Making milestones in real estate

Avinash Developer Pvt Ltd (ADPL), a leading real estate developer of central India, has carved a niche for itself in a short span of time. In a chat with Retailer, Anand Singhania, MD of ADPL, gives an account of the story of his company so far with a dash of tomorrow’s plans.

Retailer: Tell us about your company, Avinash Developer Pvt Ltd.

Anand Singhania(AS): Avinash Developer Pvt Ltd is an exalt and a pioneer promoter and builder of Chhattisgarh state and central India. ADPL is an ISO 9001:2008 certified company and is a registered colonizer with the municipal corporation of Raipur. ADPL is flagship of Avinash Group and has been incepted in the year 1996. Further, in a short span of 14 years, ADPL has made a milestone in real estate by making 19 residential, 50  commercial complexes, two mall-cum multiplexes nestling 1500 appeased customers.

Retailer: Kindly throw some light on your company’s specialty?

AS: ADPL has revolutionised scenario of construction and development of residential complex, shops, integrated township, business park, shopping malls/multiplex in Chhattisgarh state through innovation, planning and designing, winning strategy and pleasing business plan to become No 1, as we do not compromise on quality.

Retailer: Who are the founders and co-founders of this company?

AS: The company has been promoted by the young and energetic  engineers of the family, viz, Mr Anand Singhania and Mr. Mukesh Singhania. After graduating in civil engineering, Singhania brothers opted for  diversification of family business and ventured into the most competitive line of business, ie,  real estate and  construction.The innovative idea  and superb business  acumen inherited from the family brought this construction company at the helm.

Retailer:  What challenges did you face initially while setting up this company?

AS: Well, initially,  it was a big challenge for the company to enter into real estate. Real estate was wholly a new concept for Raipur. Moreover, selling property as an asset and an investment was the next big challenge.

Retailer: Tell us about your team? How was the experience of building the first team?

AS: The company started with a tiny team of three members and a small office. With one engineer, one accountant and one supervisor, the experience was very interesting and challenging as there were many things to learn, explore and grow.  The group grew constantly with time and has made landmark achievements.

Retailer: Tell us about Magneto mall.

AS: The million sq ft mall has been a dream project  by ADPL. It is the first truly international mall of central India with the concept of 4 formats. Constructed in 10,35,000 sq ft, the mall is packed with million attractions like Magneto Offizo, Conclave and Magneto Hatt – an integrated mix development concept. Magneto was selected as Top 20 Best Shopping malls of India by “Retailer” magazine  even when it was in the construction stage. It has other facilities like any other A grade mall. We also have an under construction project – Rama Magneto Mall in Bilaspur.

Retailer: What are the new projects?

AS: The company is coming up with new projects namely National Corporate Park, Maruti Lifestyle and Maruti Solitaire in near future.

Retailer:  Where do you see yourself five years from now?

AS: In the next five years, hopefully, we will be working across India. We have already positioned ourselves as central India’s best developer and look forward to national presence through projects in tier II and III cities.