Based in Kolkata, AWRY Real Estate LLP is becoming a unique player in the city’s commercial real estate space by developing underperforming and technically stressed sites into contemporary retail and business centers for popular national brands.
Founded in 2018 by Surinder Wadehra and Sunanda Ghosh, this company is based on the principle of redevelopment of technically stressed locations that involve revitalizing the unused capacity of aged properties, shell buildings, garages, and other urban areas in Kolkata.
While other real estate developers focus on investments in high-end developer’s inventory, AWRY Real Estate LLP relies on identifying lucrative properties with a great potential for commercial development and renovation through restructuring, updating facades, architecting, and technological solutions to rejuvenate existing infrastructure.
But perhaps what makes the story of these two founders truly interesting is the background behind their entrepreneurial collaboration. While both Surinder Wadehra and Sunanda Ghosh are longtime college friends, their joint entrepreneurial project stems from the same core philosophy that opportunities exist where no one else sees any. Starting from modest backgrounds in middle-class families, the two friends became a team with a clear vision and determination.
Additionally, co-founder Sunanda Ghosh has also been independently running the F&B venture Shakes & Waffle Co. since 2017, successfully operating across South Kolkata. Her experience in consumer-facing businesses further contributes to AWRY’s understanding of evolving retail and commercial space requirements.
That philosophy has gone on to become the backbone of AWRY’s business strategy as well. Rather than look at unattended urban real estate as liabilities, the company sees it as assets waiting to be repurposed into something of great value.
The firm has managed to collaborate with a number of reputable retail or service brands including Lenskart, Wow! Momo, Belgian Waffle Co, Reliance Jio, Cafe Coffee Day and also with private banks, cafes and high foot traffic retail shops amongst other telecom firms. Every property development project of AWRY is planned in accordance with what today’s commercial occupiers need in terms of accessibility, operations and aesthetics.
The firm’s biggest advantage in the market comes from their expertise in turning old and non-commercial properties into legally viable commercial ones. With acquisition models combined with development knowledge, they come up with highly profitable commercial properties.
As far as the future outlook is concerned, the aim for the founders is the creation of a more inclusive real estate ecosystem for retail investors. The long term vision includes the creation of a more curated investment opportunity that involves redevelopment, branded leases, rental income security, and prime location within an urban setting.
Looking ahead, AWRY Real Estate LLP plans to strategically procure land parcels across Kolkata’s emerging growth corridors, focusing on locations with strong future potential for urban residential and commercial developments. The company aims to expand its redevelopment-driven model while continuing to create scalable, ROI-focused investment opportunities aligned with the city’s evolving infrastructure landscape.
In times when urban infrastructure in many of the world’s cities is aging, AWRY Real Estate LLP has established its presence in such a way that it is no longer a simple developer but rather a force to revive the urban space in the right manner.
