The pharmaceutical powerhouse MSN Group, with a robust $1 billion portfolio, is making a significant leap into the real estate sector. The Group has unveiled plans to develop 20 million square feet of residential and commercial space across prime locations in and around Hyderabad over the next five years.
At the launch event of the newly established MSN Realty brand, the founder, chairman, and managing director emphasised the Group’s commitment to not only constructing buildings but also creating spaces that adhere to the highest standards of design and functionality. “Our vision is to enhance the quality of life for our residents through innovative and meticulously planned developments,” he stated.
The ambitious real estate plan will initially focus on residential space development in key areas including Neopolis, Manchirevula, Tellapur, Patancheru, and Isnapur. The Group has acquired land parcels totalling 15 acres in Neopolis from the Telangana government for ₹70-75 crore each. The first phase of development in Neopolis will include high-end apartments ranging from 2,500 to 7,000 square feet. Details of this project, including final approvals, are expected to be disclosed within the next couple of months. The target is to develop 8-9 million square feet in this area within five years. To manage this diversification, MSN Group has established MSN Urban Ventures, a dedicated subsidiary for real estate development. Senior Vice President will lead this new venture, overseeing the Group’s entry into the real estate market. With a current land bank of approximately 25 acres, the Group is also exploring opportunities to expand its portfolio through further land acquisitions.
In response to questions about market timing, the Group’s spokesperson highlighted Hyderabad’s strong potential for real estate growth, asserting that the Group’s entry into the market is timely and strategic. Having exceeded $1 billion in revenue for the fiscal year 2023-24, MSN Group is poised to leverage its pharmaceutical legacy in driving its real estate ambitions. The Group’s focus on quality and creative design aims to set a new benchmark in the real estate sector.
