Assetz Property Group

About Assetz Property Group

Assetz Property Group is one of Bengaluru's most recognised premium real estate developers, with nearly two decades of presence in the South Indian market. Established in India in 2006, Assetz Property Group (APG) is a multi-faceted real estate development and asset management company headquartered in Singapore with operations in India, Bhutan and Australia. The Indian operations are headed out of Bengaluru, with the registered office at Assetz House, 30, Crescent Road, Bangalore – 560001.

The founders of Assetz Property Group are Rajpal Singh Chaudhary and Ben Salmon, with Ben Salmon serving as Co-Founder and Chairman. The current leadership is driven by Akshay Dewani, Executive Director and CEO, who has been steering the company's residential push and capital markets strategy.

The company operates across four verticals — residential development, commercial / IT SEZ, warehousing & logistics, and fund management. Bengaluru-based Assetz Property Group is planning to launch its IPO in the next year to consolidate its position and expand beyond Bengaluru, with new growth corridors planned in MMR, Hyderabad and Pune. As of today, it is a privately held company — not yet listed on BSE or NSE.

Track Record

The numbers Assetz has compiled over its 19-year journey place it firmly in Bengaluru's top tier of developers. Over the last 10 years, the company has built a portfolio of 45 million sqft across 25,000+ residential units and delivered 15 million sqft of residential and commercial projects.

• Commercial legacy: Over the years, the company has developed and managed over 4.5 million square feet of Grade A office spaces, with an asset value exceeding USD 500 million.
• Residential scale: Over 7,250 residential units with over 11.7 million sqft of development in and around Bangalore.
• Land bank: A 30 million sqft land bank valued at INR 30,000–35,000 cr.
• Market share: The company has 4% market share in Bengaluru and plans to double it to 8% by FY30.
• Growth velocity: Over the past five to six years, the developer has delivered a 35% compound annual growth rate (CAGR), and in Q1 FY26 clocked over INR 1,000 crore in pre-sales, with FY26 targeting INR 4,200 crore.

City presence is concentrated almost entirely in Bengaluru today, with planned expansion into Mumbai Metropolitan Region, Hyderabad and Pune over the next 3–5 years.

Notable Projects

Below is a curated list of Assetz developments that buyers most frequently evaluate. Pricing is indicative based on current market data and varies by configuration, tower and floor.

Latest Activity by Assetz Property Group

The last 18 months have been the busiest in the company's history — characterised by aggressive land acquisition, fund infusions and a clear pre-IPO ramp-up.

• Aug 2025 — Launch of 'Meru & Meadow', a premium residential community on Kanakapura Main Road, just a two-minute walk from Doddakallasandra Metro Station.
• Aug 2025 — Assetz raised Rs 125 crore from Motilal Alternates.
• Jul 2025 — Launched Zen & Sato, a luxury residential enclave on the Yelahanka-Bagalur main road in north Bengaluru.
• May 2025 — Launched The Secret Lake, a luxury plotted development located on IVC Road, Devanahalli.
• Sep 2025 — CEO Dewani confirmed the company is "IPO ready" with plans to go public within the next one year.
• 2025 — Acquired an 11.5-acre site in East Bengaluru with a planned GDV of ₹1,400 crore; over the past two years, secured 200 acres of land in Bengaluru, aiming to deliver over 7,500 homes.
• 2025 — A premium INR 1,000 cr project announced in North Bengaluru in JV with KVN Properties.

Delivery & RERA Compliance

Honesty matters here. Assetz has historically had a mixed delivery track record — strong on construction quality, but with notable delays in earlier projects that buyers should be aware of.

The most-cited issue is Assetz 63 Degree East. The project started in 2016 with promises that the 1st phase handover would be done in 2018-19; the date kept shifting from March 2019 to September 2019 to December 2019, and even by early 2020 the 1st phase C Tower had not been handed over. Assetz Marq buyers also experienced extended timelines — community discussions noted that contractor Shapoorji Pallonji had stopped work, with the CRM team citing cashflow issues which slowed the project before work re-commenced.

The good news is the turnaround is real and visible. Although Assetz projects experienced some delays earlier, there has been a clear and positive turnaround — most projects are now progressing ahead of schedule, reflecting improved planning and execution, with a transparent and customer-friendly sales approach. Specifically, recent buyers received their flats in Marq 3.0 ahead of schedule , marking a clear inflection point.

RERA registration: All current Assetz projects carry valid Karnataka RERA numbers. Active registrations include Sora & Saki (PRM/KA/RERA/1251/309/PR/280324/006745), Trees & Tandem (PRM/KA/RERA/1251/308/PR/280325/007636), Ren & Rei (PRM/KA/RERA/1251/446/PR/130225/007501), Soho & Sky (PRM/KA/RERA/1251/472/PR/250322/004785) and Zen & Sato (PRM/KA/RERA/1251/472/PR/080525/007728). Buyers should verify project-specific completion dates on the K-RERA portal before committing.

Awards & Recognition

• Won the 'Real Estate Company of the Year – South' award at the Construction Week India Awards 2025.
• Won "Sustainable Project of the Year" at GRI Awards 2024.
• Achieved INR 2,000+ crore in sales turnover and recognised among the top 5 developers in Bengaluru.
• Built Vrindavan Tech Village (now Embassy Tech Village) — India's first Platinum LEED-certified IT SEZ.
• Institutional credibility: Key investors include AGP Partners, J.P. Morgan, Aditya Birla Capital, Motilal Oswal Alternates, and HDFC Ltd. The company has raised and repaid over INR 1,000 crore across projects.

The company is currently not listed on BSE or NSE, but a mainboard IPO is expected within the next 12 months, which will bring formal CRISIL/ICRA ratings into the public domain.

Builder Scorecard by RealtyPromoo

Why Choose Assetz Property Group

What works in their favour:

• Design-led product — the "Better Design" philosophy translates into thoughtful layouts, larger carpet areas and genuinely usable amenities rather than wasted lobby space.
• Premium positioning with discipline — projects cater largely to the INR 1.5–3 crore segment, representing nearly 65–70% of Bengaluru's housing market , hitting the sweet spot of mid-premium demand.
• Sustainability is real, not greenwash — water savings in large-scale projects have reached up to 86 percent through triple plumbing and extended rainwater harvesting.
• Institutional capital backing reduces project-stall risk versus thinly-funded peers.
• Pre-IPO momentum — listings typically force tighter governance, which benefits homebuyers.

What could be better:

• Geographic concentration — almost 100% of operations are in Bengaluru, so portfolio diversification is limited until MMR/Hyderabad/Pune entries materialise.
• Legacy delay reputation still hurts brand perception, even though execution has improved.
• Maintenance charges on some projects are reportedly on the higher side versus comparable Brigade or Sobha developments.
• Post-handover snag resolution remains the most common complaint area — buyers should insist on detailed snag-list closure timelines in the agreement.

Net-net, Assetz is a credible top-5 Bengaluru choice for buyers prioritising design, carpet efficiency and institutional backing — provided you do project-level due diligence rather than relying on brand alone.