Chartered Housing

What Chartered Housing does

Chartered Housing (P) Ltd. is a Bangalore-based, family-owned real estate developer founded in 1983 (with real estate operations beginning in 1989) that delivers premium residential apartments, plotted developments, and boutique commercial properties in Karnataka, India. The company's product portfolio spans three structural categories: luxury apartments (Chartered 1956, a 7-residence building on Palace Road with 5,584 sq.ft. homes using Hans Grohe and Toto fittings), plotted developments (Chartered Birdsong at 18 acres and 265 plots in north Bangalore, and Chartered Gulmohar at 10 acres in Nelamangala), and commercial properties (Chartered Centre, approximately 30,000 sq.ft. on Hosur Road). The company also operates Chartered Interiors, a wholly-owned subsidiary providing design and execution services to homeowners and businesses.

The underlying technology centers on physical construction quality rather than digital systems: underground utilities infrastructure, engineered road gradients with proper drainage fall calculations, and integrated plot design with pre-built driveway ramps — features the company claims differentiate it from competitors in Bangalore's plotted development segment. The business model is direct-to-consumer property sales with revenue recognized on unit transfer, supplemented by recurring-style revenue from Chartered Interiors (professional services) and commercial leasing. Pricing is unit-based and varies by project, location, and plot size; the company reports price appreciation from Rs. 1,800/sq.ft. in 2016 to Rs. 5,500/sq.ft. in 2026 at one of its flagship plotted developments.

Chartered Housing serves high-net-worth individuals and families seeking premium residential property in Bangalore, with secondary segments in commercial tenants and interior design clients. Go-to-market is predominantly direct sales and customer referrals, with a website-driven lead capture system, phone and WhatsApp inquiry channels, and on-site visits. The company is led by Founder & Chairman A. Balakrishna Hegde (a former banking professional with 12 years of pre-founding experience), Managing Director A. Bimal Hegde (who joined the firm in 2007 and holds an MBA from Lancaster University and an Architecture degree), and Executive Director Bhakti Hegde. The Hegde family maintains controlling ownership with no external institutional investors, and the company operates exclusively within Karnataka, India.

Name

Chartered Housing

Legal name

Chartered Housing (P) Ltd.

Website

http://www.charteredhousing.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Chartered Housing is a family-owned Bangalore-based real estate developer, founded in 1989, building premium residential apartments, plotted developments, and luxury boutique properties serving high-net-worth individuals and families in Karnataka, India.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Lessors of Residential Buildings and Dwellings (53111), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

New Construction & Builder Sales (BPAJAAAB), Residential Interior Fit-Out (Multi-Family & High-End) (IMAFANAE)

Keywords

• Residential real estate development
• Plotted development projects
• Luxury apartments
• Commercial property
• Interior design services

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Primary revenue from selling residential apartments, plotted developments, and villas. Revenue recognized upon property transfer to customers. Diverse portfolio includes luxury apartments (Chartered 1956), premium plotted developments (Chartered Birdsong, Chartered Gulmohar), and villa projects.
2. Commercial Property: Commercial space leasing and sales including office buildings like Chartered Centre (approx. 30,000 sq. ft. on Hosur Road). Occupancy Certificate obtained for commercial spaces.
3. Interior Design Services: Chartered Interiors division provides complete interior solutions for homes, offices, and retail spaces from concept to execution. Led by experienced team with over 100 completed projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Chartered Housing develops and sells premium residential and commercial real estate in Bangalore, including plotted developments, luxury boutique apartments, and villas. The company also operates Chartered Interiors, a wholly-owned subsidiary providing interior design and execution services for homes, offices, and retail spaces.

Product overview

Chartered Housing operates as a diversified real estate developer offering a portfolio of residential and commercial properties in Bangalore. The product portfolio spans three main categories: ongoing plotted developments (Chartered Gulmohar in Nelamangala, Chartered Birdsong at Yelahanka-Doddaballapur Highway, and Chartered 1956 luxury apartments on Palace Road), upcoming projects including villaments on Bannerghatta Road and boutique apartments in Basavanagudi, and completed residential projects spanning 30+ years including apartments, plotted developments, row villas, and commercial properties. The company also offers Chartered Interiors as a separate service division for complete interior solutions. The business evolved from a 1983-founded NBFC (Chartered Leasing) into residential development starting 1989, now providing apartments, plots, row villas, and commercial spaces through its diversified portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Chartered Interiors: Complete interior solutions for homes, offices, and retail spaces - from concept to execution, offering detail-oriented, transparent approach to interiors.

Products and services

• Boutique Apartments (Gandhi Bazaar, Basavanagudi) Proposed development of 2 and 3 bedroom apartments in the heart of South Bangalore at Gandhi Bazaar, Basavanagudi.
• Chartered Gulmohar Premium plotted development spread across 10 acres in Nelamangala offering villa plots of 1200, 1500 sq. ft. and larger sizes with underground infrastructure, landscaped parks, and a clubhouse with swimming pool. Target buyers are families and individuals seeking villa plots to build custom homes.
• Chartered 1956 Luxury boutique residence development on Palace Road featuring 9 floors with 7 exclusive homes (one per floor), each spanning 5,584 sq. ft. with 4 bedrooms, 4 bathrooms, powder room, private lift access, Italian marble flooring, Schuco sliding doors, and Hans Grohe/Toto fittings. Target buyers are ultra-high-net-worth individuals.
• Chartered Birdsong Premium plotted development spanning 18 acres and 38 guntas at Sadenahalli near Yelahanka-Doddaballapur Highway with 265 well-laid plots (1200, 1500, 2400 sq. ft. sizes), underground utilities, and a ~7000 sq. ft. clubhouse with swimming pool, party hall, guest rooms, gym, and children's play spaces.
• Urban Premium Villament (Bannerghatta Road) Proposed urban premium villament project on Bannerghatta Road, 15 minutes from NICE Road, planned with modern amenities.
• Chartered Interiors Complete interior solutions for homes, offices, and retail spaces from concept to execution, offering detail-oriented and transparent approach to interior design including spatial planning and finishing touches. Over 100 completed projects.
• Chartered Centre Commercial property located 2 km from Brigade Road towards Koramangala on Hosur Road, with basement, ground floor and 3 upper floors totaling approximately 30,000 sq. ft., featuring car parking ratio of 1 slot per 1,000 sq. ft.
• Chartered Veda Award-winning plotted development in Nelamangala, winner of CREDAI Award for Best Plotted Development Karnataka in 2019. Launched in 2016.
• Chartered Windsong Plotted development in Devanahalli completed in 2013, the company's first plotted layout project demonstrating quality construction practices including underground electrical lines and pre-laid utility pipes.
• Chartered Fireflies Award-winning plotted development in Bangalore, winner of CREDAI Real Estate Award Karnataka for Best Plotted Development Karnataka.
• Chartered Resorts-1 and Resorts-2 First residential apartment projects (1990, 1992) located off MG Road, Bangalore that were trendsetters changing the prevalent matchbox concept to aesthetic residential complexes.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Aerya Alva FoundationminorOthers · 1 January 2023Chartered Housing adopted Nalkemar School in Dakshin Kannada through the Aerya Alva Foundation in 2023, building classrooms, upgrading infrastructure, and enhancing educational programs.
• CREDAI KarnatakacoreStrategic or Co-development PartnerMr. A. Balakrishna Hegde served as President of CREDAI Karnataka (2006-2008) and currently serves as Chairman of the CREDAI National Centre of Learning, which spearheads the Business Leadership Programme at IIM Bangalore. Mr. A. Bimal Hegde serves as President-Elect of CREDAI Bengaluru.
• IIM BangaloreminorStrategic or Co-development PartnerCREDAI National Centre of Learning runs Business Leadership Programme at IIM Bangalore for CREDAI members across the country. Mr. A. Balakrishna Hegde serves as Chairman of this initiative.
• Sevanjali PrathishtanaminorOthersPartnership for weekly rural health camps benefiting 500+ farm workers as part of rural outreach initiatives.
• BBMPminorOthersUrban tree planting partnership with Bruhat Bengaluru Mahanagara Palike (BBMP) for environmental sustainability.
• Rathna AvenueminorOthersUrban tree planting partnership for environmental initiatives.

Scale indicators6 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Total Environment: Bangalore-based premium residential developer with a strong design-and-quality focus on luxury apartments and villas — directly comparable to Chartered Housing's premium plotted and luxury apartment positioning in the same Bangalore market.
• Sobha Limited: Bangalore-headquartered premium residential developer with a back-engineered, quality-focused construction model across apartments and plotted developments — operates in the same premium Bangalore micro-markets as Chartered Housing.
• Prestige Group: One of the largest Bangalore-based residential and commercial developers with premium positioning across apartments, villas, and plotted developments — competes with Chartered Housing across multiple Bangalore corridors.
• Brigade Enterprises: Bangalore-headquartered developer with a broad residential, commercial, and plotted-development portfolio — overlaps directly with Chartered Housing on residential plots and luxury apartments in Bangalore.
• Shriram Properties: Bangalore-focused residential developer offering plotted developments and mid-to-premium apartments — comparable to Chartered Housing's plotted-development-heavy product mix and Bangalore concentration.
• Puravankara: Bangalore-headquartered residential developer with plotted developments and premium apartments across South India — comparable product offering and Bangalore-centric operations.
• Century Real Estate: Bangalore-based developer with a focus on plotted developments and luxury residences — directly comparable to Chartered Housing's plotted-and-luxury mix in the same geography.
• Casagrand: Bangalore-headquartered residential developer focused on premium apartments and villas in South India — competes with Chartered Housing in Bangalore's premium residential segment.

Broad incumbents

• Mahindra Lifespace Developers: Pan-India residential developer with a meaningful Bangalore presence across premium and mid-premium segments — broader portfolio than Chartered Housing but overlapping on product type and Bangalore micro-markets.
• Godrej Properties: Large pan-India developer with a strong Bangalore presence in premium residential projects — broader geographic and product footprint than Chartered but directly comparable in Bangalore's premium plotted and apartment categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/chartered_hsg

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Chartered Housing