VTP Realty to deliver 5 million sq. ft. by end of FY 23-24

Pune based real estate player VTP Realty said on Wednesday (17 Jan. 2024) it is gearing up to mark a significant milestone with the delivery of 5 million square feet (5000+ units) in the fiscal year 2023-24.
This accomplishment stands as a testament to VTP’s organizational strength and its pivotal role in shaping the Indian real estate landscape, the company’s Executive Director and CEO Sachin Bhandari said, adding that the company’s commitment to excellence and strategic initiatives have propelled it to the forefront of the industry.
Over the past year, VTP Realty has completely focused on its deliveries. While the brand has excelled in sales for 6 years in a row, it is now setting high benchmarks and breaking records in delivery too, Bhandari said. VTP will cross the 10 million sq.ft. lifetime delivery mark by the end of this financial year, he said.
On the sales side, the brand aims to achieve 15% growth from last year’s revenue performance (4000 crore). Many new launches are scheduled for the last quarter which shall propel the company to achieve its high growth target.
Looking ahead, VTP Realty is set to launch significant projects in strategic locations across Pune. These include two projects totaling over 3000 residential units in Hinjewadi phase 1, about 33 Lakh sq.ft. in development, a residential project of 500 units in Bavdhan, about 7.5 Lakhs sq.ft in development and a sprawling 150-acre township in Khadakwasla, featuring a mix of plots, cottages and luxury villas.
Bhandari, Executive Director and CEO, VTP Realty says, “As we achieve these significant milestones, we are immensely proud to showcase two of our early launches VTP Leonara and VTP Belair. These projects were amongst the first in the Township Codename Blue Waters and today as they are being delivered, I can proudly say they are one of the best projects on the market in their price range.
To ensure the brand continues on its upward growth trajectory, it has invested heavily on scaling and strengthening its internal systems and technology platforms this year. VTP Realty has implemented SalesForce and SAP this year, which are considered to be global standards in technology for high efficiency. Presales, sales & CRM now operate on SalesForce and the technical departments along with finance and accounts have migrated to SAP. IBM, a leader in SAP implementation, is their partner and they have been instrumental in helping VTP adopt some of the best practices in real estate, ensuring a very high degree of accuracy and control on operations. Both systems integrate seamlessly and offer a complete 360 degree view on the business from lead generation to project completion.
Armed with a strong tech backbone, VTP is gearing up to take a much higher leap in the coming year and is preparing to be one of the best performing real estate developers in the country.