VINAYAK GROUP: A Confluence for comfort, reasonability and reliability
With three decades of experience in the industry, Vinayak Group has established itself as a premier real estate developer with a distinct presence in the metropolitan city of Kolkata. Two brothers Balkrishan Kyal and Umesh Kyal laid the foundation stone of the Group in 1988 with self-belief and a vision to deliver world-class projects. The group hitherto has been a consistent and reliable player, always leading from the front by catering to the diverse needs of its consumers. The firm’s offerings have always been aligned with the existing climate of the real estate market, its unique customer-centric business model coupled with a proven record of innovation and quality has been the fulcrum to the group’s rapid growth. Expertise in the acquisition of land, on time construction & pre-to-post sales service has escalated the group to be included among the city’s forerunners in the real estate industry.
Offerings and differentiating factors
The city of Joy, Kolkata, saw a major growth in size, population, and modern infrastructure over the last decade or so, and with it, the real estate industry became a major player in the socio-economic set up of the state. A large number of small, mid-sized and big projects are launched every now and then, however, moreover not all of them meet the expectation of the aspiring buyers who put their hard-earned money and in most cases all of their life’s savings into their dream home. Some of them are never even completed, some are delayed and in most cases, marketing gimmicks are used to dupe the home seekers and the delivered home is not up to the mark. Vinayak Group always believed in transparency and practiced the concept of “Under-Commit & Over-Deliver.” To this day, not even a single project by Vinayak has ever been delayed; in fact, the group has always delivered their projects well in advance of the promised completion da
Vinayak group after setting a strong foothold in Kolkata’s Real Estate Market later expanded to Vishakhapatnam in 1993. In Vishakhapatnam, the company built the city’s first ever A.C mall and meanwhile completed several other projects in North Kolkata.
The Company has emerged as one of the promising names in the real-estate horizon while completing 23 projects successfully in Kolkata and Vishakhapatnam.
It became an eventful year when the next generation (Rahul Kyal) joined after completing his MBA. Vinayak also became one among the top nine companies of West Bengal to form an assisted sector company with the West Bengal Housing Board.
Vinayak Group gets headquartered at a coveted South Kolkata location and has become a force to reckon with over the years, with its forte being land acquisitions at an extraordinary pace.
Chairman and Founder
Mr. Umesh Kyal
A Calcutta University graduate (accounts) is the Chairman and Co-Founder of Vinayak Group. Under his leadership, and with over 2 Million square feet of residential and commercial projects, the group has become one of the city’s most active and fast growing real estate development companies. His long-term perspective and fundamental respect for the cyclical nature of the industry continues to provide the group with the fiscal discipline to manage its assets and conduct its activities in ways that help the company derive most value and opportunity out of each cycle. Mr. Kyal began his career as a real estate investor in 1985 and concurrently, began developing small & mid-sized residential and commercial properties in Kolkata and Vishakhapatnam. With a focused understanding of the market trends and one on one interaction with the end-users, he takes an innovative approach to deal structuring and has a unique understanding and ability to manage risk. With more than 30 years of experience, Mr. Kyal has earned great respect among all his industry peers and shares a great rapport with the government authorities. He has championed the development of mixed-use properties across a broad range of Kolkata and its neighborhoods with over 2,000 residential units developed and sold. Mr.Kyal is also involved in many charitable organizations and sits on several charitable trusts.
Awards and recognition
Some of the very recent accolades-
- Their project “Raintree” won the “Best Residential Project in Luxury Segment” at the CNBC Awaz Awards, 2017-18 (East Zone).
- Their project “The 102” won the “Best Upcoming Budget Residential Project” (Above 4 Lac Sq. Ft.) at the CREDAI Bengal realty Awards, 2018.
- Their project “Raintree” won the “Mid-Segment Project of the Year” award at the 10th Realty plus Excellence Awards (East).
- Their project “White Meadows” won the “Low-Cost Housing Project of the Year” award at the 10th Realty plus Excellence Awards (East).
Roadmap and future plans
In order to create a progressive organization that matches international standards, one has to maintain high levels of transparency and continual improvement in quality. The Company affirms to maintain transparent business policies and the highest level of integrity and truthfulness and pledges to work with utmost dedication. The firm’s aim is to make customers the happiest with their products and to create new value and delight in customers through the most innovative products and services. It tends to provide value to customers through productive relationships, quick response, timely delivery, transparency and a good return on investments.
In the coming year, the firm is preparing to launch approximately 4 million square feet of real estate space in Kolkata & Vishakhapatnam including the following-
- Luxury Residential Project in a coveted location of South Kolkata.
- A business centre cum retail development in a prime location of Newtown, Kolkata.
- High-end residential project in a posh locality of North Kolkata.
- A high endresidential development and a business centre cum shopping complex in Vishakhapatnam.
- A budget housing project in southern suburbs of Vishakhapatnam.
- Commercial complex in the heart of the traditional CBD of Kolkata.
- A budget housing project in the southern suburbs of the city.