+
This company is looking at Rs 60-70 billion in sales
Real Estate

This company is looking at Rs 60-70 billion in sales

Pune-based VTP Realty is a leading real-estate company, specialising in both commercial and residential large-scale developments. With customer-centricity as a core value, the business has seen exponential growth with over Rs 40 billion in sales revenue last year. In a conversation with SNEHA IYER, Sachin Bhandari, Executive Director &CEO, elaborates on VTP Realty’s journey and future plans.

Please take us through the history of VTP Realty.
VTP Realty is part of the VTP Group, established in 1985 by Mr Vilaskumar Thanmal Palresha. The company started as a construction material supplier, making a name for itself as the second-largest supplier of cement in Maharashtra and the largest in Pune. Another arm of the company contracts for other developers and government agencies.

VTP Realty started in 2008 as the sole real-estate arm after Mr Palresha’s sons joined the company and started expanding the land banks. I joined the company in 2015 and it has been a fruitful partnership since then. When I joined, it was a promoter-run company and we have worked towards creating an organised corporate structure. We have evolved to being a people-driven, process-driven business with various department functions with the right people.

The company has seen tremendous growth from Rs 90 crore in 2015 to over Rs 4,000 crore. What have been the contributing factors to this success?
When I joined, the vision was to be one of the top three players in Pune. We also made a major shift towards catering to end-user families with end-to-end real-estate development. We developed a three-tier philosophy of ‘Better Design, Better Build and Better Care’. The idea was to keep the customer at the centre of our product design and all interactions...

To read the full story, CLICK HERE.

Pune-based VTP Realty is a leading real-estate company, specialising in both commercial and residential large-scale developments. With customer-centricity as a core value, the business has seen exponential growth with over Rs 40 billion in sales revenue last year. In a conversation with SNEHA IYER, Sachin Bhandari, Executive Director &CEO, elaborates on VTP Realty’s journey and future plans. Please take us through the history of VTP Realty. VTP Realty is part of the VTP Group, established in 1985 by Mr Vilaskumar Thanmal Palresha. The company started as a construction material supplier, making a name for itself as the second-largest supplier of cement in Maharashtra and the largest in Pune. Another arm of the company contracts for other developers and government agencies. VTP Realty started in 2008 as the sole real-estate arm after Mr Palresha’s sons joined the company and started expanding the land banks. I joined the company in 2015 and it has been a fruitful partnership since then. When I joined, it was a promoter-run company and we have worked towards creating an organised corporate structure. We have evolved to being a people-driven, process-driven business with various department functions with the right people. The company has seen tremendous growth from Rs 90 crore in 2015 to over Rs 4,000 crore. What have been the contributing factors to this success? When I joined, the vision was to be one of the top three players in Pune. We also made a major shift towards catering to end-user families with end-to-end real-estate development. We developed a three-tier philosophy of ‘Better Design, Better Build and Better Care’. The idea was to keep the customer at the centre of our product design and all interactions... To read the full story, CLICK HERE.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?