Daughter of Divi's Laboratories Founder Acquires INR 80 Crore Worth of Luxury Properties in Hyderabad

Luxury real estate Acquisition in Hyderabad

Bengaluru: Nilima Prasad Divi, daughter of Murali Divi, founder of India’s pharmaceutical giant Divi’s Laboratories, has made significant investments in Hyderabad’s luxury real estate market, purchasing two prime properties worth ₹80 crore.

Details of the Properties - Exclusive Jubilee Hills Transactions

The first property, covering 12,000 sq ft with a built-up area of 200 sq ft, was acquired from Srinivas Prasad, Surya Kamal Prasad, and Satya Chandra Prasad for ₹40 crore in the prestigious Jubilee Hills neighborhood. The second property, also a 12,000 sq ft plot, was purchased from Moturi Surya Kamal Prasad for an equal amount, as documented by Zapkey.

Market Trends and Influences - Boom in Luxury Real Estate

The demand for ultra-luxury properties in major markets like Mumbai, Bengaluru, Hyderabad, and Delhi-NCR has surged over the past two years, driven by high-net-worth individuals. Prominent figures in the pharma industry, including Girdharilal Bawri, Banwarilal Bawri, and Rajendra Agarwal of Macleods Pharmaceuticals, as well as Siddharth Shah of PharmEasy and Dilip Surana of Micro Labs, have been notable buyers.

Jubilee Hills: The Epicenter of Luxury real estate

A Sought-After NeighborhoodJubilee Hills has emerged as one of India’s most expensive and desirable locations for both commercial and residential properties, with land prices ranging from ₹25,000 to ₹35,000 per sq ft. This upscale area is favored by the affluent due to its exclusivity and prime real estate offerings.

Expert Insight - High-End Market Dynamics

Rajesh N, a luxury real estate broker, highlighted that Hyderabad’s high-end real estate market continues to attract business founders, actors, and promoters due to potential capital gains and favorable tax conditions. Over the past two years, significant transactions have involved luxury homes and land in Jubilee Hills, with properties selling for between ₹30 crore and ₹50 crore for sizes ranging from 11,000 to 15,000 sq ft.

A Testament to Growing Luxury Demand

These high-value acquisitions by prominent individuals reflect the booming demand and robust growth of the luxury real estate market in Hyderabad, positioning the city as a prime destination for elite property investments.