Alliance Group announces record sale of 2800 units in just 9 months (April - Dec 2021-22)

March 20, 2023

(Eds: Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.) CHENNAI, India, Jan. 17, 2022 /PRNewswire/ -- South India's largest real estate developer Alliance Group and brand Urbanrise, in its mission to bring quality homes to consumers, has today announced a significant milestone - the successful sale of 2800 units in just 9 months. With over eight projects in Chennai and three projects in Hyderabad, the organization is renowned for building homes, in premium locations, that truly add value to home buyers. Commenting on the occasion, Mr. Manoj Namburu, Chairman of Alliance & Urbanrise Group, said, "We are happy with this remarkable achievement by the team amidst a challenging time. The real estate industry witnessed a huge impact due to the pandemic, despite which we have successfully achieved this milestone. This is a true reflection of the quality that Alliance Group brings to the market and the trust of our customers." Alliance Group's recent project launches have contributed significantly to this record sale worth Rs. 1650 Cr. Starting with its project - Urbanrise Spring is in the Air, located at Ameenpur, Hyderabad which clocked a sale of 850 units in just 9 months since its launch to its most recently launched project Urbanrise On Cloud 33, Bachupally, launched in July 2021 has already sold 900 units. The organization closed the year 2021 on a high note with over 700 sales for the month of December alone. Alliance Group's location advantage and on-time delivery despite COVID-19 have helped the brand carve a niche for itself in the market. Alliance Group is planning to further strengthen its presence across markets like Chennai, Hyderabad and Bangalore with more project launches in the pipeline that are all set to be launched in the heart of the city as well as developing micro-markets. About the Group Founded by a visionary team of young and passionate experts from the real estate industry, Alliance Group, one of best developers in Bangalore, Chennai and Hyderabad, is a promising real estate brand emerging across South India. Having delivered over 5000+ homes the company has 4.2 Crores Sq. Ft. (42 Million Sq. Ft.) of projects worth Rs. 24,000 crores of real estate portfolio at different stages, and has set its sights to conquer the international real estate market with its Vision of becoming a $10 billion enterprise and the world's largest real estate development company by 2035. PWR PWR