ArisUnitern, a real estate service provider, has partnered with Essem 18 to enhance its real estate portfolio through development management services. This collaboration aims to fast-track Essem 18's 18-acre plotted development in Shettigere, Bengaluru, by securing INR 40 crore in financing and providing sales and marketing support. ArisUnitern's role includes end-to-end project management, reflecting a trend where developers seek specialized services for quality and timely delivery. This partnership highlights ArisUnitern's growth, securing eight projects and raising over INR 300 crore recently, and underscores the evolving focus on quality in the Indian real estate industry.
ArisUntern, a prominent real estate service provider specializing in comprehensive development management solutions, has announced a new partnership with Essem 18, a well-established real estate developer. This collaboration aims to enhance Essem 18's extensive portfolio of real estate projects through ArisUnitern's full suite of development management services. A key component of this partnership involves ArisUnitern assisting Essem 18 in securing last-mile project financing, as well as providing robust sales and marketing services to boost project success.
In the initial phase of their collaboration, ArisUnitern will focus on Essem 18's 18-acre plotted development project in Shettigere, Bengaluru. This project is strategically significant due to the rising demand for plotted developments in Bengaluru, known as India's Silicon Valley. ArisUnitern will facilitate the seamless completion of this project by securing INR 40 crore in working capital and offering comprehensive development management, which includes the implementation of effective sales and marketing strategies.
This partnership is particularly notable in the context of an increasing trend among developers to seek specialized services across the real estate value chain. These services include construction, project management, procurement management, and expertise in sales and marketing to ensure project success. ArisUnitern has established itself as a pioneer in the development management model, securing eight projects over the past year. The company has recorded sales exceeding INR 300 crore in the last six months, raised over INR 300 crore across seven deals, and supplied materials worth INR 150 crore to clients. This underscores the growing demand for specialized service providers within the real estate industry.
Srini Gopalan, Chairman of ArisUnitern, commented on the partnership, highlighting the evolving nature of the Indian real estate industry. He noted that both investors and retail customers are increasingly prioritizing quality in project execution and timely delivery over mere affordability. Gopalan expressed excitement about collaborating with Essem 18 to offer development management services for their plotted development projects in Bengaluru. He emphasized ArisUnitern's commitment to enhancing real estate project quality through innovative solutions across the three key aspects of real estate: Money, Material, and Management. Gopalan assured that this partnership marks the beginning of a fruitful journey with Essem 18, leveraging ArisUnitern's extensive experience to co-create simple, innovative, and responsible solutions for clients.
Raghavan Raman, CFO of Essem 18, expressed enthusiasm about the partnership, noting that it represents a major collaboration within the industry. He emphasized Essem 18's focus on delivering high-quality projects in a timely manner and the company's commitment to involving subject matter experts like ArisUnitern to support project completion. Raman looks forward to a long-term and productive relationship that will create shared value for all stakeholders, including investors and customers.
This strategic shift towards prioritizing quality over quantity in collaboration with development management companies like ArisUnitern is elevating industry standards. It enables developers to enhance their projects and meet the evolving demands of consumers. This trend is contributing to the growth of the Indian real estate industry, which is projected to expand from USD 0.33 trillion in 2024 to USD 1.04 trillion by 2029, growing at a CAGR of 25.60% during this period.
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