Newgen Homes
NewGen Homes is a privately held, founder-led real estate developer founded in 2012 and based in Hubli, Karnataka, that builds HDUDA- and HDMC-approved residential plotted developments and small apartment complexes across the Hubballi-Dharwad region, selling directly to individual homebuyers and investors via a sales-led model.
- Company typePrivate
- Founded2012
- HeadquartersHubli, India
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Newgen Homes does
NewGen Homes Pvt. Ltd. is a privately held, founder-led real estate developer incorporated in Karnataka, India, founded in 2012 and headquartered in Hubli with 9 employees. The company specialises in HDUDA- and HDMC-approved plotted residential developments across the Hubballi-Dharwad twin-city region, with sub-branded projects including Shristi Hill View, Shristi Serene Phase I and II, SR Gardenia, Shristi Orchard, Shraddha Orchard, and Golden Park Dharwad. It has also extended into multi-unit apartment complexes (Shristi Heritage and Shristi Enclave in Vidya Nagar) carrying RERA registration, and claims 800+ plots delivered and 800+ satisfied families with zero legal disputes.
The underlying technology stack is conventional for real estate development: physical infrastructure (underground utilities, paved roads, drainage, gated security, landscaped amenities) on approved land, supported by a digital presence (website, blog content, Facebook, Instagram, WhatsApp) used primarily for marketing and lead capture rather than product or platform technology. There is no proprietary software product, no public API, and no AI/ML capability in evidence. Core go-to-market is sales-led via phone, WhatsApp, website inquiry, and guided site visits, with virtual tours offered to NRI buyers.
Revenue is generated almost entirely through one-time license sales of residential plots (priced ₹1,800-₹3,500 per sq.ft depending on location) and apartments (₹6,600-₹7,300 per sq.ft, 1.5 BHK units of ~600 sq.ft). Customer segments span first-time homebuyers, real estate investors seeking 15-20% annual appreciation, urban professionals, and NRIs. Pre-approved home loan partnerships with HDFC, Vijaya Bank, IDBI Bank, and Syndicate Bank reduce purchase friction. The company is privately owned by Managing Partner Manjunath Aralikatti and Partner Manjunath Badasad, with no external institutional funding, parent company, or subsidiary structure.
Newgen Homes firmographics
Firmographics- Name
- Newgen Homes
- Legal name
- Newgen Homes Pvt. Ltd.
- Website
- https://newgenhomes.in
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- NewGen Homes is a privately held, founder-led real estate developer founded in 2012 and based in Hubli, Karnataka, that builds HDUDA- and HDMC-approved residential plotted developments and small apartment complexes across the Hubballi-Dharwad region, selling directly to individual homebuyers and investors via a sales-led model.
- Ownership category
- akta.pro rank
Newgen Homes industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- Land Subdivision (23721), New Multifamily Housing Construction (except For-Sale Builders) (236116)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Newgen Homes is headquartered
LocationHeadquarters
- HQ city
- Hubli
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Newgen Homes business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Residential Plot Sales: One-time sale of HDUDA and HDMC approved residential plots in plotted developments across Hubballi-Dharwad. Revenue generated from plot sales at various price points per square foot depending on project location and amenities.
- Apartment Sales: Sale of ready-to-move-in apartments (1.5 BHK units) in completed apartment complexes like Shristi Heritage and Shristi Enclave in Vidya Nagar, Hubli.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Shristi Hill View - Rayapur, Hubli |
| Unit Pricing | Pay-as-you-go | Shristi Serene Phase 2 - Gamanagatti, Hubli |
| Unit Pricing | Pay-as-you-go | SR Gardenia - Gokul Road, Hubli |
| Unit Pricing | Pay-as-you-go | Shristi Serene Phase I - Gamanagatti, Hubli |
| Unit Pricing | Pay-as-you-go | Shristi Orchard - Amargol, Hubli |
| Unit Pricing | Pay-as-you-go | Golden Park - Dharwad |
| Unit Pricing | Pay-as-you-go | Shraddha Orchard - Gamanagatti, Hubli |
| Unit Pricing | Pay-as-you-go | Shristi Heritage Apartment - Vidya Nagar, Hubli |
| Unit Pricing | Pay-as-you-go | Shristi Enclave Apartment - Vidya Nagar, Hubli |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Newgen Homes product offering
Product offeringCore offering
NewGen Homes is a real estate developer that transforms raw land into HDUDA and HDMC approved premium residential plotted communities and ready-to-move apartment complexes in the Hubballi-Dharwad region of Karnataka, India. The company sells Vastu-compliant plots in multiple sizes (30x40, 30x50, 40x60, custom) along with 1.5 BHK apartments, delivering complete infrastructure including underground utilities, paved roads, gated security, and landscaped parks. All projects are sold directly to end-buyers (homebuyers and investors) with documentation, registration, and bank loan assistance.
Product overview
NewGen Homes is a real estate development company offering a portfolio of residential products including premium plotted developments and apartment complexes in the Hubballi-Dharwad region of Karnataka. The company's plotted development portfolio includes Shristi Hill View (Rayapur), Shristi Serene Phase I & II (Gamanagatti), SR Gardenia (Gokul Road), Shristi Orchard (Amargol), Shraddha Orchard (Gamanagatti), and Golden Park Dharwad. The apartment portfolio comprises Shristi Heritage and Shristi Enclave in Vidya Nagar, offering 1.5 BHK configurations. All plotted developments feature HDUDA and HDMC approvals with Vastu-compliant plots and complete infrastructure including underground utilities, wide roads, and gated community facilities. The company operates primarily as a plotted land developer with some apartment projects, positioning itself as a transparent, legally compliant real estate solution provider since 2012.
Differentiator
Problem solved
Functional benefit
Brands
- Shristi Hill View: Premium plotted development in Rayapur, Sattur, Hubli offering Vastu-compliant plots with HDUDA and HDMC approvals
- Shristi Serene Phase I & II
- SR Gardenia
- Shristi Orchard
- Shristi Heritage
- Shristi Enclave
- Shraddha Orchard
- Golden Park Dharwad
Products and services
- Shristi Hill View Premium Vastu-compliant residential plotted development located in Rayapur, behind Rayapur KMF, Sattur, Hubli. Features plots in 30x40, 30x50, 33x40, 33x50, 40x60, and customizable (odd) dimensions with HDUDA and HDMC approvals. Priced at ₹2,200 per sq.ft.
- Shristi Serene Phase I Completed plotted development in Gamanagatti, Hubli, within Dharwad district of Karnataka. Features Vastu-compliant plots of 30x40, 30x50, and 40x60 sizes with complete infrastructure including underground water, electricity, paved roads, and gated community. Priced at ₹2,400 per sq.ft. HDMC completion certificate issued 06/05/2025.
- Shristi Serene Phase 2 Ongoing plotted development in Gamanagatti, approximately 6.5 acres, located 3 km from Navanagar Cancer Hospital. Features Vastu-compliant plots in odd sizes with HDUDA and HDMC approvals and complete infrastructure. Priced at ₹2,100 per sq.ft. HDMC completion certificate issued 06/05/2025.
- SR Gardenia Premium plotted development on Gokul Road, Hubli, spanning approximately 25 acres with Vastu-compliant plots in 40x60 and odd dimensions. Features world-class infrastructure including underground electricity, individual water connections, and 30-40 feet wide roads. HDUDA and HDMC approved with immediate possession available.
- Shristi Orchard (Amargol) Completed residential plotted development in Amargol, Hubli. Fully planned and developed layout in 5 acres with HDUDA and HDMC approved plots in 30x40 and 30x50 sizes. Priced at ₹2,500 per sq.ft. Project Completion Certificate issued by HDMC on 06/05/2025.
- Shraddha Orchard Completed premium plotted development in Gamanagatti, Hubli, approximately 4 acres. Vastu-compliant plots from 1,200 to 2,000 sq.ft (30x40, 30x50, 40x60, custom sizes) with complete infrastructure. Priced at ₹1,800-₹2,000 per sq.ft (total price range ₹21.60 Lakhs - ₹36 Lakhs). HDMC completion certificate issued 31/12/2024.
- Golden Park Dharwad Premium plotted development in Dharwad spanning 10 acres. Features 30-foot wide internal roads, underground drainage, landscaped parks, gated community security, and 30%+ open green spaces. HDUDA approved with completion certificate obtained. Priced at ₹3,000-₹3,500 per sq.ft.
- Shristi Heritage Apartment Ready-to-move-in residential apartment complex in Vidya Nagar, Hubli. Features 32 exclusive 1.5 BHK apartments (600 sq.ft super built-up area, 546 sq.ft carpet area) across Ground+3 floors. RERA registered (PRM/KA/RERA/1259/479/PR/190701/002637) with amenities including swimming pool, gym, lift, and 24/7 security. Priced at approximately ₹40 Lakhs (₹6,600-₹7,300 per sq.ft).
- Shristi Enclave Apartment Completed residential apartment complex in Vidya Nagar, Hubli with 20 exclusive 1.5 BHK apartments (600 sq.ft super built-up area) across Ground+3 floors. Features swimming pool, gymnasium, lift access, 24/7 power backup, and security. HDUDA and HDMC approved with pre-approved bank loans from HDFC, Vijaya Bank, IDBI Bank, and Syndicate Bank. Priced at ₹6,600 per sq.ft.
Quantifiable outcome
- 15-20% annual appreciation in delivered projects
- +2 more outcomes
Companies that use Newgen Homes
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Newgen Homes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Newgen Homes partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- HDUDA (Hubballi-Dharwad Urban Development Authority)coreHDUDA provides regulatory approval and oversight for all plotted developments. Every NewGen Homes project requires HDUDA layout approval and compliance certification. This is a mandatory regulatory relationship for all real estate plotted developments.
- HDMC (Hubballi-Dharwad Municipal Corporation)coreHDMC provides municipal approvals, completion certificates, and development permissions for all residential layouts. Projects require HDMC sanction for layout plans and issuance of completion certificates upon infrastructure completion.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Newgen Homes competitors and assessment
Company assessmentBroad incumbents
- Sobha Limited: Bengaluru-based listed developer with backward-integrated construction capabilities and a strong plotted/development presence in Karnataka. Comparable as a larger, listed regional incumbent pursuing quality-focused residential buyers in Karnataka markets.
- Salarpuria Sattva Group: Bengaluru-based private developer with large plotted, apartment, and commercial projects across Karnataka. Comparable as a broader incumbent operating residential real estate in Karnataka with bank-relationships and HDUDA/RERA-style approval focus.
- Puravankara Limited: Bengaluru-headquartered listed developer with plotted developments (Provident Housing brand) and apartments across South India. Comparable as a broader incumbent with similar plot-and-apartment product mix and mid-market positioning.
- Brigade Group: Bengaluru-headquartered listed real estate developer active across residential, commercial, and plotted developments in Karnataka and pan-India. Comparable as a broader incumbent in the same state, with overlapping plotted and apartment products and similar buyer demographics in southern Karnataka.
- Prestige Group: Pan-India listed developer headquartered in Bengaluru with extensive plotted and apartment developments across Karnataka. Comparable as a broader incumbent operating a similar product mix (plots, villas, apartments) in Karnataka, including Tier-2 markets.
- Godrej Properties: Pan-India listed real estate developer expanding into Tier-2/3 markets with plotted and apartment formats. Comparable as a broad incumbent brand that is actively entering markets adjacent to NewGen's footprint, representing both a competitive threat and a benchmark for operational scale.
Direct peers
- Kolte-Patil Developers: Pune-headquartered listed developer with plotted and integrated township projects across Maharashtra and Karnataka. Comparable as a direct peer with plotted-development expertise targeting similar mid-market residential and investor buyers.
- Assetz Property Group: Bengaluru-based private developer with plotted and luxury villa/apartment projects in Karnataka. Comparable as a privately-held regional developer operating in overlapping Karnataka markets with similar plot-and-residential product mix.
- Casagrand: Chennai-based private developer expanding across South India including Bengaluru, focusing on mid-income apartments and plotted developments. Comparable as a direct peer targeting similar first-time homebuyer and investor segments in Tier-2/3 South-Indian markets.
- Shriram Properties: Bengaluru-based South-India focused developer with plotted developments and mid-market apartments across Karnataka and Tamil Nadu. Comparable as a direct competitor operating similar mid-market plotted and apartment products in southern Karnataka.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Newgen Homes social profiles
Digital presenceNewgen Homes compliance and trust
Trust signalCompliance3 records
Newgen Homes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newgen Homes leadership team
Management profileNumber of profiles
Profiles2 records
Newgen Homes funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newgen Homes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newgen Homes
What does Newgen Homes do?
NewGen Homes is a real estate developer that transforms raw land into HDUDA and HDMC approved premium residential plotted communities and ready-to-move apartment complexes in the Hubballi-Dharwad region of Karnataka, India. The company sells Vastu-compliant plots in multiple sizes (30x40, 30x50, 40x60, custom) along with 1.5 BHK apartments, delivering complete infrastructure including underground utilities, paved roads, gated security, and landscaped parks. All projects are sold directly to end-buyers (homebuyers and investors) with documentation, registration, and bank loan assistance.
Is Newgen Homes a public or private company?
Newgen Homes is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Newgen Homes founded?
Newgen Homes was founded in 2012. It employs 1 to 10 people.
Where is Newgen Homes based?
Newgen Homes is headquartered in Hubli, India, in the Asia region.
How does Newgen Homes make money?
Two revenue lines are on record. Residential Plot Sales are the primary driver. The others are apartment Sales.
Who are Newgen Homes's main competitors?
Broad incumbents on record are Sobha Limited, Salarpuria Sattva Group, Puravankara Limited, Brigade Group, Prestige Group and Godrej Properties. Direct peers are Kolte-Patil Developers, Assetz Property Group, Casagrand and Shriram Properties.
Does Newgen Homes have an API?
No public API is recorded for Newgen Homes.
What industry is Newgen Homes in?
Newgen Homes's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 23721 and its SIC code is 6552.