Aarize

EXECUTIVE SUMMARY OF AARIZE

Aarize is an active Gurugram-focused real estate brand operated principally through Aarize Realtech LLP. The LLP was incorporated on 12 May 2023 and is led by designated partners Aman Sharma and Vipin Sharma. The founders previously co-founded Spaze Group and present Aarize as a continuation of their experience across commercial, retail and residential development.

Aarize's current portfolio is weighted towards commercial property in Gurugram. Aarize The Tessoro in Sector 114 is directly registered under Aarize Realtech LLP, while South Drive in Sector 69 is developed by Divya Buildcon Private Limited under a marketing and branding arrangement with Aarize. This counterparty distinction is central to buyer diligence.

KEY PERFORMANCE METRICS OF AARIZE

• Legal entity: Aarize Realtech LLP

• LLPIN: ACB-1333

• Incorporation date: 12 May 2023

• Status: Active limited liability partnership

• Designated partners: Aman Sharma and Vipin Sharma

• Headquarters: Spaze Boulevard 1, Sector 47, Sohna Road, Gurugram

• Primary geography: Gurugram, with expansion towards Karnal

• Current segments: Commercial retail, SCO plots, township and proposed residential development

• Direct RERA project: Aarize The Tessoro, Sector 114, Gurugram

• Branded project under another promoter: South Drive, Sector 69, Gurugram

• Current public revenue, profit, debt and cash data: Not publicly available

• Management legacy claim: More than 15 million sq. ft. delivered through the founders' earlier Spaze platform, not Aarize's own delivery record

IMPORTANT CAVEAT OF AARIZE

Aarize was established in 2023 and should not be credited automatically with the full historic delivery record of Spaze Group. Founder experience and brand history are different from Aarize Realtech LLP's own completed-project record. South Drive is branded and marketed by Aarize, but its disclosed licensee and developer is Divya Buildcon Private Limited. Buyers must verify the legal promoter and contractual seller for every project.

COMPANY OVERVIEW AND CORPORATE STRUCTURE OF AARIZE

Aarize Realtech LLP is registered under LLPIN ACB-1333 and conducts real estate activities. Current corporate summaries show Aman Sharma and Vipin Sharma as designated partners. Its project and corporate address is reported at 301-309, Spaze Boulevard 1, Sector 47, Sohna Road, Gurugram. The Tessoro is registered with Aarize Realtech LLP as collaborator and developer alongside individual landowners. South Drive is registered under Divya Buildcon Private Limited, which has a marketing and branding agreement with Aarize. The contract, RERA certificate and escrow entity determine buyer rights.

SISTER COMPANIES AND GROUP ENTITIES OF AARIZE

• Aarize Realtech LLP: Main operating entity and promoter-collaborator for The Tessoro.

• Aarize Township LLP: Related vehicle associated with township development.

• Divya Buildcon Private Limited: Independent legal promoter and developer of South Drive under an Aarize branding arrangement.

• Spaze Group entities: Earlier business platform associated with the founders, but legally separate from Aarize.

LEADERSHIP AND MANAGEMENT OF AARIZE

Vipin Sharma and Aman Sharma are the designated partners of Aarize Realtech LLP. The official company narrative states that they co-founded Spaze Group in 2005 and gained experience across IT parks, commercial, retail, residential and SCO projects before launching Aarize in 2023.

PROJECT PORTFOLIO ANALYSIS OF AARIZE

A. DELIVERED / OPERATIONAL LANDMARKS OF AARIZE

Aarize Realtech LLP has a short operating history, and no major completed development directly under the Aarize entity was identified. Projects delivered under the founders' earlier Spaze platform should be treated as prior promoter experience, not as delivery by Aarize Realtech LLP.

B. KEY ONGOING AND RECENTLY LAUNCHED PROJECTS OF AARIZE

Aarize The Tessoro, Sector 114, Gurugram: Commercial colony registered as GGM/875/607/2024/102, dated 7 October 2024. The Haryana RERA certificate records a 2.025-acre project, approximately 15,324 sq. m. of FAR area and 139 units. The registration currently lists completion for 28 February 2029. Aarize Realtech LLP is the collaborator and developer.

South Drive, Sector 69, Gurugram: Plotted commercial SCO development registered as GGM/778/510/2024/05. The disclosed area is approximately 2.10625 acres. Divya Buildcon Private Limited is the licensee and developer; Aarize participates through marketing and branding. Buyers contract with the legal entity named in their documents.

C. PIPELINE OF AARIZE

The official website presents Karnelya, a plotted township in Karnal, and discusses future residential, retail and township projects. Marketing partners also refer to possible Gurugram residential developments. These proposals should be treated as pipeline until RERA registration, licences, land control and launch documentation are verified.

FINANCIAL ANALYSIS OF AARIZE

• Total contribution obligation shown in a current corporate summary: Approximately Rs 10.15 crore.

• An older corporate listing showed a lower contribution figure, so current MCA filings should be checked.

• Revenue: Not publicly available.

• EBITDA and PAT: Not publicly available.

• Debt, cash and net worth: Not publicly available in sufficient detail.

• Project-level estimated cost and cash flows: Available through Haryana RERA filings for The Tessoro, but not equivalent to audited LLP-wide financial statements.

The entity is privately held and has limited public financial disclosure. Buyers should review lender charges, escrow statements, receivables and construction-cost certification at the project level.

CREDIT RATING AND LIQUIDITY OF AARIZE

No current public credit-rating rationale from a major Indian agency was located for Aarize Realtech LLP. The absence of a rating limits independent visibility into leverage and liquidity. Project-level RERA financial disclosures, bank charges and quarterly cash-flow certificates are more relevant than brand-level claims.

MARKET POSITION AND COMPETITIVE ANALYSIS OF AARIZE

Aarize targets premium commercial and retail property in Gurugram, particularly Dwarka Expressway and Southern Peripheral Road corridors. Its advantages include founder experience, design-led branding and locations within established catchments. It competes with M3M, Elan, AIPL and other Gurugram commercial developers.

REGULATORY COMPLIANCE AND LEGAL STATUS OF AARIZE

The Tessoro has an approved Haryana RERA registration. The authority's registration proceedings recorded an allegation concerning an earlier collaboration arrangement over the land. Aarize and the landowners stated that the earlier arrangement had been cancelled through a registered deed, and the authority subsequently approved the project. This procedural history should not be presented as a finding of wrongdoing, but buyers should verify title and collaboration documents.

The Haryana RERA list has also displayed a QPR-not-uploaded flag for The Tessoro at points in time. Buyers should check the current filing status. No major publicly available NCLT, ED, EOW or criminal proceeding directly against Aarize Realtech LLP was located, subject to independent verification.

CUSTOMER PERSPECTIVE OF AARIZE

Independent customer evidence is limited because Aarize is a young entity and its direct flagship is under construction. Public marketing emphasises design, location and retail experience, while buyers should focus on construction progress, leasing assumptions, maintenance, handover conditions and the distinction between assured marketing narratives and contractual commitments.

RISK ASSESSMENT OF AARIZE

A. OPERATIONAL RISKS OF AARIZE

• Limited direct delivery history under the Aarize entity.

• Execution risk on commercial projects scheduled through 2029.

• Dependence on landowners, collaborators and project-specific approvals.

B. FINANCIAL RISKS OF AARIZE

• Limited public financial disclosure.

• Commercial sales and leasing depend on market absorption.

• Project cash flow may be sensitive to construction and collection timing.

C. LEGAL AND GOVERNANCE RISKS OF AARIZE

• Brand, licensee and developer may differ by project.

• Land-title and collaboration history require independent review.

• Historical founder experience should not be confused with entity guarantees.

BEST PRACTICE FOR BUYERS OF AARIZE

• Verify the current Haryana RERA certificate and quarterly filings.

• Identify the exact promoter, licensee, landowner and contractual seller.

• Review title, collaboration deeds, licences and lender charges.

• Match layouts, FAR, unit use and amenities with approved plans.

• Confirm construction milestones and the contractual completion date.

• Test rental or appreciation assumptions independently.

• Review cancellation, delay, maintenance and fit-out clauses.

• Search complaints under every relevant entity and project name.

• Obtain independent legal and financial advice before payment.

FUTURE OUTLOOK AND STRATEGIC DIRECTION OF AARIZE

Aarize is building a Gurugram commercial portfolio while expanding towards townships and residential development. Timely completion of The Tessoro is the most important near-term test.

INVESTMENT AND BUYER THESIS OF AARIZE

A. STRENGTHS OF AARIZE

Experienced promoters, focused Gurugram locations, an approved flagship project and exposure to high-growth commercial corridors.

B. CONCERNS OF AARIZE

Short direct history, private financials, collaboration complexity and limited completed inventory under the Aarize name.

C. OPPORTUNITIES OF AARIZE

Demand from Dwarka Expressway and SPR catchments can support retail and SCO formats if delivery and tenant demand materialise.

D. WATCHPOINTS OF AARIZE

Monitor The Tessoro's QPR filings, construction progress, land documentation, South Drive counterparty obligations and registration of pipeline projects.

CONCLUSION OF AARIZE

Aarize is an active emerging developer with experienced founders and a premium Gurugram strategy. Its opportunity is credible, but its entity-level record remains short. Buyers should distinguish promoter legacy from current delivery, confirm the legal counterparty and evaluate project approvals, finances and execution independently.

DISCLAIMER

“This report is based on publicly available information only. It is intended for due-diligence and research purposes, not investment advice. All financial metrics, project statuses, legal proceedings, and regulatory information are point-in-time and may change. Buyers and investors should independently verify all information from official RERA portals, company filings, court records, rating reports, and legal advisors before making any decision.”