PropIQ independent review. Compiled from RERA portals, news sources, 99acres, MagicBricks, Housing.com, and public buyer forums. PropIQ has no commercial relationship with Urbanrise or Alliance Group. All ratings are independently assessed.
Company overview
Full legal name
Urbanrise — An Alliance Group Company
Parent: Alliance Group · Est. 2010, Bengaluru
Chairman & MD
Mr. Manoj Sai Namburu
Vice Chairman: Mr. Suneel Bommireddy
Homes delivered
22,000+ units
As of 2025 (was 5,000 in 2022, 15,000 in Oct 2024)
Portfolio value
₹51,000 Crore
Under development + delivered
Under development
72 million sq.ft
Hyderabad · Chennai · Bangalore · Vizag
Revenue target
$10 Billion by 2035
Requires ~300% avg. annual growth
Segments
Affordable · Mid · Luxury · Villas · Plots
Primarily residential; some commercial
Institutional backing
ADIA · Kotak · Motilal Oswal · Indostar
₹140 Cr ADIA loan repaid 24 months early
All projects — city-wise
Comprehensive listing of Urbanrise and Alliance Group projects across all cities. Sources: RERA portals, 99acres, MagicBricks, CommonFloor, official website. Projects listed under the Alliance/Urbanrise umbrella brand.
Hyderabad
Primary market · Western corridor focus
9
Total projects
4
Delivered
4
Ongoing
1
Upcoming
✓ Delivered / Completed
| Project name | Location | Type | Scale | Price range | Status |
|---|---|---|---|---|---|
| OC 33 (Orchid Condominiums 33) | Bachupally | Apartments | Mid-rise · Gated community | ₹46 L – ₹80 L | Delivered |
| The Summit | Bachupally | Apartments | Premium gated community | ₹55 L – ₹95 L | Delivered |
| Atrium | Tellapur | Apartments | Mid to premium · Gated | ₹50 L – ₹90 L | Delivered |
| Alliance Orchid Springs | Miyapur area | Apartments | Named Top 100 Projects of India | ₹48 L – ₹85 L | Delivered |
● Ongoing / Under construction
| Project name | Location | Type | Scale | Price range | Possession | RERA No. |
|---|---|---|---|---|---|---|
| The World of Joy — Miyapur | Miyapur / Ameenpur | 3 & 4 BHK luxury apartments | 12.1 acres · 5 towers · 42 floors each · 1L sq.ft clubhouse | ₹83 L – ₹1.84 Cr | Dec 2026 | P01100006655 |
| The World of Joy — Ameenpur | Ameenpur, near airport | 3 & 4 BHK apartments | 7 acres · HMDA approved · Ameenpur Lake views | ₹1.05 Cr – ₹1.84 Cr | May 2028 | Verify tsrera.gov.in |
| Sky Habitat | Miyapur | Ultra-luxury high-rise | 42 floors · 100-acre lake view · 200+ amenities · 1L sq.ft clubhouse | ₹1.8 Cr onwards | 2027–28 | Verify tsrera.gov.in |
| Spring is in the Air (Manhattan Condos) | Ameenpur | Stylish apartments | Mid-rise · Full amenities | ₹65 L – ₹1.1 Cr | 2027 | Verify tsrera.gov.in |
◌ Upcoming / Pipeline
| Project name | Location | Type | Investment | Scale |
|---|---|---|---|---|
| Hyderabad pipeline (unnamed) | Multiple locations | Residential high-rise | ₹5,900 Crore committed FY24 | 10 million sq.ft planned |
Buying in Hyderabad? Calculate before you commit.
Stamp duty (Telangana: 6%), registration (0.5%), EMI, and total upfront cost — in 90 seconds.
Chennai
Largest city presence · OMR IT corridor focus
11
Total projects
4+
Delivered
5
Ongoing
2
Upcoming
✓ Delivered / Completed
| Project name | Location | Type | Scale | Status |
|---|---|---|---|---|
| Alliance Orchid Palms | OMR / Sholinganallur area | Apartments | Early flagship project · Delivered | Delivered |
| Alliance Arena | Porur / West Chennai | Apartments | Gated community | Delivered |
| New Porur (Codename of Joy) | Porur | Affordable to mid apartments | Large township · 1,000+ units delivered | Delivered |
| Various early Alliance Group projects | Multiple Chennai locations | Mixed residential | Part of 22,000+ delivered across all cities | Delivered |
● Ongoing / Under construction
| Project name | Location | Type | Scale | Price range | Possession | RERA |
|---|---|---|---|---|---|---|
| World of Joy — Siruseri (Codename: The Game Changer) | Siruseri, OMR | 1, 2 & 3 BHK apartments | 10.15 acres · 7 towers · 2,880 units · Near SIPCOT IT Park | ₹30 L – ₹74 L | Dec 2026 | TN/35/Building/0397/2023 |
| Revolution One | Siruseri, OMR | Apartments | 900 units · Near SIPCOT IT Park | ₹35 L – ₹60 L | 2026 | Verify tnrera.in |
| Spring Tide | Mahindra World City, Chengalpet | 3 BHK luxury apartments | 9.14 acres · 530 units · MIVAN technology | ₹1.1 Cr – ₹1.4 Cr | Aug 2029 | Verify tnrera.in |
| Whispers of Sky | Sholinganallur, OMR | 2 & 3 BHK premium apartments | 6.09 acres · 623 units · 30,600 sq.ft clubhouse · IGBC Gold pre-certified · 1 km from metro | ₹1.2 Cr – ₹1.8 Cr | 2027 | Verify tnrera.in |
| Orchid Greens | Thiruvallur (near Chennai) | Plots | Near Govt. Hospital · 345 units | ₹18 L – ₹45 L | Ongoing | Verify tnrera.in |
◌ Upcoming / Pipeline
| Project name | Location | Scale | Investment | Status |
|---|---|---|---|---|
| Mahindra World City Luxury High-rise | Mahindra World City, near Chennai | 9.24 acres · 2M sq.ft · Acquired from Mahindra LifeSpaces | ₹700 Cr investment · ₹1,200 Cr revenue potential | Upcoming 2027 |
| Mega Chennai Township | Multiple Chennai locations (96.5 acres from Vees Properties) | 96.5 acres · 13 million sq.ft · Mega township | ₹7,000 Cr revenue potential | Upcoming 2028–30 |
Buying in Chennai? Check stamp duty and total cost.
Tamil Nadu stamp duty (7% male / 7% female) + registration (1%) + GST — full calculation in seconds.
Bangalore
Group HQ city · Growing presence · ₹6,800 Cr pipeline
4
Known projects
1
Delivered
2
Ongoing/upcoming
₹6,800 Cr
Committed pipeline
✓ Delivered / Completed
| Project name | Location | Type | Scale | Status |
|---|---|---|---|---|
| Alliance Orchid Springs (Bengaluru) | Bengaluru | Apartments | Named "Top 100 Projects of India" | Delivered |
● Ongoing / Under construction
| Project name | Location | Type | Scale | Price range | Funded by |
|---|---|---|---|---|---|
| World of Bliss (City of Infinite Life) | Kengeri Hobli, Gangasandra | Luxury villas | 24 acres · 219 villas · Lush green environment | ₹2 Cr – ₹4 Cr est. | Motilal Oswal ₹260 Cr |
| Bangalore High-rise (MO-funded) | Bangalore | Premium high-rise apartments | 7 acres · Motilal Oswal funded | TBA | Motilal Oswal ₹260 Cr |
◌ Upcoming Pipeline
| Description | Scale | Investment | Timeline |
|---|---|---|---|
| 10 million sq.ft residential Bengaluru expansion | 10 million sq.ft | ₹6,800 Crore committed (FY 2023-24) | 2025–2028 |
Buying in Bangalore? Know your stamp duty.
Karnataka stamp duty 5% (male & female same) + registration 1%. Full cost breakdown in seconds.
Visakhapatnam (Vizag)
Emerging market · Limited current presence
1
Known project
Expanding
Status
Tier-2
Market type
Watch
PropIQ call
● Presence confirmed
| Status | Details |
|---|---|
| Vizag mentioned in portfolio | Urbanrise has confirmed Visakhapatnam as part of its active development portfolio. Specific project names and RERA registrations not yet in the public domain. The group's expansion materials list Vizag alongside Chennai, Hyderabad, and Bangalore as active markets. Monitor urbanrise.in and AP RERA for updates. |
⚠ Vizag buyer advisoryAndhra Pradesh RERA (AP-RERA) portal should be checked before any booking in Vizag: rera.ap.gov.in. Vizag projects by large South Indian developers are generally viable but verify registration and possession timelines carefully as it is a newer market for Urbanrise.
Company history & milestones
2010
Alliance Group founded, Bengaluru
Established by Manoj Namburu and Suneel Bommireddy. Initial focus on affordable and mid-income residential projects in Bengaluru.
2014–2016
Expansion into Chennai and Hyderabad
Alliance Group entered the high-growth Chennai OMR corridor and Hyderabad's western suburbs (Miyapur, Bachupally, Tellapur). First large-scale gated community projects delivered.
2017
Urbanrise Projects LLP incorporated
Urbanrise Projects LLP formally incorporated in 2017 as the dedicated residential brand of Alliance Group.
2018
Urbanrise consumer brand launched
Alliance Group created "Urbanrise" as a premium consumer brand to unify its residential portfolio under one identity targeting aspirational urban buyers.
2019–2020
ADIA sovereign fund investment — ₹140 Crore
Abu Dhabi Investment Authority (world's largest sovereign wealth fund) invested through Kotak Real Estate Fund and Indostar Capital. The entire ₹140 Cr was repaid 24 months ahead of schedule — a landmark signal of financial discipline.
2022
Motilal Oswal invests ₹260 Crore across 3 projects
Motilal Oswal Private Equity committed ₹260 Crore for a 30-acre Bangalore villa project, a 7-acre Bangalore high-rise, and a 17.5-acre Hyderabad high-rise. Combined 6.2M sq.ft; ₹4,600 Cr revenue potential.
2023
₹21,600 Crore expansion announced; Chennai mega-land acquisition
Announced 36 million sq.ft pipeline: 10M sq.ft BLR (₹6,800 Cr), 16M sq.ft CHN (₹8,900 Cr), 10M sq.ft HYD (₹5,900 Cr). Acquired 96.5 acres in Chennai (₹7,000 Cr revenue potential) and 9.24 acres at Mahindra World City (₹1,200 Cr potential).
2024–25
22,000+ homes delivered; ₹51,000 Cr portfolio; Sky Habitat launch
Fastest Growing Real Estate Brand 2024 (HURUN GROHE). Real Estate Developer of the Year — Hyderabad (ET Now). Sky Habitat, Miyapur (42-floor ultra-luxury, 100-acre lake views) launched. Happy customer count crosses 22,000.
PropIQ scorecard — 6 dimensions
Each dimension scored 0–10 based on verifiable public data. Not a paid review.
Delivery track record
8
22,000+ homes delivered across 3+ cities. Strong track record, though some projects saw 12–24 month delays (common at this scale).
Construction quality
7.4
Well-reviewed for finish in premium projects (Sky Habitat, World of Joy). Some buyer feedback on mid-range unit finishing quality.
Financial strength
8.4
ADIA + Kotak + Motilal Oswal + Indostar. ₹140 Cr ADIA loan repaid 24 months early. Institutional trust is very strong.
RERA compliance
7
Most projects RERA registered. One Chennai project noted without registration on some platforms. Post-booking plan changes flagged by buyers.
Amenities & design
8.4
1 lakh sq.ft+ clubhouses, rooftop pools, hydrotherapy, pickleball arenas, Miyawaki forests. Among highest amenity density in South India.
Transparency
6.6
Floor plan changes post-RERA approval have been a grievance. Customer communication post-sale rated moderate by buyers.
Financials & institutional funding
ADIA (Abu Dhabi Investment Authority)
₹140 Cr
Via Kotak Real Estate Fund · Repaid 24 months early
Motilal Oswal Private Equity
₹260 Cr
3 projects · 6.2M sq.ft · ₹4,600 Cr revenue potential
Indostar Capital Finance
Undisclosed
Construction finance across multiple projects
Total portfolio
₹51,000 Crore
Under development + delivered (Oct 2024)
Under execution
₹24,000+ Crore
Active construction across 4 cities
2023–24 announced launches
₹21,600 Crore
36M sq.ft across BLR, CHN, HYD
2035 revenue target
$10 Billion
Requires ~300% average annual growth
Leadership team
Manoj Sai Namburu
Chairman & Managing Director
Founder. "Global Indian of the Year." Drives $10B revenue vision and institutional partnerships.
Suneel Bommireddy
Vice Chairman
Serial entrepreneur. "Greatest Leader in Real Estate." Oversees strategy and investor relations.
P. Chandrasekhar Reddy
Joint Managing Director
"Most Admired Leader." Oversees project execution across Hyderabad and AP markets.
Kamallakar Shet
Director
Capital allocation and institutional fund management for the group.
Rajendra Joshi
Whole Time Director
Day-to-day management, project approvals, and regulatory compliance across all markets.
Awards & recognition
🥇
Fastest Growing Real Estate Brand 2024
HURUN GROHE Report
🌏
Asia's Best & Fastest Growing Real Estate Brand
WCRC International
🏅
Real Estate Developer of the Year 2025 — Hyderabad Residential
ET Now (Economic Times)
💎
Most Iconic Luxury Project of the Year — World of Joy Hyderabad
Industry awards
🛡️
Most Trusted Builder + Most Reliable Builder
Times Group & Realty Icon / Silicon India
📊
Financially Stable and Disciplined Company
Asia One Magazine
🌿
Pioneers in Sustainable & Luxury Villas
Times Business Awards
🥈
Alliance Orchid Springs — Top 100 Projects of India
National real estate recognition
Buyer sentiment
Aggregate from 99acres, MagicBricks, Housing.com, and real estate forums. November 2024.
👍 Most praised
• Clubhouse & amenity quality
• Location near IT corridors
• Landscape and green spaces
• Project scale & visual grandeur
• Vastu-compliant layouts
• Location near IT corridors
• Landscape and green spaces
• Project scale & visual grandeur
• Vastu-compliant layouts
👎 Most flagged
• Post-booking plan changes
• Response time after sale
• Some possession delays
• Finishing in mid-range units
• Communication gaps
• Response time after sale
• Some possession delays
• Finishing in mid-range units
• Communication gaps
Pros & cons — PropIQ assessment
✅ What works in their favour
- +World's largest sovereign fund backingADIA investment and early repayment signals exceptional financial discipline — rare among Indian residential developers.
- +Proven delivery at scale22,000+ homes delivered across 3+ cities. Not a first-time developer — track record is verifiable and substantial.
- +Best-in-class amenities1 lakh sq.ft clubhouses, rooftop pools, pickleball arenas, Miyawaki forests, IGBC Gold ratings. Among the highest amenity density in South India.
- +Strategic location choicesProjects in Miyapur, Ameenpur, Sholinganallur OMR, Siruseri — all high-growth IT corridors with strong rental demand and capital appreciation.
- +No Pre-EMI till handover (selected projects)World of Joy Miyapur offers no EMI until possession — significant cash flow benefit.
- +IGBC & sustainability focusWhispers of Sky has IGBC Gold pre-certification. Sustainability is increasingly built into project design rather than being a marketing afterthought.
⚠️ Watch out for
- −Post-booking plan changesA Hyderabad project had a RERA floor plan change request (12 to 30 floors) after bookings. Always verify final approved RERA plan before paying any amount.
- −Aggressive expansion pace₹21,600 Cr expansion in one year. At this scale, execution risk is real. Budget 12–18 months beyond stated possession as a base case.
- −Some Chennai projects unregistered on platformsOne platform listed "World of Joy Siruseri" as not RERA registered. Always verify independently on tnrera.in before booking.
- −Possession delays on some projects12–24 month delays on some projects. Common in Indian real estate at scale, but plan finances accordingly.
- −$10B by 2035 is very aggressiveStated target requires 300% average annual growth. Extremely ambitious targets can lead to over-leveraging or quality trade-offs at scale.
RERA & compliance
Telangana (Hyderabad)
✓ Registered
World of Joy Miyapur: P01100006655
Verify at tsrera.telangana.gov.in →Karnataka (Bangalore)
✓ Registered
Verify specific projects on portal
Verify at rera.karnataka.gov.in →Andhra Pradesh (Vizag)
⚠ Verify before booking
Check AP RERA for specific projects
Verify at rera.ap.gov.in →
PropIQ buyer advisory — always do this before booking
1. Visit the state RERA portal and search for the exact project name.
2. Confirm the approved floor count and plan match the brochure. If RERA shows a different configuration — ask for a written explanation before paying anything.
3. Download the approved site plan and cross-check the carpet area against what the sales team shows you.
4. Check if the project has any open complaints filed on the RERA portal.
2. Confirm the approved floor count and plan match the brochure. If RERA shows a different configuration — ask for a written explanation before paying anything.
3. Download the approved site plan and cross-check the carpet area against what the sales team shows you.
4. Check if the project has any open complaints filed on the RERA portal.
PropIQ verdict
7.8
★★★★☆
PropIQ rating / 10
A credible, well-funded developer worth buying from — with specific due diligence required.
Urbanrise stands out in South Indian real estate for three things that matter most to buyers: institutional backing from the world's largest sovereign fund (ADIA), a track record of 22,000+ delivered homes, and the financial discipline to repay institutional debt ahead of schedule. These are verifiable facts that significantly de-risk the purchase decision.
The caution: Urbanrise is growing at an extraordinary pace. A ₹21,600 Cr expansion in a single financial year and 72 million sq.ft under active development simultaneously creates real execution risk. Buyers should budget for a 12–18 month possession delay as a base case, verify RERA floor plans before booking (especially in Hyderabad, where at least one post-booking plan change was flagged), and confirm the exact configuration on the state portal before transferring any money.
The caution: Urbanrise is growing at an extraordinary pace. A ₹21,600 Cr expansion in a single financial year and 72 million sq.ft under active development simultaneously creates real execution risk. Buyers should budget for a 12–18 month possession delay as a base case, verify RERA floor plans before booking (especially in Hyderabad, where at least one post-booking plan change was flagged), and confirm the exact configuration on the state portal before transferring any money.
✓ Buy — flagship projects (World of Joy Miyapur, Sky Habitat)
⚠ Verify RERA floor plan before booking
⚠ Buffer 12–18 months on possession date
✓ Strong for investors — IT corridor locations
✓ ADIA-backed = strong financial safety signal
Buying an Urbanrise property? Calculate everything first.
EMI, stamp duty by state, total upfront cost, and tax savings under Sec 80C and 24(b) — in 90 seconds.