Rameswar Rao Jupally, the doctor who became top realtor of Hyd
As per company’s website, My Home Group is a large and fast growing company with a turnover in excess of Rs 4,000 crore
Over the course of its existence, this realty major has delivered many successful projects catering to the residential and commercial segments. The company has built over 18 residential and commercial projects, with a total built-up area of more than 10.5 million square feet
Rameswar Rao Jupally, the Founder & Chairman of My Home Group, a homoeopathy doctor-turned-real estate biggie with a fortune of Rs 7,300 crores, leads the Hyderabad chart of GROHE Hurun India Real Estate Rich List 2021, and is ranked at 11th position pan-India. According to 10th edition of Hurun Global Rich List 2021, Rameswar Rao Jupally and family are also ranked at 138 in India and 2,383 globally with a net worth of Rs 10,500 crore. He is the seventh richest person in Hyderabad.
As per company's website, My Home Group is a large and fast growing company with a turnover in excess of Rs 4,000 crore. The group has presence across the nation with interests in an entire value chain comprising of construction, cement, power, consultancy and education.
Doctor to realtor
The business house of My Home traces its roots to a young Rao arriving in Hyderabad from a village in Mahabubnagar district in 1974. In five years, he had moved from being a homoeopathic doctor to a realtor.
He had set up his clinic at Dilsukhnagar in Hyderabad in 1979. The area had just started developing. So a lot of people were interested in buying land in the locality. Some of his patients were real estate agents through whom he got initiated into the realty business.
He sold some plots and made money. In the same year, he invested around Rs 50,000 to develop land at Hayatnagar and sold it as open plots. After a few such projects, he got a break in the construction business in 1985, when he got the opportunity to construct apartments for JelgamVengal Rao under the development model at Begumpet. This started his journey in the construction area.
My Home Group is now a leader in the realty sector and also has three plants producing 8.5 million tonnes of cement every year. The group's brand, Maha Cement, posts an annual turnover of Rs 3,000 crore. In addition, it sells 30 MW of the total 70 MW of power produced by the group's captive power plants.
Recently on completion of its 35 years of operations the company has announced to take up amassive investment of Rs 30,000 crore in projects to be executed in Kokapet and Tellapur, Hyderabad adding about 40 million sq ft of real estate space over the next five years.
The company is likely to invest about Rs 15,000 crore in an integrated township in Tellapur spread over 250 acres while an integrated IT hub will be set up at Kokapet in about 80 acres with an investment of about Rs 15,000 crore. It believes Kokapet and Tellapur are Hyderabad's next most coveted commercial and residential destinations.
The commercial project at Kokapet will be among the largest office spaces in Asia with over 27 million square feet of space. This is being constructed using eco-friendly precast construction technology. At Tellapur, the company's projects- My Home Ankura (first villa project) and My Home Tridasa (premium lifestyle apartments) will include educational, retail, and entertainment facilities making it a holistic living experience.
The company, which has delivered 27 million square feet so far, is aiming to deliver eight million square feet, which is under various stages of construction. The company, now employs over 10,000 people with over 25 projects covering nearly 35 million square feet, having delivered homes to 10,000 customers. The company also has plans to create a sustainable city in Shamshabad.
In a message to company's stakeholders, Rameswar Rao Jupally, Chairman, My Home Group says: "My Home Constructions has been in operations for over three decades and always strive to be leaders in the Hyderabad real estate market, meeting the expectations of our customers. Quality, Reliability and Integrity are the three mantras we always preach and practice. We have delivered over 21 landmark properties in Hyderabad and had the association of thousands of households and share our joy with them.
"It's this patronage and encouragement that has been our inspiration for continued growth and launch of new projects with highest standards. At this juncture, we once again re-dedicate ourselves to host happy communities through My Home Bhooja at Hi-Tech City, Hyderabad, My Home Avatar at Puppalguda, Hyderabad and My Home Krish at Gachibowli, Financial District, Hyderabad," he adds. Over the course of its existence, this realty major has delivered many successful projects catering to the residential and commercial segments. The company has built over 18 residential and commercial projects, with a total built-up area of more than 10.5 million square feet. Currently, 14.5 million square feet is under construction and tens of millions of square feet are under planning stage.
"Beyond these millions of square footage, lie the wide smiles of our satisfied customers," says Rameswar Rao.
The company has been growing from strength to strength since its inception. Dotting the skyline of Hyderabad city, it has created a new idiom in the art and craft of construction. It is no wonder that My Home Constructions Pvt Ltd is recognized as a pioneer in building superior quality projects and as an icon in the real estate industry of Hyderabad.