Zuari Industries' Subsidiary Signs Development Management Agreement with M/s Gangothri Developers for a 9.4 Acre Residential Project in Hyderabad

Zuari Infraworld India Limited, a wholly-owned subsidiary of Zuari Industries Limited, has signed a Development Management Agreement with M/s Gangothri Developers. The agreement is for providing development management services for a residential project on a 9.4 acre land parcel located at Kollur micro market, Hyderabad. The project, with an estimated cost of over Rs. 1500 crore, will feature nine high-rise residential towers with well-designed 3 & 4 BHK apartments. The project has a saleable area of approx. 3.8 million sq. ft. and a total development area of approx. 5.3 million sq. ft. Zuari Infra will provide development management services for branding, marketing, sales, collection & customer relationship management (CRM), and supervision of construction work for the project at a consideration of DM fees amounting to approx. Rs. 150 to 200 Crore over the project tenure of five (5) years.