Art Nirman was incorporated in the year 2011, with a vision to carry on the business of real estate development in and around the city of Ahmedabad, Gujarat. In 2013, it started construction of its first residential cum commercial project “Shri Vishnudhara Cross Road” in Ahmedabad, in Joint Development Agreement with its Director, Dharmishtaben Thakker, owner of the project land. It successfully completed construction of “Shri Vishnudhara Cross Road” project in the year 2016, which consist of 5 towers containing total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft. (aprox.) As on date of prospectus, it has successfully sold 129 residential flats and 21 commercial offices in its “Shri Vishnudhara Cross Road” project. Further, it has received bookings for 23 residential flats and 4 commercial flats from the Customers for the said project.

The company also undertakes work contracts for the development of residential & commercial projects. Currently, it has one ongoing work contract which has been undertaken from its Promoter Group firm Dhara Developers, for carrying out activities such as plastering, tiles fitting, painting, electrical fitting, plumbing, doors and windows fitting, etc. in a residential cum commercial project, “Vishnudhara Homes” located in Ahmedabad. Further, it has received offer from its Group Companies for carrying out construction work in their forthcoming projects, which will be of building a hotel and a club under Contract. The company is yet to consider their offers as the approved site plans, Contract terms and other details of the projects, has not been finalized by its Group Companies.

Business area of the company

The company is Ahmedabad, Gujarat based real estate developer involved in development of residential & commercial projects. The company carries all the construction activities by subcontracting the project work to third party contractors.

Milestones

• 2011: Incorporation of the Company in the name and style of “Vishnudhara Builders Private Limited”.
• 2011: Change in the name of the company from “Vishnudhara Builders Private Limited” to “Vishnudhara Buildcon Private Limited”.
• 2011: Change in the name of the company from “Vishnudhara Buildcon Private Limited” to “Art Nirman Private Limited”.
• 2013: Commenced construction and development work of its first residential cum commercial project “ShriVishnudhara Cross Road”.
• 2016: Completed Construction and development work of the project “Shri Vishnudhara Cross Road”.
• 2016: Conversion of the company from Private Limited to Public Limited Company.