Ravi Naraboyina
Founder & Managing Partner
Known as India's Silicon Valley and one of the fastest-growing cities in Asia, Bengaluru is currently experiencing a significant transformation in its real estate market. Bengaluru's population has dramatically increased in recent years, creating an unprecedented demand for housing. Rapid urbanization and this demographic shift have fueled the construction of multiple residential projects throughout the city, paving the way for an enormous demand and opportunities in the real estate market.
Residential under-construction projects like Srikara Urban Park play a vital role in addressing this demand, contributing to the development of modern infrastructure and improved living standards. These projects offer residents better connectivity, access to essential amenities, and an enhanced quality of life. By prioritizing quality construction, sustainability, and innovative design, the project is redefining the urban living experience, shaping the city's future growth, and creating employment opportunities that boost the local economy.
Luxury Living in the Heart of Electronic City
Srikara Urban Park, an epitome of luxury living, is a premier residential complex nestled in Electronic City Phase One. This coveted address boasts 250 thoughtfully designed units, carefully crafted to provide the ultimate living experience. Strategically located in the heart of this thriving IT hub, the project offers unparalleled convenience. Top IT companies and key malls are within walking distance, all within a 1 kilometer radius. The project features an exquisite range of 2 BHK, 2.5 BHK, and 3 BHK units, priced from ₹70 lakhs to ₹1 crore. With RERA and BDA approvals in place, one can invest with confidence.
Srikara Structures, the developer behind this iconic project, has a rich legacy of excellence. Founded in 2007 by Ravi Naraboyina and Krishna Kiran Yadavalli, the firm has completed 25 projects over 15 years. With expertise in construction and sales, the company ensures uncompromising quality through in-house management. Delivering excellence and innovation in real estate, the firm has earned a reputation for trust, reliability, and customer satisfaction.
A Legacy of Timely Delivery and Excellence
With a proven track record of delivering projects on time and to exceptional standards, Srikara Structures has established itself as a trusted name in Bengaluru's real estate landscape. Notable projects, such as Srikara Abode, Sreevaru Heights, Celebrity Srivaru’s, Srivasine’s, Srivaasa’s, Infra Heights, and Srikara Vassas’s, demonstrate the firm's commitment to quality and timely completion.
The company's flagship project, Srikara Urban Park, is currently underway, with construction commencing three years ago. Ahead of schedule, the project has achieved significant milestones, including 70 percent of construction completed, including the superstructure, with a targeted completion date of December 2025. Its sales performance is equally impressive, with 80 percent of units sold. The project stands out in Bengaluru's competitive real estate market for its timely execution, robust design, and high customer demand.
Managing Cost Fluctuations
Executing large-scale projects like Srikara Urban Park comes with its share of challenges. One of the most significant hurdles has been managing cost fluctuations over time. Rising material costs have put pressure on the project's budget, particularly for units pre-booked at lower price points. For instance, units pre-booked three years ago for ₹50 lakhs were estimated based on lower material costs. Despite the significant increase in material costs since then, the
company has remained committed to delivering the promised quality, fittings, and materials at the original pricing levels. To navigate these challenges, the team has strategically adjusted sales prices while maintaining a competitive market position. This dedication to quality has preserved the company's strong reputation and sustained customer trust, demonstrating its unwavering commitment to excellence.
Embracing Sustainability and Innovation
At Srikara Urban Park, sustainability and environmental concerns are at the forefront of its design philosophy. Its dedicated architectural team, comprising in-house experts and external consultants, crafts innovative and eco-friendly solutions that cater to modern demands and evolving market trends. In response to the shift towards remote work during the pandemic, it introduced 2.5 BHK layouts, incorporating a dedicated workspace within the home. This design innovation proved highly successful, with all units selling out within five to six months.
The project’s commitment to quality and sustainability is evident in its choice of materials, including waterproof doors for enhanced durability, upgraded sanitary fittings for improved hygiene and comfort, and energy efficient materials to minimize environmental impact. By integrating sustainable practices and innovative design, the project sets a new standard for eco-friendly urban development, enhancing the quality of life for the residents while minimizing its ecological footprint.
Core Competency
The success of Srikara Urban Park can be attributed to its highly qualified and experienced team. In the construction industry, a combination of academic credentials and practical experience is essential. While theoretical knowledge provides a foundation, it is the expertise gained through real-world execution that truly drives success.
The team excels in combining technical skills with deep industry experience, ensuring efficient project delivery and adherence to client commitments. Its key strengths, which include technical expertise like M.Tech. and B.Tech. qualifications, ensure a strong foundation in construction and engineering. Practical experience like hands-on experience in project execution enables the team to navigate complex challenges and deliver results. Timeline management, in which the team is well-trained in managing timelines, ensuring projects are completed on schedule. A commitment to maintaining quality standards ensures that projects meet and exceed client expectations. This blend of expertise and dedication has been pivotal in achieving project milestones successfully, solidifying the company’s reputation as a trusted and reliable developer.
Delivering Satisfaction through Continuous Improvement
Srikara Structures prioritizes customer feedback, integrating it into its development process to ensure continuous improvement and satisfaction. Over the years, its team has proactively implemented upgrades based on customer suggestions, demonstrating its commitment to meet evolving expectations and market trends. Examples of customer-driven enhancements like upgrading from aluminum doors to modern UPVC doors, reflecting its responsiveness to changing customer preferences. To maintain competitive quality standards, the firm offers premium fittings and features, including high-grade sanitary and safety fixtures and superior painting finishes. Notably, the firm medium-rise buildings, priced at ₹70 lakhs, boast quality comparable to higher-end projects priced at ₹1.5 crores.
Srikara Structures is committed to delivering exceptional quality, which has earned the trust and loyalty of its customers. The company strike a seamless balance between quality and efficiency in every project, guaranteeing that its customers receive the best possible outcome. “Quality is at the forefront of everything we do. Our dedicated quality control and testing team, comprising professionally qualified experts, meticulously monitors every stage of construction. Through regular inspections, we ensure that our projects meet the most stringent industry standards”, says Ravi Naraboyina, Founder & Managing Partner, Srikara Structures.
Harnessing Technology for Enhanced Efficiency and Sustainability
Srikara Urban Park leverages practical technologies to optimize construction efficiency, sustainability, and precision. While the construction industry has been slower to adopt advanced technologies like AI, the firm ensures that its projects strictly adhere to the approved architectural designs and prospectus provided to clients. Its team guarantees a 100 percent alignment between the initial vision and the final output.
To achieve this, the firm employs cuttingedge construction techniques like operations for efficient material handling, ready-mix concrete for consistent quality, and advanced pumping systems for streamlined concrete placement. These innovations have significantly reduced construction timelines. Notably, slab casting is now completed in just six to seven hours, enhancing both efficiency and overall project timelines. By embracing technology and best practices, it delivers exceptional results while maintaining its high standards for quality and sustainability.
Vision for Growth and Innovation
As Srikara Urban Park continues to make its mark in Bengaluru's real estate landscape, the firm sets its sights on an exciting future. Its key goals include adapting to evolving market conditions, integrating emerging technologies to enhance customer experience, and expanding offerings to meet growing demand.
To stay ahead of the curve, the project plans to incorporate AI tools in its design processes. This will enable customers to experience immersive virtual walkthroughs of apartments before construction begins. Over the next few years, the firm aims to implement these advancements, driving growth and expansion in Bengaluru.
With 1,200 apartments already completed in the Electronic City area, Srikara Urban Park targets reaching 2,000 apartments within two years. This strategic growth will be fuelled by embracing new technologies and delivering high-quality projects that meet evolving customer demands.
Embracing Sustainability and Innovation
At Srikara Urban Park, sustainability and environmental concerns are at the forefront of its design philosophy. Its dedicated architectural team, comprising in-house experts and external consultants, crafts innovative and eco-friendly solutions that cater to modern demands and evolving market trends. In response to the shift towards remote work during the pandemic, it introduced 2.5 BHK layouts, incorporating a dedicated workspace within the home. This design innovation proved highly successful, with all units selling out within five to six months.
The project’s commitment to quality and sustainability is evident in its choice of materials, including waterproof doors for enhanced durability, upgraded sanitary fittings for improved hygiene and comfort, and energy efficient materials to minimize environmental impact. By integrating sustainable practices and innovative design, the project sets a new standard for eco-friendly urban development, enhancing the quality of life for the residents while minimizing its ecological footprint.
Srikara Urban Park takes sustainability and environmental concerns seriously, incorporating thoughtful and innovative ecofriendly initiatives into its projects
Core Competency
The success of Srikara Urban Park can be attributed to its highly qualified and experienced team. In the construction industry, a combination of academic credentials and practical experience is essential. While theoretical knowledge provides a foundation, it is the expertise gained through real-world execution that truly drives success.
The team excels in combining technical skills with deep industry experience, ensuring efficient project delivery and adherence to client commitments. Its key strengths, which include technical expertise like M.Tech. and B.Tech. qualifications, ensure a strong foundation in construction and engineering. Practical experience like hands-on experience in project execution enables the team to navigate complex challenges and deliver results. Timeline management, in which the team is well-trained in managing timelines, ensuring projects are completed on schedule. A commitment to maintaining quality standards ensures that projects meet and exceed client expectations. This blend of expertise and dedication has been pivotal in achieving project milestones successfully, solidifying the company’s reputation as a trusted and reliable developer.
Delivering Satisfaction through Continuous Improvement
Srikara Structures prioritizes customer feedback, integrating it into its development process to ensure continuous improvement and satisfaction. Over the years, its team has proactively implemented upgrades based on customer suggestions, demonstrating its commitment to meet evolving expectations and market trends. Examples of customer-driven enhancements like upgrading from aluminum doors to modern UPVC doors, reflecting its responsiveness to changing customer preferences. To maintain competitive quality standards, the firm offers premium fittings and features, including high-grade sanitary and safety fixtures and superior painting finishes. Notably, the firm medium-rise buildings, priced at ₹70 lakhs, boast quality comparable to higher-end projects priced at ₹1.5 crores.
Srikara Structures is committed to delivering exceptional quality, which has earned the trust and loyalty of its customers. The company strike a seamless balance between quality and efficiency in every project, guaranteeing that its customers receive the best possible outcome. “Quality is at the forefront of everything we do. Our dedicated quality control and testing team, comprising professionally qualified experts, meticulously monitors every stage of construction. Through regular inspections, we ensure that our projects meet the most stringent industry standards”, says Ravi Naraboyina, Founder & Managing Partner, Srikara Structures.
Harnessing Technology for Enhanced Efficiency and Sustainability
Srikara Urban Park leverages practical technologies to optimize construction efficiency, sustainability, and precision. While the construction industry has been slower to adopt advanced technologies like AI, the firm ensures that its projects strictly adhere to the approved architectural designs and prospectus provided to clients. Its team guarantees a 100 percent alignment between the initial vision and the final output.
To achieve this, the firm employs cuttingedge construction techniques like operations for efficient material handling, ready-mix concrete for consistent quality, and advanced pumping systems for streamlined concrete placement. These innovations have significantly reduced construction timelines. Notably, slab casting is now completed in just six to seven hours, enhancing both efficiency and overall project timelines. By embracing technology and best practices, it delivers exceptional results while maintaining its high standards for quality and sustainability.
Vision for Growth and Innovation
As Srikara Urban Park continues to make its mark in Bengaluru's real estate landscape, the firm sets its sights on an exciting future. Its key goals include adapting to evolving market conditions, integrating emerging technologies to enhance customer experience, and expanding offerings to meet growing demand.
To stay ahead of the curve, the project plans to incorporate AI tools in its design processes. This will enable customers to experience immersive virtual walkthroughs of apartments before construction begins. Over the next few years, the firm aims to implement these advancements, driving growth and expansion in Bengaluru.
With 1,200 apartments already completed in the Electronic City area, Srikara Urban Park targets reaching 2,000 apartments within two years. This strategic growth will be fuelled by embracing new technologies and delivering high-quality projects that meet evolving customer demands.
