 units of the 2nd phase to customers in 2027,” said Atchuta Rao Boppana, chairman and managing director, Anvita Group.

The first phase development is expected to cost Rs 380 crore and the outlay for the second phase is over Rs 1,600 crore. The company is constructing two and three-bedroom apartments with sizes ranging from 1,360 sft to 2,580 sft from first floor to 34th floor.

“Ivana will have an area of 8 lakh square feet in the first phase and 28 lakh sft in the second phase,” said Anup Boppana, the company’