Ceear Realty, spearheaded by Cherag Ramakrishnan has marked its entry into Bangalore & Mumbai’s realty space by launching its residential projects. The Mumbai based realty firm proposes to create an integrated Real Estate platform. Founded by professionals with core values of uncompromising quality, integrity and transparency; the company is already developing 2 premium housing projects in Bangalore and an affordable segment project in Mumbai which will be launched in the next fiscal year.
The brand, has been rolled out with a core focus, as a leading Development Management Company. Ceear Realty, will work towards revolutionizing real estate sector in India, with capabilities to deliver value through the investment and project life cycle, whilst executing & managing across asset classes and geographies. With an expertise across varied asset classes, like developing Corporate and IT Parks, Townships, High Rise Residential towers and group housing, the prime objective of the company endows an opportunistic approach with a colossal focus on projects spanning across asset categories. Under its present growth plans, it plans to develop Grade A projects in Bangalore, Mumbai and strategically in Pune.
Founded in 2013, Ceear Realty is led by Cherag Ramakrishnan, a veteran of the real estate sector who has successfully set up Equinox Realty in the past; the realty arm of Essar group. The company now plans to be one of the leading development management company in real estate with about 30 employees in Mumbai and Bangalore. The company has been supported by India Infoline Finance Ltd. (IIFL) Private Equity Fund for its Mumbai Project, while Edelweiss arm of NBFC has supported the company for the Bangalore project.
The group has raised around Rs.76 Cr till date, which includes promoter’s contribution through these investments. Ceear Realty will be generating turnover of around Rs.250 Cr, within the next two years.
According to Cherag Ramakrishnan, Founder & Managing Director, “Our niche lies in our ability to provide a transparent platform both for our investors and consumers and we strongly believe that our corporate lineage should enable this. Ceear’s key differentiator is the fact that the platform is acting as a Development Manager, while taking smaller stakes in each development and providing professional management services to the development life cycle.”
ABOUT CEEAR REALTY
Ceear Realty, headquartered in Mumbai, made an entry into the real estate business in 2013. A young and professionally managed organization, Ceear Realty will focus on projects spanning across asset categories. Under its present growth plans, it plans to develop Grade A projects in Bangalore, Pune and Mumbai.
Ceear Realty is led by Cherag Ramakrishnan, a veteran of the real estate sector. He has successfully set up Equinox Realty in past; the realty arm of Essar group. Under his leadership, Equinox Realty has created a portfolio of approx.15 mn. Sq.ft across 6 states with a development outlay of approx. USD 600 mn. The Ongoing projects in Bangalore are The Hamlet, a luxury residential project in Sadashiv Nagar and The Big Tree, a multi-storeyed residential development in Jayanagar. Vesta Villas, an exclusive villa development at Alibaug, near Mumbai and residential project in Bhandup, Mumbai.
Ceear Realty runs functions on modern technological systems, contemporary management practices and employs a professional team with extensive functional experience across disciplines.
Photo Caption: Cherag Ramakrishnan, Founder & Managing Director of Ceear Realty
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