Aparna Constructions makes foray into retail, entertainment space

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HYDERABAD: Realty participant Aparna Constructions and Estates Private Limited is foraying into the business retail and entertainment segments with an funding of Rs 284 crore in a 3.5 lakh sq mall and multiplex in Nallagandla.
The Hyderabad-based building participant is now taking a look at a bigger play within the retail and entertainment space within the south market, with Telangana and Andhra Pradesh markets to start with.
“We plan to have 50 screens in the next 3-4 years with three malls under construction and two in the planning stage. The investment for the cinemas business would be around Rs 3-4 crore per screen,” Rakesh Reddy, director, Aparna Constructions and Estates, stated.
“We also have plans for 4 new malls, each featuring Aparna Cinemas as the entertainment unit across Telangana and Andhra Pradesh, by 2027,” Reddy stated.
These embrace three malls in Telangana and one in AP over the following 3-4 years. While those in Telangana will come up at Shamshabad in Hyderabad, Nizamabad and Hanamkonda, the one in AP will come up at Rajahmundry, he added.
Elaborating on the choice to foray into the entertainment section, he stated the entertainment and media trade within the nation is anticipated to the touch $73.6 billion by 2027 and the variety of theatre goers has elevated 29% to succeed in 15.7 crore people in 2023.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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