SSPDL to set up residential villa community in Hyderabad

Hyderabad: Srinivasa Shipping & Property Development (SSPDL) and Indiareit Fund Advisors are developing a gated residential villa community ‘SSPDL Northwoods’ near Hyderabad at a total estimated project value of Rs 250 crore.

Through a special purpose vehicle, they have acquired 42 acres in Gundlapochampally village for the purpose, SSPDL has informed BSE.

In Chennai, the company has entered into a construction contract for TCG IT Park and construction of 50 villas for Ferns-Regalia Realty Ltd, Chennai.

In Andhra Pradesh, the company has been awarded construction contracts aggregating to Rs 78.20 crore.