My Home Group which operates from Hyderabad plans to expand its operations throughout India by investing in major metropolitan areas which include Mumbai and Bengaluru and Chennai. The group plans to execute projects which will cost approximately ₹37,500 crore as part of its plan to expand throughout India while it considers launching an initial public offering (IPO) in the future.
Dr. Jupally Rameswara Rao founded My Home Group which has established a strong position in Hyderabad’s real estate market.. Now, the company is looking beyond its home market, earmarking ₹4,100 crore as initial capital to support expansion into other major cities.
Mumbai focus on premium housing
My Home Group is making its first major move outside Hyderabad with projects in Mumbai. The company has entered into two joint development agreements in Vile Parle and Chembur—among the city’s most premium residential locations. These developments will primarily feature luxury and ultra-luxury housing.
Around 30 per cent of the group’s overall project pipeline value has been allocated to Mumbai. Spread across nearly 2.8 million sq ft, the Mumbai projects are expected to generate revenues of up to ₹11,500 crore.
Large mixed-use project in Bengaluru
Bengaluru has been identified as the group’s second major expansion destination. My Home has acquired 76 acres of land in East Bengaluru, where it plans a large mixed-use development combining residential, commercial and retail spaces. The project will start its first construction activities for Bengaluru development in the upcoming financial year according to the group which has estimated the project’s worth to be approximately ₹23,000 crore.
Chennai entry through joint development
The team has initiated a collaborative development initiative which will take place in the Siruseri micro-market of Chennai and extend across 4 million square feet. The project is expected to deliver revenues of up to ₹3,000 crore.
Executive Vice Chairman Ramu Rao Jupally explained that My Home must become a national developer from its current position as a Hyderabad-based business to achieve the company’s future objectives. He stated that future expansion will depend on three cities which include Mumbai and Bengaluru and Chennai because those markets outside Hyderabad will generate 40 to 50 percent of total sales during the next five years.
IPO under consideration
Shyam Rao Jupally who serves as Managing Director of the company explained that present efforts concentrate on developing operational abilities while upcoming market conditions will determine whether the company proceeds with an IPO or private funding. My Home Group plans to use public listing as one of its permanent methods for raising capital during its upcoming nationwide expansion.
