Eco-habitat developer Organo is looking to invest Rs 900 crore in acquiring 1,800 acres of land across Hyderabad and Bengaluru to develop townships, sources told ET.
The Hyderabad-based company is betting on demand growth in self sustainable cities and people wanting to live away from cities after the Covid-19 pandemic.
Organo’s founder Nagesh Battula said the company is looking to develop townships but did not confirm the investment figure. “We are currently looking at projects across product types with an order book of Rs 3,000 crore and turnover of Rs 900 crore, targeting 3% of the total TAM for alternate real estate in India.” Battula said.
“In Rurban (a mix of rural and urban) communities, there is very little speculation on land price and the majority of the cost goes into constructing building infrastructure and installing technologies for sustaining the community. The land price amounts to only 11% of the overall cost,” he said.
Building Rurban communities is unlike typical real estate investments where the project value is majorly derived from the speculative nature of land price and developments that take place around the project.
A Meraqui report 'Emerging Residential Niche Products’ says that the target addressable market (TAM) for alternate real estate is expected to reach $4.3 billion by 2022.
In Hyderabad, the company’s projects with a total value of Rs 450 crore are coming up on a 70-acre land parcel and are expected to be completed by 2023.
While, in Bengaluru, the company has identified land parcels of 63 acres (254 villas) and 50 acres (150 villas) to the north of Bengaluru with a total project value of Rs 372 crore and Rs 270 crore, respectively.
“With our cities being choked due to high population density, we are consuming polluted water, breathing polluted air and eating polluted food. Counter - urbanisation is one possible solution to reduce stress on our cities and improve our health and well-being,” said Battula.
To read the original article visit Economic Times, written on Dec 21 - 2020 here
Rurban Nest, an eco-habitat promoted by 22 doctors in Nizamabad, mentored by Organo Eco-Habitats, has been featured by Saakshi, a leading Telugu newspaper. An eco-habitat of 22 villas has all the salient features of Organo eco-habitats like the biopool, club house, guest suites amongst others with organic farming at the core. We’re happy to present the English translation here
Read MoreNagesh Battula, Founder-CEO of Organo eco habitats, holds a mirror to the changing dynamics & thought processes of real estate developers and urban residents. As an all-encompassing solution to the ever-increasing urbanisation, he explains why living in Rurban communities and moving away from dense cities makes complete sense. He recently spoke to Eenadu on the significance of developing eco-habitats to counter urbanisation. The result was an insightful article published in one of the country’s largest circulated vernacular publications. We’re happy to share the English translation here
Read MoreThe Hyderabad-based company is betting on demand growth in self sustainable cities and people wanting to live away from cities after the Covid-19 pandemic.Organo’s founder Nagesh Battula said the company is looking to develop townships but did not confirm the investment figure. “We are currently looking at projects across product types with an order book of .....
Read MoreOrgano Naandi has been featured in a film made for Organo as part of “Building a Better Future", a series of films presented by the World Green Building Council and produced by BBC StoryWorks Commercial Productions
Read MoreThe idea of a ‘perfect world’ is unrealistic. Nagesh Battula, founder and managing director, Organo, would agree. Responsible for a Hyderabad-based eco-habitat founded on the core philosophy of Samavriddhi—prosperity for all—Battula believes in blending rural experiences and urban conveniences. This has resulted in their award-winning housing project—Organo Naandi. In this journey....
Read MoreThe Hyderabad-based company is betting on demand growth in self sustainable cities and people wanting to live away from cities after the Covid-19 pandemic.Organo’s founder Nagesh Battula said the company is looking to develop townships but did not confirm the investment figure. “We are currently looking at projects across product types with an order book of .....
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