Alembic Real Estate

Alembic Real Estate (part of the Alembic Group) is a developer focused on integrated, sustainable townships and premium residential and commercial projects across Vadodara and Bangalore. Led by Chairman & MD Chirayu R. Amin with senior leadership including Malika C. Amin and Udit C. Amin, the company leverages the Group's long legacy and institutional backing. Signature developments include Alembic City (Vadodara & Whitefield), LEED-certified Business Park East, and premium residences such as Veda II, Kiara, Cloud Forest and Urban Forest. The developer emphasizes green design, community well‑being and financially conservative operations.

Alembic Real Estate was established in 2009 as the real‑estate arm of the century‑old Alembic Group (Group founded 1907). Since launch it has progressed from individual office and workplace conversions to large integrated townships and mixed‑use developments, with projects launched/resumed across 2010s–2020s (e.g., Veda II launched 2019, Alembic City ongoing). The Group’s heritage and continuous project pipeline show steady expansion over ~16 years in real estate backed by a 118‑year-old corporate parent.

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Developer Projects

The portfolio spans large integrated townships, premium and luxury residential (2–5 BHK, duplexes, high‑end 4 BHK homes), sustainable commercial workplaces and mixed‑use retail/arts precincts. Projects are concentrated in Vadodara and Whitefield (Bangalore), range from ready‑to‑move gated communities (Urban Forest) to long‑gestation masterplans (Alembic City, Cloud Forest), and stress green design, high amenities and LEED/sustainability credentials.

Veda IIResidential Community | Apartment

CanalNizampura-ChhaniVadodara

Shangri LaResidential Community | Apartment

Vadodara

SamsaraResidential Community | Apartment

Vadodara

Urban ForestResidential Community | Apartment

KadugodiWhitefieldBangalore

Cloud ForestResidential Community | Apartment

KadugodiWhitefieldBangalore

The Gardens IIResidential Community | Apartment

AlembicVadodara

KiaraResidential Community | Apartment

Nizampura-ChhaniTPCanalVadodara

Art DistrictMixed-Use

Vadodara

Business Park EastCommercial

Vadodara

Business Park WestCommercial

Vadodara

FAQ

Who are the owners ?

Chirayu R. Amin — Chairman & Managing Director (B.A., Maharaja Sayajirao University of Baroda; MBA, Seton Hall). With the Group since 1983; senior roles across Alembic Group and Alembic Pharmaceuticals.
Malika C. Amin — Managing Director (Master of Arts); Non‑Executive Non‑Independent Director of Alembic Real Estate/Alembic Group.
Udit C. Amin — Director & President – Operations.
Other board / senior directors: Milin Mehta (Non‑Executive Independent Director), C.P. Buch (Non‑Executive Independent Director), R.C. Saxena (Non‑Executive Independent Director), Abhijit Joshi (Non‑Executive Non‑Independent), Sameer Khera (Non‑Executive Independent Director).

Note: Alembic Real Estate is part of the larger Alembic Group (flagship Alembic Pharmaceuticals).

When was the company founded ?

Alembic Real Estate: Founded in 2009 (real‑estate arm of Alembic Group) — ~16 years in real‑estate development as of 2025.
Alembic Group (parent): Established 1907 — over 118 years of corporate history and industrial experience.

Is this a public company ?

Yes. The Alembic Group (listed entity) trades on the NSE as ALEMBICLTD.
Key financial identifiers & metrics:
- Market Capitalization: ~₹2,558 Crore
- ISIN: INE426A01027; FIGI: BBG000CN10L0
- Credit ratings: ICRA [ICRA]AA- (Stable); CRISIL AA+/Stable (Alembic Pharmaceuticals reference)
- FY2024‑25 highlights: Operating Income ~₹280.6 Cr; PAT ~₹141.9 Cr; Net cash flow (Mar 2025) ~₹86 Cr; OPBDIT/OI ~55.5%; PAT/OI ~50.6%; Total debt/OPBDIT ~0.1; Interest coverage ~85x

These figures point to a publicly reported, well‑capitalized group with low financial leverage and positive cash flow generation.

Which are the builder's popular projects ?

Alembic City (Vadodara): 100+ acre integrated township with residential, 1M+ sq.ft. commercial space, landscaped retreats, flexible workplaces and sports/recreation; flagship masterplan.
Alembic City (Whitefield, Bangalore): ~90‑acre integrated township in Whitefield — includes Cloud Forest and Urban Forest residential projects and mixed‑use components.
Cloud Forest (Whitefield, Bangalore): Large residential project (2–4 BHK and 3.5 BHK options) with central landscaped garden, agrihood/solar rooftop gardens, extensive amenities; expected completion from Q3 2029 onwards.
Urban Forest (Kadugodi, Whitefield): Ready‑to‑move, amenity‑rich project with large apartments, 70% open area and resort‑style club facilities.
Veda II (Vadodara): 2 & 3 BHK apartments, gated community amenities; launched June 2019, possession started June 2024.
Kiara (Vadodara): Luxury 4 BHKs (2014–2170 sq.ft.), only two units per floor, exclusive 21st‑floor clubhouse, possession Mar 2025.
Business Park East (Vadodara): LEED Gold certified commercial campus — sustainable office workplace and a credibility landmark.
Samsara, The Gardens II, Art District: Premium/unique offerings (5 BHK luxury residences, low‑density duplex living, and a mixed‑use arts & retail precinct respectively) that reflect the company’s emphasis on design, community and cultural amenities.

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