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Janapriya Upscale to invest Rs 1,250 cr in 4 projects

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Janapriya Upscale has 4 ongoing projects Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, Nile Valley in Chandanagar and has announced 2 other projects, Bahiti in Chandanagar and Batasingaram near Ramoji Film City. It is waiting for necessary permissions for 2 more projects

Janapriya Upscale, a division of the 39-year-old Janapriya Group which has delivered more than 37,000 homes, is set to invest about Rs 1,250 crore in four new residential projects in Hyderabad. Managing Director K Kranti Kiran Reddy expects revenues of Rs 1,500-2,000 crore from these upcoming ventures in the next few years.

Janapriya Upscale caters to the demand for premium homes, ensuring that our residential units are accessible to customers who can avail home loans for at least 80 per cent of the total cost, said Kranti Kiran, son of Janapriya Group Founder & Chairman K Ravinder Reddy. Our family collectively invests in land parcels closer to the city, similar to our existing projects.

Discussing the company’s current endeavors, Kranti Kiran explained, In Hyderabad, we have ongoing projects such as Sitara and Lakefront in Sainikpuri, Y Junction in Kukatpally, and Nile Valley in Chandanagar. Additionally, we have announced two new projects – Bahiti in Chandanagar and Batasingaram near Ramoji Film City.

He elaborated on the Bahiti project, which is situated close to the previous Nile Valley venture, stating, “Bahiti will feature five towers, each comprising 48 3BHK units ranging from 2,075-2,120 sq ft, with prices starting at Rs 1.5 crore per flat. Each flat will boast a spacious balcony accommodating 20-30 persons. The project is currently in the foundation stage. We have already acquired RERA and other permissions and are likely to launch this soon.

Janapriya Upscale is investing Rs 300-350 crore in land and in the construction of the Bahiti project. Additionally, we are developing Batasingaram, a 25-acre villa project adjacent to Ramoji Film City near Vijayawada Highway. Villa sizes will range from 2,700-5,000 sq ft, ensuring a minimum 10 ft distance between each villa with no two villas in a single line, thanks to the picturesque hilly terrain, he added.

The company is also planning another villa project on 15 acres in Keesara and a 30-lakh-sq-ft apartment project on 15 acres in Kongara Kalan, where Foxconn is establishing its manufacturing unit. Permissions for these two new projects are pending, with an investment of nearly Rs 900 crore earmarked for their construction.

Kranti Kiran mentioned the finalization of two farmhouse projects in Hyderabad’s outskirts, although he did not disclose their exact locations. He expressed personal interest in open plot projects within reasonable proximity, emphasizing the company’s commitment to developing residential projects within city limits, allowing customers to realize their dream homes within 2-3 years.

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Janapriya Upscale USA developing mixed-use project in Fulshear, Creating Hundreds of New Jobs Real estate developer to break ground in Q3 2024

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CONTRIBUTED REPORT

FULSHEAR, TX (March 20, 2024) – Janapriya Upscale USA, a Houston-based real estate developer, announced a new 125-000-square-foot mixed-use development in Fulshear on March 20th, Fulshear Central will feature office condos for sale, retail, a large greenspace for events, walking trails and more. The development will be located off FM 1093 near the future Westpark Tollway, bringing workspace, retail, dining and entertainment options closer to the residents of Fulshear.

“We’re thrilled to bring this development to the growing Fulshear community,” said Satya Guduru, Partner and CEO at Janapriya Upscale USA. “This project will create up to 400-500 new job opportunities in the area and provide a central gathering space for families to work, shop, eat, and enjoy the outdoors.”

Janapriya Upscale is currently working with the city to break ground on the project this Summer. The space plans to feature high-end retail tenants. Ahead of the groundbreaking, there will be community events and opportunities for local artists and interior designers to contribute to the space.

To follow and learn more about the project, please visit fulshearcentral.com.

About Janapriya Upscale

Janapriya Upscale is a privately-owned real estate firm with its roots in India. We are a subsidiary of a 36-year-old real estate company, Janapriya; which has built over one and half billion square feet and delivered over 26,250+ homes in its lifetime. Their global expansion plan has ushered us to America; the country with eminent potential for growth in real estate. They started their journey in Houston with a commercial project, Katy Parkway Market, and are now expanding to Fulshear with mixed use development project Fulshear Central.

Renderings courtesy of Kirksey Architects

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A Man with Solutions

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Three decades into real estate business, Janapriya Builders founder Ravinder Reddy says affordable housing will always be the heart of his company.

HYDERABAD: Three decades into ruling the real estate business, Janapriya Builders founder and chairman Ravinder Reddy says affordable housing will always be the heart of his company. The 68-year-old gets candid about his not-spoken-about love for agriculture and the education sector. In conversation with CE, he opens up about his childhood, looks back on how far he’s come and surprises you with his not-so-busy lifestyle. Excerpts:

You studied to be a civil engineer. What made you switch career paths to build homes? 
When I was working as a junior engineer in the Irrigation Department of the erstwhile Andhra Pradesh government, I got to see how homes were being built, how tenders and contracts were being made. I realised that the demand to buy homes was so high, there were so many engineers and contractors. Despite this, people weren’t able to buy homes.

Affordability for middle-class buyers and lack of proper knowledge about home loans were the two biggest problems. That’s when I decided to start building homes, keeping in mind the loan eligibility of salaried employees, cost-efficiency through large-scale projects and direct marketing. All these made Janapriya stand out from the rest of the builders. To date, building affordable homes is and will always continue to be the core of Janapriya.

Did you always know or want to get this big and far? 
I was not the most studious kid, but I knew I was always different. I say this with utmost humility. My ideas, thoughts, discussions and dreams were different, realistic, practical and beyond those of people my age. I also always looked beyond my own needs and solutions. So, while I can’t say I saw this coming, I knew I wanted to be able to bring solutions to the table.

What’s the market potential of Hyderabad like today? 
Hyderabad is one of the most thriving markets for real estate and will continue to be for various reasons: Of all the metropolitan cities in the country, it is right in the middle. Delhi, Mumbai, Chennai, Bengaluru and Kolkata, all seem like they’re in different corners of the country. Next, the cost of living here is, competitively, not very high. We also have a great climate. We have no complaints about the weather for 300 of the 365 days. We’re also very welcoming of people migrating from the North, South and North-East. Language is never a barrier as the locals speak Hindi and Urdu, apart from English and Telugu. Education and healthcare are on par with other cities and are more affordable. The pollution levels, too, are moderate, unlike all the other metropolitan cities. The IT boom has only seen an upward growth over the past decade. Digitalization, right from education (online classes), food (delivery apps), shopping, entertainment (OTT) has all won Hyderabad good points in real estate.

Are you a family man and a doting father? Tell us more about your home.
I’m not your typical ‘always-on-the-job’ businessman, so I’ve never been the father who was away from his familial duties. My wife is half of Janapriya — her name is Priya (smiles). Both my sons decided to join me, so it’s now a family business. My older son has been working with the company for 15 years and the younger son for nine years now. I’ve never had to tell them what to do; we, as parents, gave them the freedom to choose any career path they like, and they ended up here.

What does your typical day look like? 
You’d be disappointed to not have me tell you that I wake up at 5 am, something that most successful people do. I’m not the disciplined man people think I am. But my mind is disciplined, fast and always working. It never tires of thinking. The way I see it, all my work is done in my head. I do the thinking, problem-finding, problem-solving, creating, imagining and decision-making in my head. That’s where my work for the day ends. I’m fortunate to have been able to hire the best people, who execute what I plan extremely well. I’m not a busy or stressed man like most others. I know what I’m good at and stick to that.

Any grand plans in the pipeline for Janapriya? 
I’d not call it grand or personal, but it’s just an idea in my head: a satellite township that has everything for everyone. Right from schools, libraries and playgrounds for kids, to colleges, malls, multiplexes, auditoriums, clubs, meet-and-greet areas, hospitals, pharmacies, etc. It’ll be a town on its own with people not having to travel for hours to get to where they want to. I don’t know if this will become a reality in my lifetime, but I hope to do something along these lines.

Any other interests that take up your mind and time? 
I’m a simple man who came from a middle-class home. I love and respect the idea of agriculture and farming. I own farms and animals, whose organic produce I’m extremely proud to sell. This, and the quality education through Janapriya schools have my heart. Neither of these are for profit, they’re just something I’m passionate about.

By the way

Favorite food?
The food served in Telugu homes.

Are you religious?
I’m not, but I like the concept of God. How man sleeps in peace knowing there’s a God

Apartment or villa?
Apartment, but I live in a villa.

Mountains or beaches?
Beaches

Coffee or tea?
Coffee

A quality you appreciate in people?
Absolute honesty

An unfulfilled wish?
We’ve built 35,000 homes to date. I hope the number touches one lakh in my lifetime.

Source : indianexpress.com

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