Established in the year 1986 Akruti City Limited (ACL) is a company dedicated to the growth of the real estate sector in India. The company was formerly known as Akruti Nirman and took up civil engineering and development tasks for the government and the defence forces.
It was only after 1986 that the company ventured into residential construction projects. The company has also plunged into a slum rehabilitation project after 1995. It is in fact the first non-government company in India to have successfully completed a slum rehabilitation project in Mumbai. The company also has the highest number of completed and on-going SRA projects. The other achievements of ACL include the completion of Tenant’s Rehabilitation Project and construction of a registered IT park.
The company is located at Akruti Trade Centre, Andheri East in Mumbai.
Line of Business
The company is engaged in the development, sale and lease of commercial, residential, retail and industrial properties.
Vyomesh M Shah is the managing director of the company.
The project portfolio of the company comprises of residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks and textile parks.
The current residential projects handled by the company include Ackruti shikhar, Ackruti Jewell, Ackruti Sunmist, Ackruti Sunstone, Ackruti Vedanta, Ackruti Rising City, Ackruti Gardenia, Rosewood and Redwood, Ackruti Greenwood, Ackruti Siddhi.
The company’s upcoming projects include Ackruti Wave, Ackruti Mrage, Ackruti Sunstream City, Ackruti Realms, Seasons, Ackruti Harmony, Ackruti Sapphire, Ackruti Monte metro and Ackruti Diviniti, among others.
In commercial estate space it has recently developed Ackruti Star, Ackruti Solaris and Ackruti Viva.
ACL is the first company to receive an ISO 9001 certificate award by CRISIL. It also received the Certificate of Assessment and Attestation as per ISO 9001: 2000 for Design Construction and Maintenance of Buildings and Multi-storeyed Underground Car parks by AQA International LLC in the year 2001.
With a legacy of over 20 years, ACL is serving various verticals of the real estate industry in India, which include residential, commercial and technology hubs like IT parks, textile parks, SEZs, retail, hospitality (hotels & service apartments), health care (hospitals) and public infrastructure.
Projects by ACL are known for innovativeness, quality and life-time value. This has helped the company earn the much coveted ISO 9001:2008 certification. A culmination of many unique attributes and work processes, the company enjoys a definitive edge in the real estate category, making it the preferred choice among customers – both residential and commercial.
Knowledge and experience
The company has a strong entrenchment in the real estate category. It has expertise in a diversified field of operation coupled with more than 20 years of experience in the construction business.
The company has large in-house departments to look into each specialised aspect of all real estate development projects. The minutest details are meticulously planned right from the conception stage of the project.
The company had an annual turnover of Rs 4753.598157 million during the year ending March 2011.
The company’s profitability was Rs 1714.817637 million during the year ending March 2011.