Neopolis

Sep 5, 2024

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MSN Group Targets 20 Million Sq Ft Development in Hyderabad Over the Next 5 Years:

MSN Group will focus on the Hyderabad market, aiming to develop 20 million square feet of residential and commercial spaces over the next five years, according to Founder, Chairman, and Managing Director MSN Reddy.


Over the next five years, residential and commercial projects will be developed in key areas of Hyderabad, including Neopolis, Manchirevula, Tellapur, Patancheru, and Isnapur. The company owns 40 acres of land in these areas, with 12 acres in Tellapur.


In Neopolis, a premium project will rise on 15 acres, featuring apartments ranging from 2,500 to 7,500 square feet. This project will see the development of 8-9 million square feet within five years.


MSN Group has not disclosed the total investment, as the company is awaiting approval from the Hyderabad Metropolitan Development Authority (HMDA).


Founded 21 years ago, MSN Group, which includes MSN Labs, MSN Life sciences, and Pharma Chem, crossed $1 billion in revenue during 2023-24.

6 Comments

Abhinav
Wow, 20 million square feet in just 5 years? That's huge for Hyderabad! Neopolis is already booming.
Indrani
Yeah, Neopolis is turning into a major hub. It’ll be interesting to see how these new projects change the area. MSN is really making big moves.
AshokGuru
Does anyone know when this project will start? I’m curious about the apartments in Neopolis."
Indrani
It seems like they are waiting for approvals from HMDA right now. Once that’s sorted, they’ll likely announce the start date.
Advaitgupta
Why haven’t they disclosed the investment amount yet? Seems a bit sketchy.
Indrani
The investment details are likely awaiting approval from HMDA, which is a standard practice for large-scale developments. Once all the approvals are in place, they’ll likely share more information. It's common for developers to withhold exact figures until regulatory clearances are secured."
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