Suchirindia targets Rs 500 cr revenue in 2019-20: Kiron

Suchirindia targets Rs 500 cr revenue in 2019-20: Kiron

Agency News

Hyderabad, Nov 2 : Suchirindia, a city-based company has targeted Rs 500 crore revenue during 2019-20, Company CEO and Managing Director Lion Dr Y Kiron said on Saturday.

Talking to newsmen here in connection with the launch of new venture called “Suchir IVY Greens” at Maheswaram in Ranga Reddy district on November 3, Dr Kiran said that Suchirindia has grown into a well diversified business house with a presence in residential real estate, commercial real estate, hospitality, construction and Railway infrastructure development with several million square feet developed and more on pipeline.

He said that the company had posted total revenue of Rs 400 crore in 2018-19 with Rs 80 crore profit and expecting 25 per growth (Rs 500 crore) this financial year 2019-20.

Stating that the company having large chunk of 1000 acres of land in around Hyderabad, Dr Kiran said 5 projects valued about Rs 2000 were on pipeline.

Speaking on new project Suchir IVY Greens worth about Rs 200 crore, Dr Kiran said that the project has been developed as Open Villa Plots measuring in between 240 square yards and 600 square yards. The total units 650 and Rs 12000 per square yard. As a pre-launch 50 per cent of plots already been sold out with Rs 11,000 per square yard, he added.

Speaking on pipeline projects, Dr Kiran said that a residential project would come up at Aromgher, closed to Outer Ring Road. The flats costing Rs 60 lakhs each measuring 1500 Sft would be constructed keeping in view of 50-60 aged people. Another affordable residential flat coasting about Rs 30 lakh each measuring 850 sft. The project totaling 400 units would come up close to Shamshabad. Another project with 800 units in the same range would come up close to Alwal. (UNI)