Casa Grande (company)
 | |
| Private | |
| Industry | Real Estate |
| Founded | 2004 |
| Founder | M. Arun Kumar, K.R.Anerudan |
| Headquarters | Chennai, India |
| Products |
Villas Apartments Plots |
| Website |
www |
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 till date, 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]
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.[6]
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.[7]
Lately, the company has launched two new businesses - PropCare and Do My Home, to provide end-to-end solutions for customers.[8] 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.[9]
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.[10]
- 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)[11]
- Casa Grande was recognized as one of the 50 hottest brands in Chennai at Paul Writer’s Retail Marketing Summit 2013.[12]
References
- ↑ "Casa Grande promoters buy out investor stake". The Hindu Business Line. Retrieved 23 Oct 2012.
- ↑ "Mumbai-based PE firm to invest Rs 100 crore in Casa Grande". The Economic Times. 21 May 2014.
- ↑ "Motilal Oswal invests Rs 58 cr in local realtor Casa Grande". Business Standard. Retrieved May 21, 2015.
- ↑ "Casa Grande comes up with villa housing in Chennai". Financial Chronicle. Retrieved Jul 15, 2015.
- ↑ "Fulcrum Venture India exits real estate firm Casa Grande". The Economic Times. Oct 3, 2012.
- ↑ "Casa Grande promoters buy out investor stake". The Hindu Business Line. Retrieved 23 Oct 2012.
- ↑ "Mumbai-based PE firm to invest Rs 100 crore in Casa Grande". The Economic Times. 21 May 2014.
- ↑ "Casa Grande buys back stake from VC for Rs 50 cr". Business Standard. October 23, 2012.
- ↑ "Casa Grande enters warehousing". The Hindu Business Line. Retrieved 25 August 2015.
- ↑ "Paul Writer's Great Indian Marketing Summit: Realty Edition". 27 June 2013.
- ↑ "Awards galore for Casa Grande". 1 August 2013.
- ↑ "Chennai Hot 50 brands recognized at Paul Writer’s Retail Marketing Summit". Paul Writer. 23 September 2013.