ArisUnitern Joins Essem 18 to Boost Real Estate

20 May 2024 CW Team

In the initial phase of the partnership, ArisUnitern will support Essem 18's 18-acre plotted development project in Shettigere, Bengaluru. This effort will include securing Rs 400 million in working capital to ensure the project's expedited completion.

This collaboration marks ArisUnitern's first venture with Essem 18 and is poised to address the growing demand for plotted developments in Bengaluru, known as India?s Silicon Valley. ArisUnitern will provide strategic support, encompassing development management and the implementation of effective sales and marketing strategies.

"The Indian real estate industry is evolving, with a greater emphasis on quality and timely project execution," said Srini Gopalan, Chairman of ArisUnitern. "We are thrilled to partner with Essem 18, leveraging our expertise to enhance their project outcomes."

Raghavan Raman, CFO of Essem 18, echoed this sentiment, expressing excitement for the partnership and the value it will create for stakeholders. "This collaboration is a significant step towards fulfilling our commitment to delivering high-quality projects on time," Raman stated.

ArisUnitern has rapidly established itself as a leader in the development management model, having secured eight projects and recorded sales exceeding Rs 300 crore in the past six months alone. The company's innovative approach is helping to elevate industry standards, reflecting a shift towards prioritizing quality in the real estate sector.

The Indian real estate industry is projected to grow substantially, expected to reach $1.04 trillion by 2029, up from $0.33 trillion in 2024, driven by a CAGR of 25.60% during this period. This partnership between ArisUnitern and Essem 18 is set to contribute to this growth by setting new benchmarks in project quality and delivery.

ArisUnitern has announced a strategic partnership with real estate developer Essem 18 to offer comprehensive development management services. This collaboration aims to bolster Essem 18's expansive portfolio of real estate projects with a focus on securing last-mile financing and enhancing sales and marketing efforts. In the initial phase of the partnership, ArisUnitern will support Essem 18's 18-acre plotted development project in Shettigere, Bengaluru. This effort will include securing Rs 400 million in working capital to ensure the project's expedited completion. This collaboration marks ArisUnitern's first venture with Essem 18 and is poised to address the growing demand for plotted developments in Bengaluru, known as India?s Silicon Valley. ArisUnitern will provide strategic support, encompassing development management and the implementation of effective sales and marketing strategies. The Indian real estate industry is evolving, with a greater emphasis on quality and timely project execution, said Srini Gopalan, Chairman of ArisUnitern. We are thrilled to partner with Essem 18, leveraging our expertise to enhance their project outcomes. Raghavan Raman, CFO of Essem 18, echoed this sentiment, expressing excitement for the partnership and the value it will create for stakeholders. This collaboration is a significant step towards fulfilling our commitment to delivering high-quality projects on time, Raman stated. ArisUnitern has rapidly established itself as a leader in the development management model, having secured eight projects and recorded sales exceeding Rs 300 crore in the past six months alone. The company's innovative approach is helping to elevate industry standards, reflecting a shift towards prioritizing quality in the real estate sector. The Indian real estate industry is projected to grow substantially, expected to reach $1.04 trillion by 2029, up from $0.33 trillion in 2024, driven by a CAGR of 25.60% during this period. This partnership between ArisUnitern and Essem 18 is set to contribute to this growth by setting new benchmarks in project quality and delivery.

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