What Shivalik Group does

Shivalik Group is a privately held, Ahmedabad-headquartered real estate developer founded in 1998 by Mr. Satish Shah, operating in Gujarat primarily through the legal entity SUMMERWOODS DEVLOPERS INDIA LLP. The company has delivered 75+ landmark developments totaling over 15 Mn sq. ft. across 16+ territories, serving 10,000+ families with residential product (3 and 4 BHK homes, luxury Signature residences) and commercial product (Grade-A offices, showrooms, retail) concentrated in Ahmedabad and the GIFT City SEZ corridor. The portfolio spans ready-to-move and under-construction inventory at price points from approximately ₹1.62 Cr to ₹3.77 Cr for residential units and ₹1.80 Cr and above for commercial.

Shivalik operates as a five-vertical integrated ecosystem beyond core development: (1) Real Estate (residential and commercial projects, including Shivalik Curv — India's first twisted commercial tower — Trophy, Wave, Skyview, Présenté, and the Signature collection); (2) Furniture/Interiors through the Lofy brand with global partnerships (Haworth, Stanley); (3) Fund, via a SEBI-registered Category II AIF (Shivalik Fund, ₹150 Cr target, 50% raised, 18-22% target IRR) and the Invest-in-Land program (₹5 Cr+ ticket, 5-7 year horizon); (4) Institute (SIRE) for real estate professional education; and (5) Tech, anchored on a "Real Estate Operating System" (ROS). A managed office-space vertical was launched in 2025 with a ₹10 Cr initial investment, extending Shivalik into recurring workspace operations.

The business model is primarily one-time residential and commercial unit sales, supplemented by recurring/management revenue from the SEBI-regulated fund (management and performance fees), interiors (Lofy), managed offices, and the FLOW commercial investment platform. Go-to-market mixes direct enterprise sales with dedicated Relationship Managers, an open Channel Partner Program, and a dedicated NRI Concierge team for cross-border buyers. All projects since 2018 are IGBC green certified; the group holds Hurun India Iconic Developments recognition, IGBC Green Champion status, NY Architectural Design Awards Gold (2025), and Great Place To Work certification (Feb 2026-Feb 2027). The leadership team includes Chairman & Founder Satish Shah, Founder & Managing Director Chitrak Shah, Managing Director Taral Shah, and Executive Director & CEO of the Fund Piyush Kothari.

Name

Shivalik Group

Legal name

SUMMERWOODS DEVLOPERS INDIA LLP

Website

https://shivalikgroup.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Shivalik Group is a privately held Ahmedabad-based real estate developer operating an integrated ecosystem across residential development, commercial real estate, a SEBI-registered AIF fund, interior solutions (Lofy), and technology, serving families, enterprises, NRIs, and investors across Gujarat and GIFT City.

Ownership category

akta.pro rank

Product category

Residential and Commercial Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Single-Family Home Construction (Detached Homes) (IMAFABAA), Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

Keywords

• Residential property development
• Commercial real estate
• Real estate investment fund
• Interior design solutions
• Green building construction

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Residential Property Sales: Sale of residential properties including 3BHK and 4BHK homes across multiple projects in Ahmedabad and GIFT City.
2. Commercial Property Sales: Sale of Grade-A commercial spaces including offices, retail showrooms in GIFT City and prime Ahmedabad locations.
3. Furniture and Interiors (Lofy): End-to-end interior solutions through Lofy brand, including design, execution, and premium brand partnerships with Haworth and Stanley.
4. Shivalik Fund - Category II AIF: SEBI-registered AIF fund investing in asset-backed real estate with 16-18% target IRR. Fund management fees and performance fees.
5. Land Investment: Strategic land investments in emerging growth corridors for long-term appreciation with 16-18% target returns and 5-7 year horizon.
6. The FLOW Commercial Platform: Income-generating commercial real estate platform connecting capital, development, leasing, and operations for institutional-grade assets.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Shivalik Group develops and sells residential (3BHK, 4BHK homes, luxury residences, farmland plots) and commercial real estate (Grade-A offices, showrooms, retail spaces) primarily in Ahmedabad and GIFT City, Gujarat. Beyond development, the company operates an integrated ecosystem spanning interior solutions (Lofy), a SEBI-registered Category II AIF real estate investment fund, a commercial investment platform (The FLOW), the SIRE Institute for real estate education, and a proprietary Real Estate OS technology platform.

Product overview

Shivalik Group is a diversified real estate and investment company operating as an integrated ecosystem with five verticals: Real Estate Development, Furniture/Interiors, Fund/Investment, Institute/Education, and Technology. The core Real Estate Development vertical includes residential products (3 & 4 BHK homes, luxury Signature Collection) and commercial products (Grade-A offices, showrooms, landmarks). The Furniture vertical offers end-to-end interiors through Lofy with Haworth and Stanley partnerships. The Fund vertical provides SEBI-registered Category II AIF investment products and The FLOW commercial platform. Technology is delivered through Real Estate OS (ROS) powering the ecosystem. All projects are IGBC green certified, with Masterpieces representing iconic architectural landmarks like Shivalik Curv (India's first twisted tower) and Shivalik Skyview (drone-inspired 34-storey residential tower).

Differentiator

Problem solved

Functional benefit

Brands

• Shivalik Fund: SEBI-registered Category II AIF structured real estate investment platform offering asset-backed investments with 16-18% target IRR
• Lofy (Shivalik Furniture)
• SIRE Institute
• Real Estate OS (ROS)
• The FLOW
• Shivalik Signature
• Shivalik Curv
• Shivalik Trophy
• Shivalik Wave
• Shivalik Skyview
• Shivalik Présenté
• Shivalik Greenview
• Shivalik Edge
• Shivalik Sharada Harmony
• Shivalik Crown
• Shivalik Greenfield
• Shivalik Farmland

Products and services

• Shivalik Curv India's first twisted commercial tower located in GIFT City, Gandhinagar. A 190-metre twisted tower with column-free floor plates, 350-foot atrium, and high-performance glazing, offering commercial offices from 997 to 15,570 sq ft.
• Shivalik Trophy Grade-A commercial landmark in GIFT City SEZ, designed for institutions, MNCs, and global enterprises with efficient floor plates and strong core planning.
• Shivalik Wave Landmark commercial development on Vaishnodevi corridor in Ahmedabad. Features an undulating silhouette with two triple-height atriums, 20 high-speed elevators across G+29 floors. Offices 942-1,873 sq ft and showrooms 1,457-3,744 sq ft starting at ₹1.80 Cr.
• Shivalik Skyview Drone-inspired 34-storey residential tower in GIFT SEZ with 2 BHK and 3 BHK homes (875-1,524 sq ft) featuring balcony access from nearly every room. Includes 12 duplex penthouses on top floors with private terraces up to 650 sq ft. IGBC Gold certified.
• Shivalik Crown Spacious 4 BHK family homes with low-density planning across three towers, featuring personal elevator and servant room options, located near airport and riverfront. 2,486 sq ft RERA area starting at ₹3.03 Cr all inclusive.
• Shivalik Greenfield Modern residential living in Shantigram with 70% open green space, 3 BHK and 4 BHK configurations from 1,379 to 2,365 sq ft RERA area, featuring temperature-controlled pool, mini theatre, library, and gymnasium. Starting at ₹1.82 Cr all inclusive.
• Shivalik Greenview Ready-to-move 4 BHK homes and penthouses in Shantigram township with mature trees, open landscapes, and resort-like atmosphere. IGBC Platinum certified. 2,105 sq ft RERA area starting at ₹3.00 Cr onwards.
• Shivalik Edge Premium 4 BHK + Extra Room ready-to-move apartments on Ambli BRTS Road with contemporary architecture, premium finishes, and panoramic sightlines. IGBC Gold certified. 2,362 sq ft carpet area starting at ₹3.77 Cr all inclusive.
• Shivalik Sharada Harmony Ready-to-move 3 and 3.5 BHK residences in Panjrapole with premium showrooms at ground floor, landscaped surroundings, and proximity to CG Road and IIM Road. IGBC Silver certified. Starting at ₹1.62 Cr all inclusive.
• Shivalik Présenté The GIFT Riverfront Residency - 54 exclusive riverfront-facing residences in GIFT City with 4 BHK and 6 BHK penthouse options offering uninterrupted Sabarmati Riverfront views. Available by invitation only. Part of the Shivalik Signature luxury collection.
• Shivalik Parklane Premium showrooms in Keshavbaug with road-facing frontage across Basement + Ground + 13 floors, designed for retail, offices, clinics, and service-led businesses.
• Shivalik SPlus Enterprise commercial property on Ognaj Growth Road with column-free scalable offices, terrace workspaces, and G+2 retail showrooms designed for businesses seeking room to grow.
• The Circle Showrooms and offices at Visat Circle designed for high-visibility business with flexible retail, offices, and event-ready spaces on an arterial circle address.
• Shivalik Farmland Farm land and residential plots in Sachana, Viramgam, located 1.5 km from Sanand-Viramgam Highway. Plot sizes from 600 to 1,183 sq yd, designed for farmhouse building, farming, and generational legacy. Starting at ₹50 Lakhs all inclusive.
• Shivalik Fund (Category II AIF) SEBI-registered Category II AIF investing in asset-backed real estate. Fund size ₹150 Cr with 50% raised, targeting 18-22% pre-tax IRR with 3-5 year tenure. Offers structured investment with transparent reporting and NRI-friendly access.
• The FLOW Gujarat's first income-generating commercial real estate platform connecting capital, development, leasing, and operations. Provides Grade-A commercial assets with regular income through managed operations.
• Invest in Land Strategic land investment opportunities in emerging growth corridors for capital seeking long-term appreciation. Target returns 16-18% with 5-7 year horizon and ₹5 cr+ ticket size.
• Lofy Interior Solutions End-to-end interior solutions from design to execution, backed by Shivalik Furniture Factory and global partners Haworth and Stanley. Part of the ecosystem's lifestyle vertical.

Quantifiable outcome

• All projects since 2018 are IGBC certified green buildings
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered supporting.

• HaworthsupportingStrategic or Co-development PartnerPremium brand partnership through Lofy Interior Solutions for high-end office and residential furniture with global quality standards.
• StanleysupportingStrategic or Co-development PartnerPremium brand partnership for furniture solutions through Lofy, offering premium interiors alongside Haworth products.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Adani Realty: Adani Realty is a major Ahmedabad- and Gujarat-based residential and commercial developer. It is a direct peer because it operates in the same geography, competes in the same premium residential and Grade-A commercial segments, and shares GIFT City exposure with Shivalik.
• Savvy Group (Savvy Infrastructre): Savvy Group is an Ahmedabad-based developer of premium residential and commercial projects, including townships in the Gujarat region. It is a direct peer because it competes with Shivalik in the same Ahmedabad market on premium apartments, commercial space and integrated townships.

Broad incumbents

• Godrej Properties: Godrej Properties is a large national residential developer with pan-India presence across multiple cities. It is a broad incumbent because it competes with Shivalik in the premium residential and green-building segments while offering a much wider portfolio and deeper institutional capital base.
• Macrotech Developers (Lodha): Macrotech Developers (Lodha) is one of India's largest listed real estate developers with a national footprint in luxury and premium housing. It is a broad incumbent competing with Shivalik in the premium apartment segment, though at significantly larger scale and geographic reach.
• DLF Limited: DLF is India's largest listed real estate developer with extensive residential and commercial developments including Grade-A office and luxury residential. It is a broad incumbent overlapping with Shivalik on luxury residential, commercial offices and integrated townships.
• Prestige Group: Prestige Group is a leading South-India headquartered developer with national expansion. It is a broad incumbent comparable to Shivalik on premium residential and commercial developments, though operating across different primary geographies.
• Brigade Group: Brigade Group is a Bengaluru-headquartered real estate developer with residential, commercial and hospitality projects. It is a broad incumbent comparable on integrated mixed-use developments and premium residential offerings, although its primary market is South India.
• Mahindra Lifespace Developers: Mahindra Lifespace is the listed real estate arm of the Mahindra Group focused on residential developments and integrated cities. It is a broad incumbent comparable on premium residential and sustainability-led (IGBC) developments.

Regional players

• Kolte-Patil Developers: Kolte-Patil Developers is a Pune- and Mumbai-focused listed residential developer. It is a regional peer operating in a different primary geography but with comparable premium residential product positioning, integrated township approach, and mid-cap developer scale similar to Shivalik.

Emerging players

• Signature Global: Signature Global is an emerging listed Indian developer focused on affordable and mid-income housing in the NCR region. It is an emerging player comparable on the new-housing-for-sale model, though it targets a lower price point than Shivalik's premium segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/shivalik_group
• Facebookfacebook.com/ShivalikGroup
• LinkedInlinkedin.com/company/shivalikgroup

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Shivalik Group