This Next-Gen Real Estate Developer Is Building City-Centric Assets Vista Spaces has delivered 26 projects so far. With a commercial portfolio of over 2 million sqft, the company sold apartments worth over Rs 500 crore

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Entrepreneur India

Blenders Pride Reserve Collection presented Entrepreneur India's 35Under35 2020 list which included some leading names from the field of entrepreneurship and Raghuveer Veeramachaneni made it to the coveted list.

In his experiences of working as an investment banker with PwC and then in Real Estate Private Equity, Raghuveer realized that the largest investment made by an Indian household was towards buying a home and most households felt very insecure with their developer selection. With an MBA from Indian School of Business, Hyderabad, Raghuveer along with Praveen Kumar, saw an opportunity to build a blue chip real estate development company focused on transparency, professionalism and reliability.

Vista Spaces has a comprehensive ecosystem of execution partners (contractor, PMC, architect) that ensures its buildings are completed on time, without any cost over-runs and are of excellent quality. The company has delivered 26 projects so far. "We've sold apartments worth over Rs 500 crore and our commercial portfolio is over 2 million sq. ft," he shares.

2019 was a tough year for the industry but a breakthrough year for Vista Spaces. The NBFC crisis and the subsequent contraction of credit available to developers led to severe stress in the industry. "Since we have a great track record with our investors, we were able to take advantage of the market environment to find acquisition opportunities at the right value," Raghuveer shares.

The company has committed capital of over Rs 700 crore at the project level. He says, "Given that real estate is a capital intensive industry, we will continually raise money and create value for our investors. We view the current economic environment and in specific this current real estate macroeconomic environment as the trigger to our next phase of growth."

(This article was first published in the February 2020 issue of Entrepreneur Magazine. To subscribe, click here)

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Leadership

Doing Well by Doing Good — How Purpose-Driven Entrepreneurs Are Changing the World

Exploring the transformative impact of mission-driven business leadership.

News and Trends

Padma Awards 2025: Indian Gov Gives a Round of Applause to Tech Figureheads

While previous editions of one of the country's highest civilian Awards have largely recognised contributions to computing, semiconductors, and machine learning, this year saw AI and deep tech gain widespread acknowledgement.

Business Ideas

87 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

News and Trends

India Witnesses a Surge in Cyberattacks, Healthcare Sector Most Targeted: Report

The increasing use of GenAI tools has further amplified these threats through disinformation campaigns, deepfake videos, and targeted phishing schemes