Astrum Homes
Astrum Homes is an FDI funded India focused Real Estate Development Company, engaged in developing world-class residential solutions in emerging cities of the country. The company has been promoted by the management team of FIRE (First Indian Real Estate) Capital Fund in partnership with founders of leading North American real estate investment and development firms. FIRE Capital Fund is a pioneering Indian real estate centric private equity fund that has created several joint venture companies across the country to deliver a total built-up area of approximately 50 million sq. ft. Under the leadership of its Founder & CEO, Om Chaudhry, FIRE Capital Fund makes investments in SUVs – development ventures of large format – integrated Satellite Urban Villages, with residential and related verticals of mixed use, which go into creating self-contained communities. One of the leading promoters of Astrum Homes is Mr. Jorge Perez, Chairman of the Related Group, a group which over the last 30 years has created innovative residential developments that have dramatically changed South Florida’s urban landscape. The Related Group is United States’ leading builder of luxury condominiums and the leading developer of multi-family residences with successful projects in other countries of North and South America and has to its credit more than 77,000 condominium and apartment residences today. At the core of Astrum’s existence is a philosophy that promises ‘More Value Per Square Foot’ to its customers. Value in terms of ‘finest living experiences’, ‘honest pricing’, and ‘transparent, reliable services’. To deliver this, Astrum projects are managed by a highly dynamic team of seasoned professionals with over 600 man years of experience who believe in continuous internal improvement and building efficiencies through innovation and process controls. The company is poised to set new benchmarks of performance in the market as it not only capitalizes on its management team’s in-depth knowledge, skills and understanding of the Indian market but also includes leading-edge execution expertise and globally-renowned industry practices of its partners from the North American real estate market. This unique association also gives the company a distinct edge in fulfilling its promise of offering finest living spaces to its discerning customers by redefining the paradigm of value-housing in tier – II and tier – III cities across the country. Astrum has successfully launched its first two projects in the cities of Panipat and Amritsar. La Regencia, Panipat, designed and planned by the leading American architectural firm Arquitectonica, is the city’s first high-rise development with international architecture and planning. The project has been acclaimed as one of the most successful project the city has seen in recent years. Astrum Buena Vista, Amritsar, located at the heart of the holy city of Amritsar has added a unique touch of exclusivity to the city’s lifestyle with its Mediterranean style of architecture. The company aims to have a pan-India presence within the next five years with a project outlay of Rs. 6,000 Cr (US$ 1.2 billion) and a total development footprint of 40 mn sq. ft. Astrum Homes is actively managed by a globally regarded set of individuals with relevant experience and skill sets. Board members include Mr. Jorge Perez, Chairman of the Related Group and known as the “Condo King” of the US; Mr. Jon Halpern, leading Global Private Equity Investor in real estate and third generation real estate developer based in New York; Mr. Michael Targoff, CEO of Loral Space & Communications, a leading space and communications company and Mr. James Grogan, an attorney and businessman who led the development of an 8,000 acre sustainable, resort community in Mexico. The Chairman and CEO of the company is Mr. Om Chaudhry who is also the Founder and CEO of FIRE Capital Fund.
