Sunil Mittal’s Bharti Realty aims fast growth!

After taking its telecom business to new heights, the Bharti Group now has plans to make big its real estate business to as high as amongst top three realtors in India.

The company is said to be scouting for new projects, commercial assets and land parcels to kick off its plans initially. It is believed that the Group honcho Sunil Mittal already expects an enterprise valuation of $1 billion for its realty arm.

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Currently, Bharti Realty Ltd. is concentrating on Central Business Districts of important cities. The company has completed building projects like ‘Bharti Crescent’ in New Delhi and Airtel Centre in Gurgaon. The young realty player is also working on ‘Pavilion’ 5 lakh sq ft mall project in Ludhiana.

The company has three projects in work-in-progress mode for office and retail use near to T3 terminal of Indira Gandhi International Airport at New Delhi. The company expects to scale high its real estate business with upscale homes starting from 2015.

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