News and Press Release

Kalyan Developers to invest Rs 300 crore in Kerala

July 26, 2016 :

Kalyan Developers, the sister concern of Kalyan Jewellers, is investing Rs. 300 crore as part of its expansion plan in Kerala. The company has planned three new residential projects in Thiruvananthapuram , two of which will be launched this month with nearly 100 apartments on offer. The third one will be launched before the end of this year.

Kalyan Developers will also add five new residential projects in Kochi, Kottayam and Thrissur. Kalyan Developers will invest Rs. 300 crore for the eight new projects with a cumulative development area of 10 lakh square feet. Presently, the company has 6 lakh square feet of ongoing and completed residential projects in the state.

T.S.Kalyanaraman, chairman of Kalyan Developers said, ‘’ We are bullish about our growth prospects in Kerala and believe that the Rs. 300 crore investment will augment the infrastructure endeavours of the state and support the growing need for quality homes.’’

Since its inception in 2011, Kalyan Developers has focused on building homes that provide the latest in amenities. R Karthik, managing director of Kalyan Developers added: ‘’Kalyan Developers has an enviable track record of delivering quality homes on time and exceeding customer expectations.’’

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