6 days ago
iUSTUS Plans 25 Lakh Sq Ft Bengaluru Development Pipeline
iUSTUS is a real estate company based in Bengaluru.
It plans to build homes and commercial properties covering 25 lakh square feet.
The company’s first projects are planned for South and East Bengaluru.
Its pipeline currently covers about 2.5 million square feet.
Pawan Sawhney and Santosh Soni founded the company.
Both founders have experience in real estate investment and development.
iUSTUS says it wants to focus on quality and careful use of money rather than growing only for size.
The company also says it wants its projects to create lasting value for people and communities.
Bengaluru-based iUSTUS plans to develop 25 lakh sq ft of residential and commercial real estate.
Its initial pipeline covers about 2.5 million sq ft across South and East Bengaluru.
The projects will include both housing and commercial developments.
iUSTUS was founded by Pawan Sawhney and Santosh Soni, who have experience across investment and operations.
The company says it will emphasize execution, disciplined capital deployment, quality, transparency and long-term value creation.
- Who
- Bengaluru-based real estate firm iUSTUS, founded by Pawan Sawhney and Santosh Soni.
- What
- A planned 25 lakh sq ft portfolio of residential and commercial real estate projects.
- Where
- South and East Bengaluru, Karnataka.
- When
- The announcement was reported on August 27, with the company issuing a statement on Thursday.
- Why
- To create long-term value through professionally executed, high-quality projects and disciplined capital deployment.
Key facts
- Company
- iUSTUS
- Planned development
- 25 lakh sq ft of residential and commercial real estate
- Initial pipeline
- Around 2.5 million sq ft
- Project locations
- South and East Bengaluru
- Founders
- Pawan Sawhney and Santosh Soni
- Development focus
- Professional execution, quality, transparency and long-term value creation
- Pawan Sawhney’s background
- Former private equity fund partner and former Managing Director and Chief Executive Officer of Address Maker
Quotes
Santosh Soni
CFO and co-founder of iUSTUS
“The initial pipeline gives us a strong foundation, but our focus is not on scale for scale’s sake. We are being deliberate about the markets we enter, the projects we undertake and the value we create for homebuyers.”
theprint.in
Sources
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