Alliance Group unveils ₹8,600-cr projects in South India

Real estate developer Alliance Group has planned to launch projects spanning across 25 million sq ft across Bengaluru, Chennai and Hyderabad in the current fiscal entailing ₹8,600 crore investments, informed Manoj Namburu, Chairman, Alliance Group and Urbanrise. The firm is also negotiating with institutional funds for a warehousing platform space, apart from expanding its footprint in the commercial sector. Financial discipline is the company's DNA and this is the strength it uses to leverage large-scale investments in real estate across South India. It is this financial discipline that draws and attracts world’s best financial institutions to invest in its organization. The developer has investment from Kotak Realty Fund totaling about ₹800 crore across five projects in Chennai and Hyderabad.

It has 20,000 homes under various stages of construction and plans to build more than 50,000 units over the next three years. The first quarter of 2022 saw a four-year high in sales, with 78,627 residential units sold despite the third Covid-19 wave, according to a market assessment report by Knight Frank, India’s premier real estate consultancy. Low interest rates, best affordability levels, healthy wage growth and the waning pandemic, with lower risk of further disruptions, have created a favourable environment for homebuyers, who have rediscovered the need for new and better housing.