Latest news with #DarshanGovindaraju
Time of India
20-05-2025
- Business
- Time of India
Vaishnavi Group expands commercial real estate footprint in Bengaluru to 6 mn sq. ft.
Real estate development firm Vaishnavi Group plans to expand its commercial real estate (CRE) footprint in Bengaluru to 6 million sq. ft. over the next 3–4 years. With 2.2 million sq. ft. of existing Grade A commercial developments, the group aims to add another 3.5 million sq. ft. to cater to the growing demand for premium office spaces in the region. The expansion is part of Vaishnavi Group's larger vision to be a dominant player in South Bengaluru, where strong demand for high-quality office spaces continues to rise. The group recently completed Vaishnavi Senate, a 500,000 sq. ft. Grade A commercial office development located off the Outer Ring Road on Bannerghatta Road. Darshan Govindaraju, Executive Director at Vaishnavi Group said, "As an organisation, we are constantly exploring high-growth markets to develop Grade A assets across various real estate segments. While the Central Business District of Bengaluru has been a long-standing focus, the launch of our latest commercial project in Bannerghatta marks a significant milestone in expanding our CRE portfolio. It also reflects our commitment to offering lifestyle-centric, future-ready spaces that cater to evolving business needs and customer expectations.' A recent CBRE India Office Figures Q1 2025 report underscored Bengaluru's leadership in the Indian office market, with 4.8 million sq. ft. leased in Q1 2025. The city accounted for the highest share of gross absorption among nine major metros, followed by Delhi-NCR and Mumbai. Live Events With over 25 years of experience, 18 million sq. ft. of residential, commercial and retail developments delivered across Bengaluru and Mysore, and over 10 million sq. ft. of projects in various stages of development.
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Business Standard
01-05-2025
- Business
- Business Standard
Bengaluru's Rs 10 cr+ home market hits Rs 1,000 cr sales milestone in FY25
Bengaluru's luxury housing market has hit a new high, with sales of homes priced at Rs 10 crore and above jumping 59% in FY2024–25 to a record Rs 1,000 crore, according to a new report by India Sotheby's International Realty (ISIR) and real estate data firm CRE Matrix. In terms of the number of units sold, 78 luxury homes were purchased during the year, compared to 51 homes in the previous fiscal. The Rs 10–Rs 12 crore price bracket saw the highest sales, with demand coming largely from CXOs, startup founders, high net-worth individuals (HNIs), and globally mobile Indians. Many are buying not just for living but also as a strategic investment. 'Locations like Varthur and Gunjur are becoming increasingly popular due to their connectivity to tech hubs,' said Umesh Gowda HA, Chairman of Sanjeevini Group. Darshan Govindaraju of Vaishnavi Group highlighted that apart from NRIs, ESOP-rich tech professionals and investors seeking capital gains are now entering the luxury housing space. Anjana Sastri of Sterling Developers added that high rental yields, IT growth, and lifestyle aspirations are making Bengaluru a top choice for premium housing. Commenting on the report, Madhusudhan G, Chairman and Managing Director of Sumadhura Group, said the housing demand in Bengaluru is strongly driven by improvement in infrastructure, including expansion in the metro rail network. Real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda HA, said, "Bengaluru has witnessed a remarkable demand in luxury homes. The ever-expanding corporate presence, with record leasing activity and rising incomes, has shifted demand to this category. Micro markets like Varthur and Gunjur, owing to their connectivity to tech hubs, have emerged as a preferred residential destination."
