Malaxmi Group to develop luxury real estate unit in Vijayawada.

Malaxmi Group recently announced its plans for setting up a luxury real estate project named Sentosa in the capital region of Vijayawada and other projects in the hospitality and infrastructure segments.

The Hyderabad-based company, with interests in power, agriculture sector, is making its entry into property development business with Sentosa, which means peace and tranquillity in Malay. 'We will invest about Rs. 100 crore in the phase one and make it a signature project in Vijayawada, which is poised to see rapid growth,' Y. Harish Chandra Prasad, Chairman of Malaxmi Group, said.

Addressing a press conference here today, he said the company has sewn up plans to develop infrastructure in the areas of hospitality, healthcare and tourism segments in the newly coming up capital region of Andhra Pradesh.


HBL