loader image

About Us

Ruchira Group

Our Vision

Guided by an IIT-Kanpur alumni, Ruchira Group has a mission of revolutionizing the real estate sector. Mr Rajeev Kumar Gupta, left his Central Government job in the Ministry of Telecommunications and founded Ruchira Group in 2004. The group is dedicated to creating maximum value for its stakeholders. Call to find out what happens when an IIT Kanpur Electrical Engineering alumni steps in the real estate world. To achieve this, the group leverages cutting edge technology, innovative thinking based breakthrough development and process approach and competence of best in class suppliers, partners and technology providers.

About Ruchira Group

Ruchira Group is a fingerprint of the discerning visionary behind its inception. The Founding Principle of Ruchira Group manifests the quintessential 21st Century technologically advanced lifestyle & relentlessly aspires to deliver maximum value to all its stakeholders. In constant pursuit of transforming the Indian real estate sector and pioneering into the new era beyond innovation, Mr Rajeev Kumar Gupta (Chairman/Managing Director) spearheads the ISO 9001:2015 company into the future. Mr Rajeev Kumar Gupta stepped into the Real Estate Sector by becoming the founder of Ruchira Group in 2004 after leaving the esteemed position in the Central Government Ministry of Telecommunications. Keeping supreme satisfaction of its clientèle at the core of its existence, Ruchira Group perceptively leverages state-of-the-art ultramodern technology, innovation and forward-thinking to make breakthrough developments. The group judiciously processes the approach and competence of best in class suppliers, partners and technology providers to always provide the top-notch blend of affordable luxury and sustainability responsively, thereby enhancing the lives of the people associated with the group.

Our Investor

Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects. On November 06, 2019, the Honourable Finance Minister announced that the Union Cabinet has cleared a proposal to set up a ‘Special Window’ in the form of AIF to provide priority debt financing for the completion of stalled housing projects. SBICAP Ventures would be the Investment Manager to the first AIF set-up under this special window. Several real estate projects have suffered due to a combined effect of two changes in the real estate sector. On one hand, incremental launches and slow sales have increased unsold inventory in each project while that effect has then got compounded by the fact that consumer preference is now towards completed projects rather than under construction projects. This preference has developed as consumers are largely avoiding taking project completion risk and instead are more inclined to completed projects. In our market study, it has been estimated that, in the stalled category, there are about 4.58 lakh housing units and the aggregate funding required to complete the stalled projects is INR 55,000cr. SWAMIH Investment Fund I has been formed to complete construction of stalled, brownfield, RERA registered residential developments that are in the affordable housing / mid-income category, are networth positive and requires last mile funding to complete construction. It has a target corpus of INR 12,500cr with a greenshoe option of INR 12,500cr. The Sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India. The Investment Manager of the Fund is SBICAP Ventures Ltd., an asset management company that is a wholly owned subsidiary of SBI Capital Markets Ltd which in turn is a wholly owned subsidiary of the State Bank of India.

Our Partners

Compare listings

Compare