Ashish Deora Future of Indian Real Estate

The Journey




Telecom: Ashish Deora started his journey through telecom. Early on, he quickly identified the gigabyte's versatility and convenience and was the first to install an optic fiber network in Mumbai. In a time where people were still stuck in the thick and inconvenient copper wires, Ashish rose above the standard and delivered excellence. Additionally, he implemented the very first Metro Area Network in the nation in collaboration with Cisco Systems. This proved to be one of the earliest forms of telecom infrastructure sharing.



Video On Demand: Ashish founded IOL Broadband, an early pioneer of India's video on demand market; in all likelihood, it was too early for its time. IOL Broadband had launched its video on demand and IPTV service at the beginning of 2003.



Aviation: The third stop on Ashishs journey was in aviation. He invested in SpiceJet (formerly ModiLuft), an early proponent of digital transformation in the air. SpiceJet introduced digital pricing and brought a perishable commodity of airline seats, directly and in real-time, to consumers.



Automotive components: Ashishs tactical thought process found him acquiring a manufacturing plant with intentions of producing automobile parts and plans to manufacture electric vehicles for the Indian market.



Renewable Energy : Later, Ashish was a trailblazer in the renewable energy market. He was part of one of the first companies to receive funding from the Jawaharlal Nehru Solar Association in the first phase.



Mining and Exploration: Ashish conquered a challenging feat when he entered one of the most brutal and most methodical industries, mining. In a sector that requires patient capital and scientific vigor, Ashish established a robust foothold with operations in East Africa and South America.



Real Estate: Currently, Ashish runs a thriving real estate company in the Mumbai Metropolitan Region. As one of the largest new-age real estate companies, Aurum has end-to-end capabilities from acquisition to design development, project management, leasing, sales, world-class hospitality, and the freshest technology engrained in the ecosystem in the form of PropTech.





Evolution

  1. Telecom

    1999

    In 1999, Ashish found IOL Telecom, the first company to develop and sell optic fiber in Mumbai. Airtel, Reliance Infocomm, and Power Grid Corporation of India were just some of this cutting-edge technology's consumers.

  2. Video on Demand

    2003

    In 2003, Ashish pioneered a futuristic video on demand and IPTV venture.

  3. Aviation

    2006

    In 2006, he invested in SpiceJet, a budget airline at the top of the industry today.

  4. Automotive Components

    2007

    In 2007, Ashish invested in Argentum Motors, the parent company of the then prevalent Daewoo Motors in India.

  5. Residential Real Estate

    2009

    In the early stages of 2009, the strong real estate leg of Aurum started with 7 Marine Drive (7MD), an ultra-luxurious residential skyscraper in the heart of South Mumbai. Ashish ability to connect macroeconomic principles of business to the consumer's microeconomic needs resulted in 7MD being a runaway success.

  6. Renewable Energy

    2011

    Later in 2009, Aurum co-incubated Renew Power, now the largest renewable energy IPP in India.

  7. Mining and Exploration

    2012

    In 2012, Aurum got into junior mining, exploring the African continent searching for gold and coal.

  8. Real Estate

    2014

    In 2014, Aurum acquired seven million square feet of a mixed-use project in Navi Mumbai from CapitaLand.

  9. Commercial Real Estate

    2015

    In 2015, Aurum launched top-tier commercial office spaces in Aurum Q Parc on Thane Belapur Road.

  10. Residential Real Estate

    2016

    In 2016, in Q Parc, Aurum launched Aurum Q Residences, a premium, luxurious brand of residential skyscrapers. To date, Q Residences hold the highest market share in Navi Mumbai.

  11. Commercial Real Estate.

    2018

    In 2018, Aurum delivered the first pre-certified LEED Platinum office buildings in Navi Mumbai. Ascendas Singbridge, a sovereign wealth fund in Singapore, bought 1.4 million square feet of commercial space in Q Parć for INR 930 Crores.

  12. Residential Real Estate

    2020

    In 2020, in Q Parc, Aurum launched Aurum Q Islands, residential, urban, and high-tech skyscrapers. Q Islands cuts commute times majorly by allowing a walk-to-work culture for residents who work at offices in and around the campus.



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Aurum House, Aurum Q Parc ,
Thane Belapur Road, Ghansoli, Navi Mumbai - 400710.
Maharashtra. India.

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