Kalyan Developers plans 25 projects by ’20

38
Business

Summary

Kalyan Developers is planning to launch 25 new projects by 2020.

Press Release

Kalyan Developers is planning to launch 25 new projects by 2020, said R Karthik, managing director of Kalyan Developers. The company had recently handed over 90 apartments in kottayam.

“By 2020, we will be launching 25 new projects with more than 2000 apartments and over 2 million square feet of built up space. These projects are coming up at Thiruvananthapuram, Kochi, Thrissur, Kozhikode and Kottayam,” he said. The firm is also evaluating the markets in Kannur and Kollam.

“Right now we have six ongoing projects -three in Thiruvananthapuram, one each in Kochi, Kottayam and Thrissur. We are coming up with nine new projects in 2019. Among them, two will be in Thiruvananthapuram, three in Thrissur and two in Kochi. There is a deal in the pipeline in Kottayam, which will happen soon, so that there will be one more project in the town. Also, we will be entering Kozhikode this year,” Karthik said.

Karthik also said that his firm had sold nearly 350 apartments so far, which is more than 5 lakh sq ft. “We will be launching 700-1000 apartments this year, which includes 200 apartments in Thiruvananthapuram, 250 in Kochi, 150 in Thrissur, 100 in Kozhikode and 50in Kottayam,” he said.

Buyers from Mumbai, Bangalore or Chennai are investing in properties not only in Kochi, but also in Thrissur and Thiruvananthapuram, Karthik said.

From 2020,the company will also start looking outside Kerala, he noted. “We are evaluating the metros, which include Chennai, Bangalore and Hyderabad,” he added.