Summary
Aparna Constructions and Estates Private Limited is launching its first retail-commercial venture, Aparna Neo Mall, and Aparna Cinemas in Hyderabad on May 31. Located in Nallagandla, the mall covers 3.67 acres and features over 80 stores, including luxury cosmetics, high-end apparel, and state-of-the-art dining and entertainment options. Aparna Cinemas will offer advanced Dolby sound systems and 4K projection screens with over 1,200 seats. With an investment of INR 252 crore in the mall and INR 32 crore in the cinema, Aparna plans further expansion, with four more malls featuring Aparna Cinemas across Telangana and Andhra Pradesh by 2027. This development aims to boost the local economy and enhance the retail and entertainment experience in Hyderabad.
Aparna Constructions Launches Landmark Neo Mall and Cinemas in Hyderabad
Hyderabad, May, 2024 — Aparna Constructions and Estates Private Limited has expanded its footprint into the retail-commercial and entertainment sectors with the grand opening of Aparna Neo Mall and Aparna Cinemas in Hyderabad. This significant development marks the company’s first venture into these segments, reflecting its ambition to capitalize on Hyderabad’s burgeoning urban growth.
Strategic Investment and Location
Located in the rapidly developing Nallagandla region, Aparna Neo Mall spans 3.67 acres and covers a substantial 3.5 lakh square feet. As the only mall within an 8 km radius, it is poised to become a central hub for shopping and entertainment. Aparna Constructions has invested Rs 252 crore in developing the mall, with an additional Rs 32 crore dedicated to Aparna Cinemas, demonstrating a robust commitment to enhancing the local infrastructure and lifestyle offerings.
Facilities and Offerings
Aparna Neo Mall boasts over 80 stores featuring a diverse array of luxury cosmetics, high-end apparel, travel essentials, cutting-edge technology, dining options, and premium entertainment venues. This extensive range ensures that the mall caters to varied consumer needs and preferences, establishing it as a one-stop destination for residents and visitors alike.
Cinematic Experience
Aparna Cinemas, integrated within the mall, offers state-of-the-art facilities designed to provide an unparalleled viewing experience. The cinema features the latest Dolby sound systems and 4K projection screens, with a seating capacity exceeding 1,200. “We aim to deliver a top-tier cinematic experience that sets a new standard for entertainment in the region,” said Rakesh Reddy, Director of Aparna Constructions and Estates.
Future Expansion Plans
Building on the success of Aparna Neo Mall, the company has ambitious plans for further expansion. “We have plans for four new malls, each featuring Aparna Cinemas as the entertainment unit across Telangana and Andhra Pradesh by 2027,” Rakesh Reddy added. This strategic vision underscores the company’s confidence in the region’s growth and its commitment to contributing to that development.
Hyderabad’s Growth Trajectory
Hyderabad is projected to become the fourth fastest-growing city in India, a trend driven by rapid urbanization and increasing demand in residential, commercial, and retail real estate. The launch of Aparna Neo Mall is timely, aligning with the city’s dynamic growth trajectory. “Hyderabad’s rapid urbanization is fuelling growing demand across the residential, commercial, and retail real estate categories,” noted Reddy. This development aims to meet and capitalize on that demand, offering both economic benefits and enhanced lifestyle options for the city’s residents.
Community Impact
The introduction of Aparna Neo Mall is not just a commercial endeavor but also a community-centric initiative. It is expected to generate employment opportunities, boost local businesses, and provide a modern recreational space for families and individuals. The mall’s strategic location and comprehensive offerings make it a valuable addition to Nallagandla, catering to the needs of a diverse population.
The launch of Aparna Neo Mall and Aparna Cinemas marks a significant milestone for Aparna Constructions and Estates Private Limited. This venture into the retail and entertainment sectors reflects the company’s strategic vision and commitment to enhancing the urban landscape of Hyderabad. As the city continues its rapid growth, developments like Aparna Neo Mall will play a crucial role in shaping its future, providing both economic uplift and enriching the lifestyle of its residents.
With the promise of more projects in the pipeline, Aparna Constructions is set to leave a lasting impact on the region’s development, fostering a thriving, modern urban environment.
