Telangana’s largest industrial house My Home Group has teamed up with office space specialists RMZ group to build a 10 million sq ft property in Hyderabad. The more than ` . 6,550-crore ($1 billion) office-space project, touted as the country’s largest, is coming up on a 10-acre piece of land in Hyderabad’s upmarket Hitec City . The two companies will contribute equally towards the project cost, said two persons in the know.
“It is the largest office project in the country so far,“ said global property consultant Cushman & Wakefield’s Hyderabad managing director Veera Babu. My Home and RMZ did not respond to ET’s queries seeking details on the transaction.
However, another property consultant said, “My Home Group, the cement to construction conglomerate, was in talks with some of India’s largest real estate players with specialisation in office space for this project and has finally frozen the joint venture deal with RMZ recently .“
Read more: The Economic Times