Realty firm iUSTUS has announced an ambitious project to develop 25 lakh square feet of residential and commercial real estate across South and East Bengaluru. According to reports from The Economic Times, the company has outlined a pipeline of around 2.5 million sq ft covering both residential and commercial developments in these key areas of the city. As reported by Rediff Moneynews, the company made this announcement on Thursday, confirming their commitment to significant real estate development in these strategic locations. The Bengaluru-based firm is led by industry veterans Pawan Sawhney and Santosh Soni, who bring extensive real estate experience spanning over 7 million sq ft of developments.
The Bengaluru-based firm is founded by Pawan Sawhney and Santosh Soni, who bring extensive real estate experience spanning over 7 million sq ft of developments. As reported by The Economic Times, Sawhney previously served as a Partner at a private equity fund and was MD and CEO of Address Maker. He holds an IIT Bombay and Oxford alumnus qualification with experience across real estate investment and development. Soni is a Chartered Accountant with expertise in real estate finance, investment and development, bringing comprehensive experience from both the investment and operating sides of the business. According to Rediff Moneynews, the company emphasizes being deliberate about the markets they enter, the projects they undertake and the value they create for homebuyers.
According to the company statement reported by The Economic Times, iUSTUS will focus on professional execution, disciplined capital deployment, quality, transparency and long-term value creation. MD & CEO Sawhney emphasized the company's commitment to creating enduring value for people and communities while enabling a harmonious coexistence with nature. As reported by Rediff Moneynews, Sawhney stated: "We believe we have a unique opportunity to better the way we live - by creating enduring value for people and communities while enabling a harmonious coexistence with nature." CFO Soni stated that while the initial pipeline provides a strong foundation, the company's focus remains on being deliberate about the markets they enter, the projects they undertake and the value they create for homebuyers, with emphasis on not scale for scale's sake.
