- Source: Aliens Group
Aliens Group is a privately held Indian real estate and construction company founded in 2004 and headquartered in Hyderabad, Telangana. It also has a group of companies such as Aliens Infra Tech Pvt Ltd and Aliens Developers.
The company has received the Asia Pacific Property Awards under two categories for its project- Apartment for Aliens Space Station and Mixed-Use Development for Aliens Space Station at the International Property Awards 2012.
History
Aliens Group was founded in 2004 by Hari Challa and Venkat Challa. Its projects include Aliens Space Station, a residential skyscraper in Gachibowli, Hyderabad; at 120 metres (390 ft), it is currently tallest brick mortar structure, and will be amongst top ten or twenty buildings in when completed fifth-tallest building in the city. The company's notable projects include Aliens Valley, Aliens Elite and Aliens Hub.
Funding
Aliens Group raised INR Rs 200 crore (US$30 million) from Edelweiss Broking Limited for its project Aliens Space Station. The company handed over a Rs 580 crore contract to Mumbai based New Consolidated Construction (NCCCL) to speed up the construction work and ensure timely delivery of flats.
Owing to the high cost of debt, in 2023 Aliens applied and became eligible for SBICap Ventures' SWAMIH Investment Fund. As per SWAMIH estimates, the group requires INR 332crores to conclude the Aliens Space Station Project.
Completed Projects
Aliens Elite
Aliens Valley
Aliens Sweet home Venus
Aliens Fasttrack
Aliens Blend
Source:
On-Going Projects
Aliens Space Station
Aliens Hub
Aliens Space Station Story
Rising immensely in prominence in the state of Andhra Pradesh, the group ran into controversy due to delay in delivery of flats in - Aliens Space Station 1. This project was conceived in 2009 and pre-booking started in 2008. The project's construction got stalled later due to uncertainties caused due to various politico-economic changes, the global economic depression in 2009 and the major hammer blow of the state bifurcation. Increasing costs, inflation and public pressure led the group to deliver one station consisting of 8 towers while halting the sales and construction of the remaining units.
In 2016, post an exhaustive audit, Aliens Group managed to raise Rs. 200 crore funding from ECL Finance Ltd, the non-banking financing arm of Edelweiss Financial Services Ltd which helped to resume construction in Space Station and closing out pending cases through compensating aggrieved customers.
The project again ran into trouble owing to the funding partner liquidity concerns following the IL&FS NBFC scandal. Following this, the group received a boon in the form of a low cost fund - SWAMIH by SBI Caps. The fund pre-approved the funding request in 2021 and provided final approval to Aliens Group's Space Station Project for a substantial INR 332 cr post following a thorough due-diligence via auditing firms in 2023. Also, providing the group disbursal timelines of Q1'2024.
The Group is currently looking to complete and handover the Space Station Township project in Q4 2026 basis SBI Cap Estimates. Meanwhile, the once aggrieved Aliens Group is also growing in the plotted development category with its massive Hillstation, Golf-Based development - Aliens HUB.
Awards and achievements
2008: Awarded a Platinum Rating by Indian Green Building Council (IGBC) in the Residential Townships Category.
2008: Received IGBC Green Homes Platinum award under Indian Green Building Council.
2009: Cityscape Awards Real Estate Asia under the best Residential Development- Future.
2012: Asia Pacific Property Awards under two categories - Apartment for Aliens Space Station and Mixed-Use Development for Aliens Space Station, at the International Property Awards 2012.
2012: The founder and MD of Aliens Group, Hari Challa has conferred The Green award for his project Space Station.
2012: Aliens Group's founder Hari Challa also received The Platinum Award of Excellence and was listed 5 among India's Top Young Builders.
See also
Logix Group
References
External links
Official website
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