Real estate developer Aparna Constructions and Estates is making a strategic move into the retail-commercial and entertainment segments by launching a mall and cinema in Hyderabad’s Nallagandla locality.
Aparna Constructions and Estates, have invested ₹284 crore, which is a significant amount. With this new endeavor, the business hopes to meet the growing need in the city for retail and leisure facilities, moving beyond its previous residential projects. Aparna Constructions is poised to expand its holdings and enrich Hyderabad’s dynamic urban scene by investing in these sectors.
“The cherry on top” is the Mall and Multiplex has great commute connectivity, with the Lingampally MMTS station barely a kilometer away. The approach to central areas like Begumpet and Banjara Hills is also easy via the Old Mumbai Highway and the Outer Ring Road. The mall boasts the best “one of a kind” entertainment option for people residing in Nallagandla and surrounding localities in Hyderabad
Spread over 3.67 acres with a whopping 3.5 lakh square feet of space, Aparna Neo opens on May 31. It’s the only mall within an 8 km radius in Nallagandla, so it’s special. You’ll find over 80 stores offering luxury cosmetics, high-end apparel, travel necessities, the latest tech, gourmet dining, and top-notch entertainment options.
One remarkable feature is the 1,200-seat Aparna Cinemas, which has trailblazing features like 4K projection screens and the newest Dolby sound systems. Aparna Neo Mall is poised to be a “Go-To” place to eat, shop, and watch a movie!
Since 1990, Aparna Constructions and Estates has been expanding into various business segments. “Venturing into retail real estate and entertainment represents the next phase of our growth plan,” said Rakesh Reddy, Director of Aparna Constructions and Estates.
He added, “We have plans for four new malls, each with Aparna Cinemas as a unique entertainment hub, across Telangana and Andhra Pradesh by 2027.” It looks like exciting times ahead for Aparna Group!