[ad_1]
GV Krishna ReddyFounder and Chairman of Infrastructure Group GVK Groupsold two Residential in properties Hyderabad In a deal worth approximately ₹ 73.81 crore. Property – 1,386 sq. yards and 1,426 sq. yards – in posh Jubilee Hills were sold to Potukuchi Naga NandiniPotukuchi is the wife of Murali Mohana Rao, who has business interests in infrastructure, real estate and agriculture.
The transactions were closed earlier this year, and the stamp duty for the properties was around ₹5.6 crore, showed documents shared by Zapkey, a property registration data aggregator. The upscale Jubilee Hills has attracted the rich and famous, including prominent personalities from Tollywood, politicians and industrialists, who are looking for residences in low-density areas.
Recent deals include the sale of an independent house by filmmaker-actor Dasari Abhirama Reddy for ₹30 crore, and the purchase of a property by Nandamuri Jayakrishna, son of former Andhra Pradesh chief minister NT Rama Rao, for ₹35 crore.
The city has witnessed over 200 residential and land deals in the last two years.
GVK Group has emerged as one of the major players in the infrastructure development of India. Apart from airports, energy and expressways, GVK has a presence in hospitality and urban infrastructure. Vineet Surana, director at property brokerage firm APS Property Solutions in Hyderabad, said, “Property prices in the (Jubilee Hills) area have traditionally been high, as the city’s elite live in this neighbourhood, and transactions are mostly word-of-mouth.” happens from.”
[ad_2]
Source link