Latest news with #AjiteshKorupolu
Hans India
18-06-2025
- Business
- Hans India
ASBL closes Rs 1,000-cr sales in Broadway project in Hyd
Hyderabad Prominent builder in Hyderabad's real estate sector ASBL has launched the much-anticipated Broadway, a premium residential gated community and closed Rs 1000 crore sales during pre-launch and launch day recently. The project, spread over five acres in the Financial District's prime area, has recently garnered the coveted Real Estate Regulatory Authority (RERA) approval. Inspired by Manhattan, a borough of New York City, the project will feature three towers with G+50 floors, 885 luxurious 3 BHK flats ranging from 2035 to 2650 sq. ft., and will be handed over by December 2029. Founder & CEO of ASBL Ajitesh Korupolu said that the project offers a seamless integration of indoor and outdoor spaces, featuring expansive balconies framed by three-sided glass railings, which provide uninterrupted views of the city and create the perfect space to relax and unwind. This outdoor living concept offers a rare urban space that blends indoor comfort with outdoor freedom. The project is designed by keeping various sensibilities of Indian families in mind and will provide futuristic homes for several generations to come, he added. Despite the slight overall real estate market slowdown in India in recent times, he said that Hyderabad has been contributing significantly to India's total residential sales, highlighting its significance in the real estate sector. With its advanced infrastructure and a range of ongoing and upcoming residential projects, West Hyderabad continues to remain as one of the most lucrative areas for investment, not just within the state, but the entire country as well, Ajitesh explained. With ASBL Broadway, we aim to unlock the potential of the city even further, especially that of West Hyderabad, as it is a location with excellent infrastructure and connectivity with leading hospitals, schools, and major business hubs, making it an ideal choice for homebuyers. In short, Broadway is a community designed specifically for those who seek limitless living, comfort, and luxury, he said.
Hans India
12-06-2025
- Business
- Hans India
ASBL Broadway eyes Rs 1,000 cr sales during pre-launch
Hyderabad: ASBL, a reputed name in Hyderabad's real estate landscape, is set to launch its latest premium residential project, Broadway, on June 14. Located in the city's thriving Financial District, the five-acre gated community has recently secured approval from the Real Estate Regulatory Authority (RERA) and is poised to be a landmark development in West Hyderabad. The project features three towers with G+50 floors, housing 885 luxurious 3 BHK apartments ranging from 2,035 to 2,650 sq. ft. The handover is scheduled for December 2029. With pre-launch sales already generating significant interest and a revenue target of Rs1,000 crore, Broadway is set to challenge the narrative of muted growth in India's residential sector. Ajitesh Korupolu, Founder and CEO of ASBL, emphasised Hyderabad's ongoing appeal, saying, 'For six years, Mercer has named Hyderabad India's most livable city. This reflects the city's unmatched quality of life, safety, and connectivity. Broadway is a continuation of this legacy—a premium living space tailored for those who seek expansive, luxurious, and future-ready homes.' Drawing inspiration from New York's Manhattan, ASBL Broadway is designed with a deep understanding of Indian family living. The project features expansive balconies with three-sided glass railings that merge indoor comfort with outdoor freedom. Full-length curtain wall windows offer panoramic views of the Financial District, creating a sense of openness and luxury. The project aims to deliver not just homes, but a lifestyle defined by elegance, space, and innovation. Even as other cities face a slowdown, Hyderabad continues to outperform in residential real estate. According to ANAROCK's Q1 2025 report, the city recorded 10,300 new unit launches and 10,100 unit sales during the quarter. Notably, West Hyderabad alone accounted for 51 per cent of all new launches, as per Cushman & Wakefield.
The Hindu
11-06-2025
- Business
- The Hindu
ASBL to launch 50-storey residential project in Hyderabad's financial district
Hyderabad-based real estate developer ASBL is set to launch its latest residential project, Broadway, on June 14 in the Financial District. The project has received approval from the Real Estate Regulatory Authority (RERA), said a release. Spread across five acres, Broadway will feature three high-rise towers with G+50 floors, comprising a total of 885 three-bedroom apartments. The flats will range from 2,035 to 2,650 square feet, and the project is scheduled for completion and handover by December 2029. Ajitesh Korupolu, founder and CEO of ASBL, said: 'Since 2015, Mercer has ranked Hyderabad as India's most liveable city six times, highlighting its tranquillity, cosmopolitan appeal and safety. With Broadway, we aim to contribute to this standard by building a community that exemplifies comfort, connectivity, and modern urban living,'
