Bengaluru Based Real Estate Developers Cornerstone Properties Introduces New Premium Residential Brand Named Akhinta Enterprises Pvt Ltd
- 26th Apr 2022
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Cornerstone Properties, based in Bengaluru and managed by Chairman and Managing Director Mr. BP Kumar Babu, is a major real estate company. Considered a pioneer in property ownership, the corporation owns one of the biggest portfolios of land parcels in key locations around Bengaluru.
Cornerstone Properties has established a new development business, "Akhinta Enterprises Pvt Ltd," that will concentrate only on premium residential construction.
Cornerstone Properties Pvt Ltd and the Vishwa Samudra Group have formed a joint venture to form Akhinta Enterprises Pvt Ltd. (VS Group).
The VS Group, headquartered in Hyderabad and led by Mr C. Sasidhar as Chairman, is a multi-lateral conglomerate with interests in Infrastructure & Engineering, Construction, Logistics, Shipping & Maritime Services, Manufacturing, Commodity Trading, Security Services, Port Operations, and Real Estate.
Akhinta Enterprises recently held a press conference to announce the inauguration of its luxury residential property, 'Cornerstone Akhinta Residences' in Bengaluru.
'Cornerstone Akhinta Residences' assembles a residential complex of apartment units with design, shape, functionality, and amenities that go above and beyond traditional offers, embracing new age needs for work-from-home opportunities.
Excellent Development
The 104-unit 'Cornerstone Akhinta Residences' is situated on a beautiful two-acre plot in the centre of BTM Layout. Akhinta Residences is inspired by bespoke 'Art Deco architecture' and is designed as premium three and four bedroom homes with unique amenities such as a state-of-the-art business lounge with meeting rooms, island workstations, phone booths, banquet hall, and Sky High Health club, among others.
Growth Strategies
Akhinta Enterprises Pvt. Ltd. wants to create 5 million square feet of residential space over the next two years as part of its go-to-market strategy, with an equity investment of INR 500 crores.
Cornerstone is ready to join the residential category on a bigger scale in the future years under its brand Akhinta Enterprises, where the solutions supplied will go beyond the traditional to include the changing fabric of residential demand while being firmly based in sustainability.
Akhinta Enterprises would develop land parcels owned by Cornerstone Group as well as other eligible land parcels in strategically positioned places near social and employment centres such as the Outer Ring Road, Whitefield, and Bangalore North, to mention a few.
More About Cornerstone Properties:
Cornerstone Properties, headquartered in Bengaluru, India, is a leading property group that has partnered with India's leading real estate developers to establish a significant presence in the city's development ecosystem, with a potential development portfolio of 15 million square feet across asset classes.
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