From Surface Engineering to Skyline Development: Vijay Raundal’s Real Estate Journey

Success stories in real estate often begin with large capital, influential networks, or inherited businesses. But the story of the Teerth Realties Owner, Mr. Vijay Raundal, is different. It begins in 1986 with just two marble polishing machines, a 17-year-old entrepreneur, and an unwavering belief in discipline and hard work.

Today, Vijay Raundal Teerth stands as a respected name in Pune’s real estate industry, having delivered millions of square feet across residential, commercial, and institutional projects. His journey from small-scale machinery rentals to leading Teerth Realties reflects not just business growth but vision, foresight, and resilience.

Humble Beginnings: The Foundation of a Vision

At an age when most teenagers are still deciding their career paths, Vijay Raundal had already stepped into entrepreneurship. Starting with marble polishing machine rentals, he learned the importance of customer trust, operational discipline, and timely delivery.

This early exposure to construction sites helped him understand the ground realities of building materials, labour management, and execution timelines. It was not just a business, it was hands-on training in the construction ecosystem.

By 1988, he expanded into earthmoving and heavy machinery hiring. Soon after, he began executing Public Works Department (PWD) and irrigation contracts across Maharashtra, Karnataka, and Goa. Through these infrastructure projects, Raundal built strong technical expertise and valuable institutional relationships.

This phase shaped his long-term mindset: real estate is not only about selling property but also about engineering excellence and regulatory understanding.

Strategic Land Investments: Seeing the Future Early

In the early 1990s, when western Pune was still developing, Vijay Raundal began acquiring land strategically. Areas like Baner, Sus, and Balewadi were not prime real estate destinations at that time. However, his understanding of infrastructure growth and urban expansion allowed him to see their potential.

This foresight laid the foundation for the eventual formation of Teerth Realties in 2008. The transition from infrastructure contractor to real estate developer was a natural evolution backed by decades of execution experience and land banking strategy.

Unlike speculative developers, Raundal’s approach was calculated. He believed in acquiring land with long-term appreciation potential and developing projects aligned with employment hubs, connectivity improvements, and lifestyle demand.

The Birth of Teerth Realties

When Teerth Realties Pune was officially established, it carried forward the discipline of infrastructure contracting into real estate development. The company began delivering premium residential projects, commercial IT spaces, and educational campuses in western Pune.

Projects such as Teerth Technospace emerged as strong commercial landmarks, attracting IT and corporate tenants. Over time, the company expanded into co-working spaces, integrated residential communities, and mixed-use developments.

Today, Teerth Realties has delivered over 3 million square feet, with millions more under development. The growth has been steady, compliance-driven, and customer-focused.

Leadership Built on Discipline and Integrity

What sets Vijay Raundal apart is not just project scale but also his leadership philosophy. As the owner of Teerth Realties, Vijay Raundal believes in:

• Ethical business practices

• Zero-litigation operations

• Transparent customer dealings

• Financial prudence

• Long-term asset value creation

In an industry often criticised for delays and disputes, maintaining trust becomes a competitive advantage. Raundal’s infrastructure background ensures attention to structural quality and execution timelines.

He often emphasizes that continuous learning and discipline can outperform formal education alone. His leadership style is grounded, hands-on, and relationship-driven.

Expansion into Grade-A Commercial and Future Projects

As Pune’s IT sector expanded, demand for Grade-A commercial spaces increased. Teerth Realties responded with large-format office developments positioned near metro connectivity and major highways.

The company is now expanding into integrated townships, assisted living facilities, exhibition centers, and large-scale mixed-use commercial hubs. The focus remains on sustainable growth, integration, and occupier-centric planning.

This forward-looking strategy positions Teerth Realties as more than just a residential developer. It is evolving into a diversified real estate enterprise.

Social Responsibility and Community Building

Beyond real estate metrics, Vijay Raundal has embedded social responsibility into the company’s DNA. Teerth Realties has organized blood donation camps and tree plantation drives and supported schools, hospitals, and sports initiatives.

During COVID-19, when sports facilities were shut, Teerth opened its private cricket grounds to athletes. This gesture reinforced the belief that businesses must support communities during challenging times.

The company’s CSR initiatives reflect a larger philosophy: build lifestyles, not just properties.

The Next Generation and Institutional Growth

With Abhi Raundal joining leadership in 2017, Teerth Realties embraced modernization. Digital transformation, structured compliance systems, and marketing optimization have strengthened operational frameworks.

The combination of Vijay Raundal’s experience and next-generation innovation ensures sustainable expansion into Navi Mumbai and other high-growth corridors.

Conclusion

Vijay Raundal’s journey from two polishing machines to million-square-foot developments is a testament to patience, planning, and perseverance. His story resonates with aspiring entrepreneurs who believe that consistent effort and ethical conduct can build lasting success.

As Pune continues to evolve into a major economic hub, leaders like Vijay Raundal play a vital role in shaping its skyline responsibly. His blueprint remains simple yet powerful: build with integrity, invest with foresight, and nurture communities alongside growth.

The story of the owner of Teerth Realties, Vijay Raundal, is not just about real estate. It is about resilience, vision, and long-term value creation.

Frequently Asked Questions (FAQs)

1. Who is Vijay Raundal In Pune?

Vijay Raundal is the founder and MD of Teerth Realties, a Pune-based real estate development company with over three decades of infrastructure and construction experience.

2. What is Teerth Realties known for?

Teerth Realties is known for premium residential complexes, Grade-A commercial spaces, IT parks, and institutional developments primarily in western Pune.

3. How did Vijay Raundal start his career?

He began in 1986 by renting marble polishing machines, later expanding into earthmoving, heavy machinery hiring, and government infrastructure contracts.

4. What makes Teerth Realties different from other developers?

The company emphasizes regulatory compliance, ethical practices, disciplined execution, and long-term land banking strategies.

5. What are the future plans of Teerth Realties?

Teerth Realties is expanding into integrated townships, assisted living projects, commercial hubs, and mixed-use developments across Pune and Navi Mumbai.