Plans to leverage substantial brand equity of founder and extensive knowledge & experience in the real estate ecosystem to create growth opportunities
Mumbai | September 26, 2023: Vibe Realty Private Limited (Vibe Realty), a realty venture founded and established by industry stalwart Gopal Sarda, today announced that it has successfully acquired four projects across the Western Suburbs of Mumbai, namely, Khar West, Bandra East, Goregaon West, and Andheri East. This marks Vibe Realty’s strong entry into the real estate development segment with three residential redevelopment projects and one commercial project estimated to have a cumulative development potential of 1.5 million square feet, sales potential of 0.9 million square feet and revenue potential of Rs. 1,500 crores.
These projects are slated to be launched in the subsequent quarters starting Q4 FY23. In addition, Vibe Realty targets maintaining the growth momentum as a real estate developer by looking to add 3-4 projects under redevelopment, outright purchase, and JV/JD structures in prime locations across Mumbai and Pune in the next 12-15 months.
Over the last one year, since launching operations as a development company in the sector, Vibe Realty has established strong brand equity as a highly credible partner to landowners and housing societies. On the back of its previous achievements, wherein the company successfully instituted nine projects aligning with various developers under its Capital to Consumer (C2C)/Development Management (DM) model, the company now plans to leverage the brand equity of its founder and two years of operations as a service provider, to create strategic growth opportunities.
Commenting on the announcement, Mr. Gopal Sarda, Founder and CEO, Vibe Realty Private Limited said, “We are excited to announce the acquisition of four projects across Mumbai, which establishes our position in multiple high-potential suburbs of Mumbai. Marking the second anniversary of the commencement of Company’s business, we look forward to building on the focused initiatives undertaken over the last two years that has made us a recognisable brand in the operating ecosystem of the real estate sector. Expanding our horizon from a service provider to a developer, we will be in the unique position of providing a complete, 360-degree perspective to all our stakeholders.
Vibe Realty’s resounding successes in a short period of just two years now positions us favourably to focus on redevelopment opportunities and other options of Outright, Joint Venture and Joint Development in the vibrant Mumbai & Pune markets. In addition, we will continue to explore other innovative engagement models to drive our business forward.”
About Vibe Realty Private Limited
Vibe Realty, a new age real estate development and services company, aims to create landmark addresses that meet international standards. Incorporated in September 2021, Vibe Realty targets setting new levels of excellence, providing top-quality residential, commercial and mix use developments in Mumbai, Pune, and Rest of Maharashtra. The company is capturing increasing mindshare through innovations in the field of Design, Technology and Quality with the objective of achieving on-time project delivery across projects.
Starting as a Real Estate Advisory firm, Vibe Realty has developed in-house strengths in Land Acquisition & Structuring, Marketing and Brand Evolution, Digital, Tech, Sales Contracting, CRM Services, Project Planning, and Financial Management. Vibe Realty has offices in Mumbai and Pune with a strong team of highly experienced and capable functional leaders, each having over a decade of experience with premier real estate organizations in the country. Its corporate headquarter is located at One BKC, Mumbai.
About Mr Gopal Sarda
Mr. Gopal Sarda is the founder and CEO of Vibe Realty and ex-Group CEO of Kolte-Patil Developers Limited. Mr. Sarda has a proven track record of getting capital allocation right, structuring unique deals, generating strong returns, and envisioning & executing long-term blueprints. In the last few years, when the realty sector faced challenging times, Mr. Sarda’s leadership and his 360-degree business acumen comprising robust sales-marketing processes, stable financial strategies, and focused project execution, has driven sector outperformance.
He is a people’s leader, likes to spend time with colleagues, learn from their perspectives, uplifts them and help them grow, be it professionally or personally. He has won several awards and accolades at various stages of his career:
• Realty personality of The Year 2023 – ET Realty
• 40Under40 Leadership Award 2022 – Realty Plus
• Achievers of Maharashtra 2020 – Sakal Media Group
• Young Achiever of The Year 2018 – Realty Plus
• CEO with HR Orientation 2018 – Asian HR Leadership Awards
• CEO of The Year 2018 – Asian HR Leadership Awards
• India’s Most Inspirational Business Leaders 2018 – White Page India
•Asia’s Greatest leaders 2017 – Asia One
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