Maitreya Realtors & Constructions Private Limited, (MRCPL), the construction arm of the Maitreya Group of Companies, started in 1998 is a real estate company engaged in the business of commercial, residential and retail projects.
Under the leadership of its CMD,Varsha Satpalkar, MRCPL currently focuses on construction and development of real estate properties across the states of Maharashtra and Gujarat. The acumen of Pankaj Srivastava, COO of MRCPL, contributes hugely to the success of the real estate major.
With the proud track record of building trust and delivering values to all its stakeholders, MRPCL is poised to become a leading brand in the real estate sector. The company is recognised for its quality, sustainable projects, transparent deals, timely delivery and services for all income groups. What is more, its strategic alliances and partnerships, along with the strength of its highly competent in-house team, enable the real estate giant to undertake and smoothly execute construction of high-end bungalows, villas, residential apartments as well as shopping malls pan India. .
To its credit, the company has several sophisticated myriad housing projects in various cities of Maharashtra such as Pune, Aurangabad, Vasai, Dhule, Jalgaon and Sangli, to name a few; while it has also constructed several commercial projects in Mumbai, Sangli and Kolhapur.
Currently, MRPCL is engaged in designing, building and marketing of its several residential and commercial projects in Nashik and Sangali. Some of these key projects are:
- Maitreya Greens – It is the first ever IGBC Gold pre-certified green project in Nashik. Spread across 10 acres of lush green land, of which only 40 percent would be developed into 6 residential towers. Comprises of Ground plus 14 floors, these towers are constructed in a complete eco-friendly manner.
- Maitreya Pandav Van – Located beside famous Pandav Caves, Pandav Van is a 40 Exclusive 2 BHK Twin-bungalows Scheme. Each bungalow comes with a private garden, car parking, balconies and terraces, planned in a way that it ensures full privacy and at the same time offers lot of open space.
- Maitreya Sankul – Located amidst lush green landscape of Pathardi, Maitreya Sankul is a residential project that comprise of 6 storey buildings offerings 2 BHK spacious flats that easily fits into the budget of middle-income families.
- Maitreya Sunrise – A perfect combination of commercial and residential units, Maitreya Sunrise consists of 62 residential apartments, 39 shops and 10 godowns. This finest complex is constructed at a prime location in Sangli which is well connected to railway station and bus stand. For further information, please visit maitreyarealtors.com.
Varsha Satpalkar is the Chairperson and Managing Director of Maitreya Group of Companies. She took over the reins of the company following the untimely demise of her husband Madhusudhan Satpalkar in 2003.
Maitreya Group of Companies was started in 1998 by Madhusudhan Satpalkar with the goal of creating and generating employment opportunities and raising the standard of living of the people in Maharashtra. The company has its presence in more than nine states across India through its group companies Maitreya Plotters and Structures, Maitreya Realtors, Maitreya Mega net, Maitreya Hotels and Resorts, Maitreya Assurance and Maitreya Mass Communications.
Even as she dealt with a severe personal loss, Varsha had the whole business to look after and many of her late husband’s dreams to fulfill. Hitherto new to the nitty-gritty of the industry, Varsha, a commerce graduate, threw herself into the group’s various projects, most of them in the early stages since Madhusudhan Satpalkar had just started them. Madhusudhan Satpalkar had started the group’s new project – a resort called ‘Mamacha Gaon’ in Boisar near Mumbai’s. He died soon after the foundation stone was laid in October 2003. Varsha’s grit ensured that the resort opened to public in December 2003 — barely two months after Madhusudhan Satpalkar’s death. Even as she cut her teeth as a decision maker and leader, within a short span, Varsha turned Maitreya Group of Companies into a success story with its eclectic list of businesses. She completed work on Hotel Maitreya’s in Jalgaon — another unfinished project — that went on to become one of the first three star hotels in the whole of Khandesh.
Among the several defining moments for Maitreya, Varsha also strived to establish brand ‘Maitreya’ in the realty sector. She began by tapping the market in areas like Virar, Vasai, Jalgaon, and Sangli and successfully completed several projects there. Soon, she scaled up the business with bigger projects in Pune, Aurangabad, Baroda, Dhule, Nashik, Mumbai and Kolhapur too. Recently, she also launched Maitreya Mass Media Pvt. Ltd. that would be involved in production of films and documentaries as well as their distribution. Maitreya Mass Media’s first full length feature film ‘ Tapaal ’ is not only ready but it is selected for the world premiere in Busan international film festival, to be held in Oct in Busan in S. Korea. Mass media team is also working on a few short films and ad films. Maitreya recently started a new company, Maitreya Rural Growth Venture Pvt Ltd,[MRGV]
Maitreya Rural Growth Venture Pvt ltd. [MRGV] is committed to strengthen social entrepreneurs and help them provide livelihood to people based in villages. Right now MRGV is supporting a rural BPO in Wani, in underdeveloped Vidarbha region of Maharashtra, it has invested in native CONBAK and is working with them to set up bamboo production units for rural communities across the country. MRGV is also supporting network of micro entrepreneurs in Konkan, under the hedges of Konkan Nisarg Manch—KONIM, who process neglected fruits in Konkan belt. MRGV helped them launch their brand, Sindhusfurti in Global Konkan exhibition, recently held in Mumbai. She is also the chairperson of KONIM [ Konkan Nisarg Manch ] , a organization, which is working for upliftment of poor farmers in Konkan. Despite having no formal training in handling the business, what Varsha had going for her was the hunger to learn new things and an indomitable spirit.
While managing a successful business, Varsha also takes time out to personally look into the work of Maitreya Foundation — the Group’s philanthropic wing that has been doing extensive social work all across Maharashtra. Foundation also did a commendable work recently in Uttarakhand, when it was devastated by flash floods. At 40 plus, Varsha, now an astute entrepreneur knows how to get the best from her team and is the driving force behind Maitreya. She has won several accolades for her exemplary work as an entrepreneur. She has been honored with several awards including the Hirkani Puraskar, Udyog Vibhushan Samman Award initiated by the Indian Organization of Commerce and Industries, Pride of India Award by All India National Unity Council, DSK self made man award by DSK Group of companies and a very prestigious award Chanakya Puraskar given by public relations council of India.
In a free-wheeling chat with Jayashankar Menon, Pankaj Srivastava shares his insight on the growth of Maitreya Realtors and going forward, how the company is poised towards becoming a leading real estate brand in the country.
JM: Can you talk about Maitreya Realtors and its contribution to the construction and real estate space?
PS: Maitreya Realtors & Constructions Pvt Ltd. (MRCPL), the construction arm of the Maitreya Group of Companies, started in 1998 is a real estate company engaged in the business of commercial, residential and retail projects. The company focuses on construction and development of real estate properties across the states of Maharashtra and Gujarat. It is recognized for its quality, sustainable projects, transparent deals, timely delivery and services for all income groups.
JM: What was the apparent reason for adapting the sustainable development route?
PS: Maitreya Greens is first ever IGBC Gold pre-certified project in Nashik, located on Pathardi road, one of the fastest developing areas of Nashik, just 1.5 km off main Mumbai. Maitreya Greens is totally eco-friendly, which helps in energy conservation and cost efficiency. It offers all the luxuries of life without compromising with the health of the environment. By combining the best of nature in the form of water, energy, air, greenery, and open area, Maitreya Greens promises to provide a serene life to its residents.
JM: What are the new projects in pipeline and the subsequent market expansion plans?
PS: The new initiatives would be centered around focusing on affordable and sustainable development.
JM: What are the potential for financial-growth can one see in this sector?
PS: The returns in the real estate sector are high provided, the projects are planned well and the approvals sanctions come in time.
JM: What are the typical sector led challenges and what are your market expectations?
PS: Challenges are getting the sanctions and approval from multiple agencies and statutory bodies and the time for getting the approvals at various stages in the life cycle of the project.