Investment Manager
Portfolio
Saket Engineers Private Limited (Unlisted Entity Level Investment)
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Partner Profile
Saket Engineers Private Limited ("Saket") is a real estate development and management company with a 17 year track record in Hyderabad. The company conceptualises, designs, markets and manages various types of real estate assets, including custom-made homes, residential communities and recreational facilities, all with a focus on the mid market segment.
Saket was established in the early 1990s by T Radha Krishna, a civil engineer from Bangalore University with significant experience in the design and construction of large housing projects, dams, bridges, river valley projects and apartment blocks in India, the Middle East and Canada.
Saket has a team of 114 professionals including architects, engineers and project managers. To date Saket has successfully developed and sold 1.7 million square feet of mainly residential space in the past. It is currently developing projects with a potential of over 5.8 million square feet on existing land banks.
Saket is currently undertaking a number of residential developments in the emerging corridors of Hyderabad. It presently has extensive well-positioned land banks of over 150 acres in growth corridors in the city which include Kapra, Gowdavelly, Edul Nagulpally and Yadgarpally. It is developing two projects in the Kapra micro-market in north-eastern Hyderabad, Sriyam and Pranaam. Sriyam is amongst Hyderabad's first high rise residential developments, while Pranaam is amongst the state's first projects targeted at senior citizen housing.
Yatra has invested at the enterprise level in Saket, thereby giving it an opportunity to participate in the company's growth story as it transforms itself from a single city developer to a regional player with a footprint across several cities in south India. The company's track record and strong understanding of the middle income segment of the residential market is expected to help it make this transition smoothly.
This investment opens up emerging residential opportunities in the major towns and cities in the state of Andhra Pradesh where Saket has footprints.
Saket Engineers Private Limited ("Saket") is a real estate development and management company with a 17 year track record in Hyderabad. The company conceptualises, designs, markets and manages various types of real estate assets, including custom-made homes, residential communities and recreational facilities, all with a focus on the mid market segment.
Saket was established in the early 1990s by T Radha Krishna, a civil engineer from Bangalore University with significant experience in the design and construction of large housing projects, dams, bridges, river valley projects and apartment blocks in India, the Middle East and Canada.
Saket has a team of 114 professionals including architects, engineers and project managers. To date Saket has successfully developed and sold 1.7 million square feet of mainly residential space in the past. It is currently developing projects with a potential of over 5.8 million square feet on existing land banks.
Saket is currently undertaking a number of residential developments in the emerging corridors of Hyderabad. It presently has extensive well-positioned land banks of over 150 acres in growth corridors in the city which include Kapra, Gowdavelly, Edul Nagulpally and Yadgarpally. It is developing two projects in the Kapra micro-market in north-eastern Hyderabad, Sriyam and Pranaam. Sriyam is amongst Hyderabad's first high rise residential developments, while Pranaam is amongst the state's first projects targeted at senior citizen housing.
Yatra has invested at the enterprise level in Saket, thereby giving it an opportunity to participate in the company's growth story as it transforms itself from a single city developer to a regional player with a footprint across several cities in south India. The company's track record and strong understanding of the middle income segment of the residential market is expected to help it make this transition smoothly.
This investment opens up emerging residential opportunities in the major towns and cities in the state of Andhra Pradesh where Saket has footprints.
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