What Iscon Group does

Iscon Group (legal entity: JP Iscon Private Limited, founded 1994) is a Gujarat-based, privately held real estate developer operating across four verticals: residential, commercial, retail, and leisure. The company has completed 75+ projects spanning approximately 2.5 crore (25 million) square feet of built space across Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, Anand, and Deesa, with 60+ lakh sq ft currently under construction. Its residential portfolio spans affordable to ultra-luxury apartments (2-5 BHK), plotted developments, and weekend villas, including flagship Iscon Platinum, Iscon Vogue, Iscon Harmony, and Talltrees. The commercial arm delivers office towers (Iscon Infinity Tower, Iscon Commercial Complex) and retail-office hybrids (Iscon Emporio). The retail mall portfolio includes the 4,50,000 sq ft Iscon Mega Mall (Gujarat's first centrally AC mall), Iscon Mall Surat, Iscon Mall Rajkot, and Star Bazar. Leisure assets include The Iscon Club & Resort (Bhavnagar) and Iscon Ambe Valley (Ambaji).

The company makes money through one-time license revenue from residential and commercial property sales, recurring rental and management income from its mall portfolio, and subscription/transactional revenue from its hospitality properties. Pricing is quote-based and varies by project, unit configuration, and location, with no public price disclosure. Go-to-market is a hybrid of direct sales (an authorized sales team reachable via phone and email, plus project-site sales offices and model homes) and a third-party channel partner program operated through probroker.xyz. The company is family-led: Chairman Pravin Kotak, Managing Director Jayesh Kotak, Executive Directors Jateen Gupta and Amit Gupta. Ownership commentary indicates a family-owned structure with no disclosed institutional investor participation.

Technically, Iscon Group's differentiation comes from being a "first mover" in Gujarat across multiple construction and design formats — the first centrally air-conditioned mall, the first terrace infinity pool (Iscon Platinum, 22nd floor), the first 22-storeyed high-risers, and a European-ambience hybrid retail/office concept. The underlying technology stack is conventional real estate execution: state-of-the-art construction practices, modern amenities (Schindler/Kone elevators, CCTV, central AC infrastructure, adjustable climatic domes, smart parking), and "highly evolved property management" services. The company has expanded beyond Gujarat via subsidiary Amikrupa Land Developers Private Limited, which is launching a residential-cum-commercial project at Bandra (East), Mumbai. Headcount is 101-250; pricing, revenue, and order book are not publicly disclosed.

Name

Iscon Group

Legal name

JP Iscon Private Limited

Website

https://iscongroup.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Iscon Group (JP Iscon Private Limited, founded 1994) is a Gujarat-based privately held real estate developer with 75+ completed projects spanning residential, commercial, retail mall, and leisure verticals across 8 Indian cities, serving affluent families, commercial enterprises, retail tenants, and hospitality guests.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

akta.pro secondary industries

New Construction & Builder Sales (BPAJAAAB), New-Listing Onboarding, Setup & Launch Services (THAMAKAO)

Keywords

• Residential property development
• Commercial real estate
• Retail mall operations
• Luxury apartments
• Leisure hospitality

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Primary revenue stream from selling residential units including apartments, villas, and plotted developments. Revenue recognized upon property handover. 75+ projects completed across Gujarat.
2. Commercial Property Sales: Revenue from selling commercial office spaces, corporate offices, and business complexes. Includes Iscon Commercial Complex, Iscon Infinity Tower, and other commercial developments.
3. Retail Mall Operations: Revenue from retail mall operations including Iscon Mega Mall (Ahmedabad), Iscon Mall (Surat), Iscon Mall (Rajkot), and Star Bazar. Includes rental income from retail tenants and operational management fees.
4. Leisure & Hospitality: Revenue from resort properties, club memberships, and leisure facilities including The Iscon Club & Resort (Bhavnagar) and Iscon Ambe Valley (Ambaji).
5. Property Management Services: After-sales management services and highly evolved property management capabilities for maintained community spaces.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Iscon Group is a Gujarat-based real estate developer that designs, constructs, and sells residential apartments and villas, commercial office spaces, retail malls, and leisure/hospitality properties. The company operates across four core verticals—Residential, Corporate/Commercial, Retail, and Leisure—with 75+ completed projects spanning approximately 2.5 crore square feet across eight cities in Gujarat. Revenue is generated primarily through one-time sales of developed property units, supplemented by rental income from mall operations, club memberships, and after-sales property management services.

Product overview

Iscon Group is a Gujarat-based real estate development company with over 30 years of experience and 75+ successful projects spanning approximately 2.5 crore square feet across Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, Anand, and Deesa. The company operates across four core verticals: Residential (luxury apartments, villas, plotted developments), Corporate/Commercial (office spaces and complexes), Retail (malls and shopping destinations), and Leisure Infrastructure & Management (resorts and clubs). Key residential products include Iscon Platinum (luxury 3-5 BHK club-class living with terrace infinity pool), Talltrees (exclusive weekend villas), Iscon Harmony, Heights, Habitat, and Greens. Commercial offerings include Iscon Emporio (retail/office hybrid with European ambiance), Iscon Infinity Tower (corporate offices in Surat), and Iscon Commercial Complex. Retail portfolio features Iscon Mega Mall (Gujarat's first centrally AC mall at 4.5 lakh sq ft), Iscon Mall Surat (3 lakh sq ft), and Star Bazar. Leisure properties include The Iscon Club resort in Bhavnagar and Iscon Ambe Valley hospitality property in Ambaji. The group has pioneered several firsts in Gujarat including the first central-AC mall, first terrace infinity pool, and first 22-storeyed high-risers.

Differentiator

Problem solved

Functional benefit

Products and services

• Iscon Platinum Luxury residential project in Ahmedabad featuring 3, 4, & 5 BHK club-class living with 19 tall buildings, exclusive in-house concierge services, and Ahmedabad's first Terrace infinity pool on the 22nd floor.
• Iscon Infinity Tower Premium commercial office tower in Surat offering corporate office spaces with modern amenities including Schindler/Kone elevators, CCTV security, and central air conditioning provisions.
• Talltrees by Iscon Exclusive weekend paradise villa project in Bavlu, Ahmedabad featuring culturally-rich thematic gardens, villa lifestyle with amenities including club house, swimming pool, sports facilities, and 24/7 concierge service.
• Iscon Mega Mall Gujarat's iconic centrally air-conditioned shopping mall in Ahmedabad spanning 4,50,000 square feet on S.G. Highway, featuring retail stores and entertainment options. Pioneered the concept of central-AC malls in Gujarat.
• Iscon Emporio 8-storey commercial building in Ahmedabad combining retail and office spaces with European ambiance, featuring adjustable climatic dome, 32 escalators, 12 elevators, and smart parking.
• Iscon Mall Surat Largest shopping mall in South Gujarat with 300,000 square feet of pure retail space designed as a shopper's paradise for Surat residents.
• Iscon Mall Rajkot Retail mall in Rajkot operated as part of Iscon Group's retail portfolio.
• Star Bazar Retail destination in Ahmedabad operated under the Iscon Group retail portfolio.
• The Iscon Club Bhavnagar's first and finest resort and club offering lifestyle destination for families with monthly events including fashion shows, concerts, and festival celebrations.
• Iscon Ambe Valley Premium property for devotees of Ambaji featuring 50 AC and non-AC luxuriously spacious rooms with 4-star quality stay, also known as Atithi Bhavan.
• Iscon Commercial Complex (ICC) Commercial complex located in the central business district of Ahmedabad offering an ideal environment for commercial operations.
• Iscon Elegance Corporate offices in Ahmedabad located opposite Karnavati Club with futuristic design combining innovation with opulence.
• Iscon Greens Luxurious plotted scheme in Vadodara located 6kms from Golden Chokdi on Halol-Vadodara highway with ultra-luxurious club-style amenities. Awarded 6 Star 2018 Vadodara.
• Iscon Eleven 5 BHK luxurious villa project in Bhavnagar spread across 100 acres divided into 11 sectors with infrastructure-ready plots and common gardens.
• Iscon Harmony 2 & 3 BHK high living apartments in Sevasi, Vadodara offering contemporary lifestyle with superior quality construction.
• Iscon Heights Seven 9-storied towers with lavish 3 & 4 BHK residences in Vadodara with spacious community and modern amenities.
• Iscon Habitat High-end residential project in Vadodara with 2, 3, & 4 BHK luxurious apartments featuring central recreational plot with spa, swimming pool, and lifestyle amenities.
• Iscon Riverside 3 & 4 BHK riverfront apartments in Ahmedabad near Sabarmati riverfront with minimalistic urban design and landscaped gardens.
• Iscon Vogue 4 BHK & 5 BHK Vastu compliant luxurious apartment project in Ahmedabad with modern living spaces and stylish design.
• Property Management Services After-sales management services and highly evolved property management capabilities for maintained community spaces across Iscon Group's residential, commercial, and retail developments.
• Amikrupa Land Developers Project (Mumbai) Upcoming residential-cum-commercial project at prime location of Kherwadi, Bandra (East), Mumbai, part of New Safalya SRA CHS Limited, at walking distance from Bandra East Railway Station and approximately 6 km from Mumbai Airport.

Quantifiable outcome

• 60,000+ happy customers served over 30+ years
• +4 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Oberoi Realty: Mumbai-focused premium residential and commercial developer with strong luxury high-rise expertise. Relevant comparable for Iscon's Mumbai expansion and premium residential (3-5 BHK) high-rise positioning, particularly given Iscon's claim of pioneering 22-storey high-rises in Gujarat.
• Sobha Limited: Nationwide premium residential developer with backward-integrated construction capabilities. Comparable on premium residential execution, brand-led positioning, and quality focus, though at significantly larger scale and geographic reach than Iscon.
• Macrotech Developers (Lodha): India's largest listed residential developer with strong Mumbai presence in premium and luxury segments. Direct relevance to Iscon's Bandra Mumbai entry and comparable premium residential positioning in the same geography.
• Mahindra Lifespace Developers: Premium residential developer backed by the Mahindra Group, with projects across multiple Indian cities. Comparable as a brand-backed, premium-segment residential developer competing in similar target customer segments.
• Prestige Group: Indian diversified developer with residential, commercial, retail (Forum malls), and hospitality segments. Highly comparable vertical mix to Iscon Group across housing, office, mall, and leisure infrastructure.
• Shapoorji Pallonji Real Estate: Diversified Indian developer (part of the Shapoorji Pallonji Group) operating across residential, commercial, and retail. Comparable diversified portfolio and brand-led premium positioning, though at significantly larger scale.
• Godrej Properties: One of India's largest listed residential developers with a national footprint and brand-led premium positioning. Comparable on residential-led product mix and developer brand strength; expanding into Gujarat puts it in direct competition with Iscon.
• Brigade Group: South India-headquartered diversified developer operating across residential, commercial office, retail (Brigade Orion Mall series), and hospitality. Closest broad-incumbent comparable due to similar mix of residential plus mall operations and commercial developments.

Direct peers

• Adani Realty: Gujarat-based diversified real estate developer (subsidiary of Adani Group) operating across residential, commercial, and retail segments in Ahmedabad and other Gujarat cities. Directly comparable as a regional Gujarat competitor with overlapping project categories, target customer segments, and multi-vertical model.

Regional players

• Shrachi Group: Eastern India-focused real estate developer with diversified residential and commercial projects. Comparable as a regional, family-promoted, multi-vertical Indian developer; serves as a useful regional peer benchmark for a non-metro India player of similar scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/group_iscon
• Facebookfacebook.com/theiscongroup
• LinkedInlinkedin.com/company/iscon-group-pvt-ltd
• Instagraminstagram.com/jpiscon

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Iscon Group