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Rising Above: Assotech's Landmark Achievements in FY 23 and 24

Updated on: 17 April,2024 09:01 PM IST  |  Mumbai
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As Assotech Group embarks on its next chapter, the focus remains sharply on sustainable growth, innovation, and enriching communities

Rising Above: Assotech's Landmark Achievements in FY 23 and 24

Shivani Priyam Patel, Director of Assotech Group

In an era marked by rapid change and evolving consumer expectations, Assotech Group, a beacon of innovation and quality in the Indian real estate sector, proudly announces a series of groundbreaking achievements for fiscal years 2023 and 2024. Over the past 37 years, Assotech Group has not merely navigated the complex terrain of the real estate market but has thrived, setting new standards of excellence and fostering communities through its visionary projects.

Under the dynamic leadership of Chairman and Founder, Mr. Sanjeev Srivastava, and steered by his strategic acumen, Assotech Group has solidified its reputation as a developer of aspirational infrastructures that resonate with both quality and integrity. The company’s journey through FY 23-24 encapsulates a narrative of resilience, growth, and a relentless pursuit of excellence, highlighted by significant sales achievements, innovative project milestones, and industry-wide recognition.

A Chronicle of Achievements and Milestones
The flagship project, ASSOTECH PRIDE (PHASE - I), epitomizes luxury and sophistication, setting an unprecedented benchmark in the real estate domain. With an area of 5,01,222 square feet sold and generating a Gross Transactional Value of 352 crore rupees, this project underscores Assotech's commitment to delivering beyond expectations and ensuring customer satisfaction at every turn.

The launch of the Luxury Tower within this project is not just a milestone but a testament to Assotech's innovation-driven approach, seamlessly blending luxury with functionality. This meticulously designed project stands as a harmonious blend of lush greenery, carefully crafted landscapes, and luxurious amenities. It forms an integral part of a thoughtfully conceptualized society, resembling a self-contained city within a city. This makes it the biggest and most comprehensive development of its kind in Odisha.

Recognition from industry peers and rating agencies further affirms Assotech Group’s excellence. The prestigious BBB+ Rating by Infomerics and accolades such as the Best Selling Project of the Year for ASSOTECH PRIDE (PHASE - I) by Interview Times illuminate the company’s dedication to quality and customer-centric approach. Such recognitions are a source of pride and motivation, driving the company towards greater achievements.

In the NCR, Assotech Blith has notably achieved a sales milestone, selling 45 flats and generating a total revenue of 121 crores. These flats span across an impressive area of 1,23,000 square feet. Furthermore, Assotech The Nest has also seen significant sales this year, with a total GTV of 9 crores from the sale of properties covering 23,110 square feet.

Expanding Horizons with Assotech Hills
The ASSOTECH HILLS project, spanning sectors I and II, represents Assotech Group’s strategic foresight in tapping into new markets while upholding its signature quality. The sale of 61,576 and 1,00,785 square feet in these sectors, with sale values of 27.82 and 44.32 crore rupees respectively, illustrates the group’s adeptness in meeting diverse consumer needs. While specifics of milestones for these sectors are being realized, the underlying ethos of quality and innovation remains paramount.

Leadership at the Helm
The success of Assotech Group is inextricably linked to its leadership. Mr. Sanjeev Srivastava, serving as the founder, brings a wealth of experience and a forward-thinking leadership style that has been instrumental in steering the company through challenges and opportunities alike. His strategic vision complements the foundational values instilled by Mr. Srivastava, ensuring that every project not only meets but exceeds the evolving expectations of modern consumers.

Innovation as a Cornerstone
Innovation remains at the core of Assotech Group’s operations. The introduction of cutting-edge construction methods and technologies, such as MIVAN FORMWORK, signifies the group’s commitment to not only enhancing efficiency and quality but also to embracing sustainability. These technological advancements are aligned with Assotech’s vision of crafting spaces that are not only aesthetically pleasing but are also environmentally responsible and sustainable.

Looking Ahead: A Vision for the Future
As Assotech Group embarks on its next chapter, the focus remains sharply on sustainable growth, innovation, and enriching communities. With a legacy built on trust, quality, and customer satisfaction, the company is poised for continued success. The strategic vision for the future involves not just the expansion of its project portfolio but also a deepened commitment to incorporating sustainable practices and technologies that pave the way for a greener, more sustainable real estate industry.

A Legacy of Excellence and Community Development
Beyond its business achievements, Assotech Group has always placed a high value on community development and socio-economic contributions. The employment opportunities created through its projects, especially in regions like Odisha, highlight the company’s role as a catalyst for economic development. Assotech Group’s initiatives extend beyond construction, encompassing community engagement and empowerment, thereby fostering a sense of belonging and community among its stakeholders.

About Assotech Group
Established in 1986, Assotech Group has emerged as a leading real estate developer, with a diverse portfolio that spans residential, commercial, retail, and hospitality sectors. Certified ISO 9001:2008, the company leverages its vast experience to set new benchmarks in the industry. With over 45 projects delivered across six states, Assotech Group continues to create homes and happiness for thousands of families, driven by a commitment to innovation, excellence, and sustainable development.

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