Former Equinox Realty CEO Forays into Bangalore & Mumbai Realty with Ceear Realty

Bengaluru, December 05, 2015: Ceear Realty, spearheaded by Cherag Ramakrishnan has marked its entry into Bangalore & Mumbai’s realty space by launching it’s 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 a 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.”

Corporate Comm India(CCI Newswire)