Aparna invests Rs 284 crore in Neo Mall, Aparna Cinemas

Located in Nallagandla region, Aparna Neo is spread across 3.67 acre with an expanse of 3.5 lakh sqft. This is the only mall in the 8 km radius. Aparna Constructions has made an investment of Rs 252 crore in Aparna Neo and an additional investment of Rs 32 CR in Aparna Cinemas. The mall opens on tMay 31

Nestled in Nallagandla, a thriving IT hub, Aparna Neo Mall has more than 80 stores. Aparna Neo will offer luxury cosmetics, high-end apparel, travel necessities, technology, gourmet dining, and premium quality entertainment options.

Aparna Cinemas has the latest Dolby sound systems and 4K projection screens. The 1,200-plus seater cinema is designed for a premium movie-watching experience with a variety of in-movie dining options.

“Since 1990, the Aparna Group has consistently diversified its portfolio across business segments. Aparna Neo only marks the milestone of our first mall launch. Hyderabad is poised to emerge as the fourth fastest growing city, driven by a booming IT/GCC sector that is attracting a significant influx of new residents,” said Rakesh Reddy, director, Aparna Constructions and Estates.

“We also have plans for four new malls, each featuring Aparna Cinemas as the entertainment unit across Telangana and Andhra Pradesh, by 2027. Meanwhile, our flagship residential real estate and commercial portfolio continues to grow by 20% and 10% respectively, y-o-y,” he added.