Mangaluru: “Sapling Properties & Facilities Private Limited, Mangaluru, a subsidiary of Sapling Multi Ventures Private Limited, Mumbai is all set to mark its stamp on the real-estate landscape of Mangaluru through its two business verticals: Property Development, and Integrated Facilities Management,” said the Sapling Multi Ventures Private Limited Business Advisor Valerian Dalmaida during the press meet held at Hotel Ocean Pearl, Bejai Kapikad here on Friday February 17.
Addressing the mediapersons Dalmaida said that the Company’s first development – Sunshine Sapling, a mixed-use building of 42,000 Square Feet – is all set for its groundbreaking ceremony. Located in Bajpe town, Sunshine Sapling is within 5 kms of Mangaluru International Airport and just a 30-minute drive from Mangaluru City. The Complex has a Basement, Ground and 4 residential upper floors each of which has 5 apartments of 1BHK, 2BHK and 3BHK to suit all budgets. The basement provides exclusive parking for the residences.
The commercial part of this development fronts the State Highway. It has 2 retail outlets of 1,185 sqft on the ground and first floor, and 2 retail outlets of 1,585 sqft on the second, third and fourth floors each. The retail outlets are suitable for supermarkets, gyms, training institutes for dance, music and art, high-end spa and saloons, food joints, bakeries, eateries, and garments. They will be supported by the residents of the apartments and surroundings because location is ideal for both residence and commercial activity in an incrementing economic hub.
Groundbreaking ceremony for this unique project is schedule on Sunday February 19 at 10.30 am in the presence of Fr. Ronald Cutinha, Parish Priest, Bajpe, Pushparaj Jain, President CREDAI Mangalore, Umesh Moolya, President, Kandavara Gram Panchayat, Sowmya D., PDO, Kandavara Grama Panchayat and Prakash, Inspector, Bajpe Police Station. The Company’s MD, Pramila Crasta and Director Alwyn Crasta will also be present.
The Company has four verticals – Property Development, Integrated Facilities Management, Venture Capital, and Investments. Venture capitalists and Investments are operated from Mumbai. The venture has team who do stock market trades and also advisory service to stock market.
Property deyvelopment and Integrated Facility Management are operated from Mangaluru and registered at ROC Bengaluru.
The Integrated Facilities Management services include cleaning, fountains and water systems, landscaping, MEP, SSM-Critical and Non-Critical, pest control and civil under one roof. This is the first of its kind in Mangaluru for integrated services of this nature and is a boon for individual apartment owners, apartment buildings, builders, educational institutions, hospitals, hotels, and public and private offices. This facility management service is available in all digital platforms. Through this company wants to organise this unorganised sector.
Under property development, the company develops its own properties and won’t take up any project jointly.
In next 18 months company has visioned to create landbanks on the outskirts of Mangaluru. This is because company doesn’t want to pressurise city infrastructure. The another reason is develop outskirts of city where people can go to city in 30 to 40mins.
Sapling Properties & Facilities Private Limited, Mangaluru operates out of its offices on the 2nd Floor, Lotus Adithya, Bejai-Kapikad Road, Mangaluru which will be inaugurated the same day (February 19, 2023) at 4.30 pm in the presence of Fr. J. B. Saldanha, Parish Priest of Bejai Church, K. S. Arun Prabha, General Manager (Technical), Mangaluru Smart City Limited, Dr. L. Ravindran, President, Bangalore Chamber of Industry and Commerce (BCIC) and Jitendra Kottary, Partner, Lotus Properties.
Sapling’s tagline, “Business for Purpose”, is written with a purpose that is dictated by its vision: “to contribute to the socio-economic development and prosperity of the communities around it.” “To create growth and sustainable financial returns benefiting its employees, partners, stakeholders, people and communities by commitment, professionalism and passion.”
Another purpose of this tagline is to create employment opportunities because from many years people study here but go abroad for jobs. Our company aims to stop this and instead create same opportunity with equal pay and good growth opportunities.
Further he said, there are two things one is business and another NGO. Most people do business for profit. NGO is charitable activity, so sapling wants to do both. We want to make our employees and community life better.
We have to come out from greed culture to give culture. Also we have to come out from amass culture to distribute culture, so sapling will do social business.
Speaking about NRI’s he said, “NRIs won’t invest in Mangaluru unlike other cities. This is because of the fear due to lot of reasons such as corruption, and no transperancy. So sapling wants to give call to NRIs to come and invest here as this City as lot of investment opportunities. NRIs can invest here on digitalisation, start-ups and AI,” he said.
“Sapling wants to do better for Mangaluru. The founders of this company want to give back something to this City to create employment. Sapling is a zero debt company. We are not borrowing money from banks or third party. So that we can give affordable homes with good facility. We won’t compromise in regulations of local authority. We will follow all legal formalities,” he said.
“If any business wants to be successful it should have good business advisory with international explosure. The Company has a planned turnover of Rs. 200 Crore in the next 5 years through its 4 verticals.
The Project Manager of Sapling Multi Ventures Private Limited Dheeraj Mithra M. and Facility Manager Gururaj S. Rao were also present.
