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Casa Grande (company)

Casa Grande (company)

Casa Grande Private Limited is a Chennai-based real estate company.

The company develops residential properties like luxury villas and apartments across Chennai, Bangalore and Coimbatore. [1] Casa Grande has developed over 3 million square feet, across 64 projects, and has a projected pipeline of Rs 2,500 crore worth of projects in the financial year 2014-15. [2] [3] [4]

**Casa Grande Private Limited**
Private
IndustryReal Estate
Founded2004
FounderM. Arun Kumar, K.R.Anerudan
HeadquartersChennai, India
ProductsVillas Apartments Plots
Websitewww.casagrande.in

History

Founded in 2004 by M. Arun Kumar and KR Anerudan, [5] Casa Grande Private Limited was primarily funded by Fulcrum Ventures with a seed capital of Rs 5 crore invested in tranches between 2004 and 2006.

This initial stake was bought out in 2012 by the promoters by paying Rs. 50 crores, ten times the initial investment.

Recently, in May 2014, Mumbai-based PE fund, Avenue Venture Real estate fund (AVREF) announced that it plans to invest up to Rs 100 crore in equity in Casa Grande, out of which Rs. 53 crore has already been invested over 2 investments.

Lately, the company has launched two new businesses - PropCare and Do My Home, to provide end-to-end solutions for customers.

[6] In August 2015, it has also diversified into warehousing with the launch of a 100-acre project called Casa Grande Distripark, to cater to a wide range of businesses including automotive, industrial, retail, healthcare and e-commerce. [7]

Awards

  • At the Paul Writer’s Great Indian Marketing Summit (GIMS) Realty Conclave, Casa Grande was recognized as the Creative Real Estate Company of the year 2013. [1]

  • Casa Grande has also won the Realty Plus Excellence Award 2013 for “Marketer Of The Year-South”, Brand Academy’s Leadership Service Excellence Awards 2013 for Real Estate Developer of the Year (Tamil Nadu) [1]

  • Casa Grande was recognized as one of the 50 hottest brands in Chennai at Paul Writer’s Retail Marketing Summit 2013. [1]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 17, 2016, 5:59 AM
[2]
Citation Linkthehindubusinessline.com"Casa Grande promoters buy out investor stake"
Jul 17, 2016, 5:59 AM
[3]
Citation Linkarticles.economictimes.indiatimes.com"Mumbai-based PE firm to invest Rs 100 crore in Casa Grande"
Jul 17, 2016, 5:59 AM
[4]
Citation Linkbusiness-standard.com"Motilal Oswal invests Rs 58 cr in local realtor Casa Grande"
Jul 17, 2016, 5:59 AM
[5]
Citation Linkm.mydigitalfc.com"Casa Grande comes up with villa housing in Chennai"
Jul 17, 2016, 5:59 AM
[6]
Citation Linkarticles.economictimes.indiatimes.com"Fulcrum Venture India exits real estate firm Casa Grande"
Jul 17, 2016, 5:59 AM
[7]
Citation Linkbusiness-standard.com"Casa Grande buys back stake from VC for Rs 50 cr"
Jul 17, 2016, 5:59 AM
[8]
Citation Linkthehindubusinessline.com"Casa Grande enters warehousing"
Jul 17, 2016, 5:59 AM
[9]
Citation Linkmoneycontrol.com"Paul Writer's Great Indian Marketing Summit: Realty Edition"
Jul 17, 2016, 5:59 AM
[10]
Citation Linkindiainfoline.com"Awards galore for Casa Grande"
Jul 17, 2016, 5:59 AM
[11]
Citation Linkpaulwriter.com"Chennai Hot 50 brands recognized at Paul Writer’s Retail Marketing Summit"
Jul 17, 2016, 5:59 AM