What Assotech Realty Pvt Limited does

Assotech Realty Pvt. Ltd. is a privately held, Delhi NCR-based real estate developer founded in 2002 by Managing Director Neeraj Gulati. The company develops and operates a diversified portfolio spanning commercial office, high-street retail, residential townships, and hospitality across Noida, Greater Noida, Indirapuram, Shirdi (Maharashtra), and the Maldives (via wholly-owned SPV Sandal Mauritius Pvt. Ltd.). Its flagship commercial asset is Assotech Business Cresterra — a 1.8 million sq. ft. LEED Gold certified IT park at Sector 135 on the Noida Expressway — anchoring enterprise tenants including IndiaMART (Rs 7 crore/year for 1.5 lakh sq ft), Birlasoft (3 lakh sq ft), Regus, and Genpact. Residential developments include the Windsor Park 11-acre mini-township (Indirapuram), Windsor Greens (Sector 50, Noida), and Springfields (Greater Noida), while retail and mixed-use are addressed through Tradex Tower I & II and the 73,000 sq ft Sandal Street high-street complex.

The underlying technology stack is centered on sustainable building infrastructure rather than software: Johnson Controls Intelligent Building Management System (IBMS) integrates HVAC, lighting, and energy; 500 KW of on-site solar generation, rainwater harvesting with storm water recycling, and Lamella-technology zero-discharge sewage treatment support LEED Gold status; Siemens fire alarm/PA, high-performance Guardian glass, destination-control elevators, and a multilayer air purification system round out the building platform. These are sourced primarily from third-party technology partners (Johnson Controls, Siemens, CBRE for facility management) rather than developed in-house.

The business model combines one-time real estate development sales (residential apartments and commercial unit sales) with subscription/recurring commercial leasing to enterprise tenants, transaction-fee retail rentals via Sandal Street, and managed-services hospitality revenue through operator partnerships — Lemon Tree Hotels operates the 195-suite Sandal Suites Noida, and Atmosphere Core is the operator for the 160-suite, $22 million (Rs 200 crore) Sandal Suites Shirdi project. Go-to-market is sales-led via direct enterprise leasing teams targeting IT/ITES and B2B companies in the Noida Expressway corridor, supplemented by direct residential sales and partnership-driven hospitality distribution. Pricing is quote-based and not publicly disclosed; the only specific disclosed rate is IndiaMART's Rs 7 crore annual rent for 1.5 lakh sq ft.

Name

Assotech Realty Pvt Limited

Legal name

Assotech Realty Pvt. Ltd.

Website

https://assotech.in

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

251–500 employees

Short description

Assotech Realty is a privately held Delhi NCR real estate developer founded in 2002, building LEED Gold certified commercial IT parks, residential townships, high-street retail, and hospitality properties across Noida, Greater Noida, Indirapuram, Shirdi, and the Maldives, serving enterprise tenants, residential buyers, and pilgrims via operator partnerships.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate and Rental and Leasing (53), Rental and Leasing Services (532), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Residential real estate
• Commercial property development
• IT park development
• Hospitality serviced apartments
• Sustainable construction

Headquarters

HQ city

Ghaziabad

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development Sales: Development and sale of residential apartments, commercial office spaces, and retail units across NCR projects
2. Commercial Space Leasing: Long-term and short-term leasing of office spaces to corporate clients with annual rent agreements (e.g., IndiaMART at Rs 7 crore/year for 1.5 lakh sq ft)
3. Hospitality Operations: Operating hospitality properties including Sandal Suites in Noida (operated by Lemon Tree Hotels) and Sandal Suites Shirdi (operated by Atmosphere Core)
4. Retail Rentals: Retail space rentals in high street complexes like Sandal Street (73,000 sq.ft with approximately 117 shops)

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Assotech Realty is a Delhi NCR-based real estate developer that builds and sells residential apartments, commercial office towers, IT/ITES parks, retail high streets, and serviced hospitality suites. The company monetizes assets through outright unit sales to individual home buyers, long-term leases to corporate occupiers such as IT/ITES firms, and direct hospitality operations via its Sandal Suites brand.

Product overview

Assotech Realty Pvt Ltd is a real estate development company established in 2002, offering a diversified portfolio of residential, commercial, and hospitality properties across Delhi NCR, with expansion into international markets including Maldives. The company's product portfolio comprises: Residential projects (Windsor Park mini-township in Indirapuram, Windsor Greens high-rise in Sector 50 Noida, and Springfields in Greater Noida); Commercial projects (Tradex Tower I & II mixed-use complexes in Greater Noida, Assotech Business Cresterra LEED Gold certified IT park in Sector 135 Noida with 1.8 million sq. ft., and Sandal Street high-street retail in Noida Expressway); and Hospitality projects (Sandal Suites Noida with 195 suites operated by Lemon Tree Hotels, and Sandal Suites Shirdi with 160 suites operated by Atmosphere Core). The company also operates an international subsidiary, Sandal Mauritius Pvt. Ltd., for projects in the Maldives.

Differentiator

Problem solved

Functional benefit

Brands

• Tradex Tower: Commercial retail cum office complex in Greater Noida's Commercial Business District
• Assotech Business Cresterra
• Sandal Street
• Windsor Park
• Windsor Greens
• Springfields
• Sandal Suites Noida
• Sandal Suites Shirdi

Products and services

• Tradex Tower I & II Commercial office tower development by Assotech Realty offering Grade-A office space for corporate occupiers in Delhi NCR.
• Assotech Business Cresterra Integrated IT/ITES business park developed by Assotech Realty to host enterprise tenants including Birlasoft and IndiaMART.
• Sandal Street Retail high street development by Assotech Realty providing shop and showroom space for retail brands.
• Windsor Park Residential apartment complex by Assotech Realty offering multi-tower housing units for end-users and investors.
• Windsor Greens Residential township by Assotech Realty offering green-themed housing units with landscaped amenities.
• Springfields Residential project by Assotech Realty delivering apartment units to individual home buyers in Delhi NCR.
• Sandal Suites, Noida Branded serviced apartment hospitality property operated by Assotech Realty in Noida catering to business and leisure travelers.
• Sandal Suites, Shirdi Branded serviced apartment hospitality property operated by Assotech Realty near Shirdi catering to pilgrimage and leisure travelers.

Quantifiable outcome

• 500 KW of Solar Power generation capacity
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Atmosphere CorecoreStrategic or Co-development Partner · 16 March 2026Assotech Realty partnered with Atmosphere Core to develop a $22 million (Rs 200 crore) all-suite hospitality project in Shirdi, Maharashtra. The project comprises 160 suites catering to pilgrims and tourists. Atmosphere Core will operate and manage the property, marking Assotech Realty's first hospitality venture in Shirdi.
• Lemon Tree HotelscoreOEM/ Whitelabel/ Licensing PartnerLemon Tree Hotels operates and manages Sandal Suites, Noida - a 195-suite serviced apartment property located in Sector 135, Noida Expressway. The property is part of the LEED Gold certified Assotech Business Cresterra complex.
• CBREminorImplementation/ SI/ Consulting PartnerCBRE was awarded the facility management contract for Assotech Realty's project, providing professional facilities management services.
• Lok Bharti Skilling SolutionsminorStrategic or Co-development PartnerLok Bharti Skilling Solutions is Assotech Realty's implementing arm for CSR skill development initiatives, providing training and placements to youth from underprivileged backgrounds.
• Sandal Mauritius Pvt. Ltd.coreOthersSandal Mauritius Pvt. Ltd. is an SPV (Special Purpose Vehicle) through which Assotech Realty has expanded its operations to the Maldives with premium residential and hospitality projects.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Sobha Limited: Listed Indian developer focused on premium residential and commercial developments with backward-integration into construction. Comparable premium real estate positioning, though primary markets are South India and Dubai.
• DLF Limited: India's largest listed real estate developer with significant commercial and residential exposure in Delhi NCR/Gurgaon. Comparable to Assotech's NCR-focused commercial leasing and residential development, but at vastly greater scale and with broader product diversification.
• Brigade Enterprises: Listed Indian developer with integrated residential, commercial office, retail, and hospitality projects. Comparable diversified portfolio mix; primarily South India-centric unlike Assotech's NCR base.
• Oberoi Realty: Mumbai-focused listed developer of premium residential and commercial properties including office leasing. Comparable premium positioning and commercial leasing exposure; geographic focus is Mumbai rather than NCR.
• Prestige Estates Projects: Indian listed developer with diversified residential, commercial, retail and hospitality portfolio. Closely comparable integrated mixed-use and hospitality play, though concentrated in South India versus Assotech's NCR focus.
• Macrotech Developers (Lodha Group): Large Indian real estate developer with significant residential township and commercial projects. Comparable integrated development model targeting premium buyers, but operates at much larger scale across multiple cities.
• Godrej Properties: Major listed Indian developer active across residential and commercial real estate in NCR and other metros. Comparable in residential township and commercial office offerings; differs in scale, national footprint, and brand reach.

Direct peers

• Parsvnath Developers: Indian listed developer historically active in NCR with integrated townships, commercial, and hospitality projects. Direct peer in the Delhi NCR integrated development space, with overlapping residential and commercial product mix.
• Ansal API (Brigade/Saya group affiliates): NCR-based Indian real estate developer with residential townships and commercial projects. Direct peer competing in the same Delhi NCR geography for similar mid-premium buyer segments.
• Omaxe Limited: Indian listed developer with strong presence in Tier 2/3 cities and NCR, including integrated townships and commercial projects. Direct peer in NCR market, with similar product range and target buyer profile but listed and larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/assotechrealty
• LinkedInlinkedin.com/company/assotech-realty

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Assotech Realty Pvt Limited