Prajay Engineers Syndicate was incorporated in 1986 and is based in Hyderabad, India. The company is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India.

The company commenced operations in the real estate sector by building low cost residential buildings. It then diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks and large format high-end integrated townships. The company has a strong pipeline of ongoing and future projects to cater to a range of segments. This apart, it has international affiliation.

Business terms of all projects are transparent, and projects are completed within stipulated timelines consistently – enough to merit a good credit rating from banks and financial institutions (FIs).

In its 20 years experience, Prajay has delivered over 75 projects and developed over 5 million square feet. The company aims to invest around Rs 5,000-6,000 million in the coming years to develop the hospitality segment, create 1,000-room capacity by 2011 in the 5-star, 4-star and 3-star business class categories and focus on the residential segment, which currently accounts for 84 percent of the total area under development.

Business portfolio:

Construction

• Farmhouses
• Housing
• IT Parks
• Townships
• Office Spaces
• Malls

Land

Hospitality

• Clubs
• Hotels
• Resorts

Foundations

• Promoted by Chandra Mohan Reddy, Vijay Sen Reddy and Ravinder Reddy
• High reputation in construction industry in Hyderabad
• Focus on quality, timely delivery and innovation in design
• More than 75 projects successfully executed
• Track record of completing projects on scheduled and budgets
• Assistance in finance arrangements for the customers leading to increased revenues
• Credit rating of A+ and above from the FIIs

Milestones

1986

• Prajay incorporated

1994

• Became a Public Listed Company

2005

• Raised $15 million through FCCB route

2006 

• Commenced work on an IT Park SEZ
• Launched Mega Township Project
• Began the process of setting up India’s first auto mall in Hyderabad
• Raised $60 million through FCCB route
• Signed a joint venture with Sunway Group, Malaysia

2007

• Launched Celebrity Villas
• Closed the transaction of $36 million as SPV-based project equity funding from a leading investment banker for Prajay Virgin County.