A husband-and-wife team of entrepreneurs from Farmington paid $1.2 million Wednesday for a 47.3-acre property straddling the Manchester/East Hartford border, with plans for a large-scale residential development. Viswanatha Nayunipati and his wife, Radhika Nagineni, plan to build a large-scale multifamily residential development on the wooded property. Nayunipati, on Wednesday, said he is working with local officials to develop plans that best fit the site and community, but expects to build hundreds of units. Those could be townhouses or apartments, he said. Most would be market rate, and some would be developed as affordable, he said. Nayunipati is the founder, and his wife is an executive, of Farmington-based Niktor LLC, a company that provides computer and internet services and staffing. Nayunipati said his company employs about 400, most of whom are embedded in client companies. The limited liability company used for Wednesday’s purchase – Saina Homes LLC – is headquartered at the same Farmington address as Niktor.
https://www.hartfordbusiness.com/article/husband-and-wife-team-buy-473-acres-in-east-hartfordmanchester-plan-hundreds-of-housing