Gachibowli, Hyderabad on real estate map
25 acres of land have been acquired by Bhagyanagar Metals Limited for developing an IT Park and residences. The property has been bought at a reported price of Rs.83 crores raised from wholly owned subsidiaries, Bhagyanagar Properties Limited and Scientia Infocom India Limited. The diversification into property development by Bhagyanagar Metals Limited has followed rising profit margins in the field.
By INRnews Correspondent
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