Uddhav Poddar - building his own legacy in the Indian real estate sector
Uddhav Poddar is a rising star in the real estate sector. A suave entrepreneur and an awardee of numerous achiever awards
At a time when many of the old names in the Indian Real Estate space are not in a healthy situation, Uddhav Poddar is carving out a name for himself in this space through his venture Bhumika Realty P Ltd., a company he named after his wife. Uddhav is a scion of the Poddar family and after his family separation, he was looking at starting a new business venture.
He then realized that although Real Estate was a big opportunity, there were very limited Real Estate Brands, and there was an evident lacuna between the expectations of the customers and the actual delivery on the ground. He also identified a large opportunity to develop world-class projects in the Tier 2 towns of India, which was ignored by the then top rung developers.
So with the noble thought of adding value to the real estate products being offered, Uddhav established his company to build quality retail, commercial, living, and hospitality spaces which will set a new benchmark in the industry. Taking inspiration from successful models of developed countries, Uddhav came up with his first project “Urban Square” in Udaipur. Having spent two precious years researching the product mix, he decided to develop Udaipur’s first Mixed-Use Development Project having a mix of Retail, Offices, Hospitality, Serviced Apartments, and Entertainment. The project was an immediate success soon after its launch. For the project, some of the world's best architects & consultants such as Bentel Associates from South Africa were engaged.
About Urban Square, Udaipur - The Largest Mall of Rajasthan
Spread over an area of 1.8 million square feet, the project includes office spaces, service apartments, a five-star hotel, and a worldclass shopping mall with leading global brands such as Shoppers Stop, Inox, Marks & Spencer, Tata Westside, Tata Zudio, Reliance Trends, Adidas, Puma, Asics, F-Bar, Holiday Inn, etc. already signed and many more under finalization. Many of the brands are entering this region for the first time.
Uddhav's impeccable understanding of the market helped him understand South Rajasthan's burgeoning demand for shopping and the need to reduce traveling hundreds of miles in search of good fashion labels and entertainment options. He also realized the burgeoning demand of domestic tourists coming to Udaipur and not finding a good international Hotel within their budget, as all the other hotels were only focusing on the high-end foreign tourists. The demand for the project from the retailers has been fantastic and even during lockdown the company has signed new leases and as regards the old agreements, the retailers have broadly remained committed to the existing commercial terms.
