SPA Group, a debt-free and financially sound conglomerate, has built a legacy spanning over 80 years. Founded on the entrepreneurial spirit of the Kajaria family, the group operates across diverse sectors, including real estate, liquid warehousing, agriculture, and green technology. Known for its commitment to sustainability, SPA Group has consistently delivered innovative and luxury developments, with a strong focus on eco-friendly and bespoke real estate projects. Under the leadership of Sushil and Prashant Kajaria, the group continues to grow, expanding into new markets while maintaining its strong financial foundation. In this exclusive interview of Mr Prashant Kajaria MD of the Spa Group, we dive deeper into the journey of the SPA Group, its future plans, and the key factors behind its remarkable success.
SPA Group is a debt free, financially sound, sustainable and futuristic business conglomerate with a presence in real estate, liquid warehousing, agriculture marketing, energy storage, green technology and horticulture.
Our legacy as an organisation can be traced back to our ancestors Sewnarayan and Khubchand, who started our family’s 80 year old journey from Alipore, Kolkata.
The group, now into its fourth generation, is headed by Sushil Kajaria, the Chairman, who unified the family’s ventures into SPA Group in 1972—named after Sushil, Prashant, and Amit Kajaria. Our presence today spans fields as diverse as real estate, liquid warehousing, agriculture marketing, energy storage, green technology and horticulture.
What started off as a business of mini steel plant and coal mine trading diversified into liquid warehousing in 1972 after taking over a terminal from Burmah Shell, which is after over 50 years, is Eastern India’s largest liquid warehousing facility with a storage capacity of 1.4 lakh KL (kilo litres), handled by Prashant and Amit Kajaria. The duo is also the force behind crafting exquisite, and sustainable residential and commercial buildings in Kolkata like the iconic, environmentally-friendly building Surya Kiran.
The next transformative journey for SPA Group began when Prashant decided to take his deep-rooted passion for nature and turn it into a profitable venture for the business. He decided to open the group’s first Bengaluru office with the intention of diversifying the group’s activities. At a young age of 21, he founded SPA Agro, one of India’s first 100% EOU floriculture ventures in 1993, which is today one of India’s largest floriculture companies.
The foray into horticulture in India’s Garden City turned out to be a launching pad for the group to venture into real estate, combining eco-sustainability with community and estate-living projects. Today, we are known for our boutique, bespoke, personalised real estate deliverables that go beyond cookie-cutter homes.
We continually work to deliver the highest quality products and services in the market. We take our responsibility in influencing the world market earnestly and so our commitment to building sustainable infrastructure and environments is unparalleled.
A couple of these projects will be luxury villa-plotted developments, while another will be a mixed-use development spanning approximately 5 million square feet. Additionally, we are in the process of planning a villa and villa-plotted development. The investment for these projects will primarily be funded through internal accruals, with potential joint development (JD) partnerships involving A-grade partners.
In the past, we have successfully completed and delivered a commercial complex for office space (the SPA Plaza, Bangalore) and three residential projects in Kolkata, offering approximately 5 lakh square feet of development – the Surya Kiran, the Park View and the Landmark
Among our ongoing projects, there’s Frangipani Estates in Hosur, which is a 35-acre ultra-luxury community with just 33 limited edition estates, offering unmatched privileges like the private 2-acre Club Plumeria, Lake Serenity, Rejuve Park and the Palm Triangle—setting new benchmarks in premium estate living.
While the development is complete, the project remains active as individual homeowners are currently in the process of constructing their bespoke mansions.
We also have the SPA Ecocity in Hosur, which is a 50-acre luxury gated villa community featuring 10+ life-enhancing amenities, including medical care, home office and a parlour. Indulgences like the six-acre VISMAYA Spa & Resort with dining, sports facilities and a banquet hall, along with nine themed parks for all age groups, create a holistic and vibrant living experience.
While Phase 1 of Ecocity is complete, we have recently launched Phase 2, spanning approximately 1.6 lakh sq. ft. across six acres as a plotted development. Additionally, our 6-acre resort and spa, VISMAYA, is in its final stages of completion.
The SPA Group, under Prashant Kajaria’s leadership, has delivered over 2.3 million sq. ft. of saleable luxury real estate. The Group holds strategic land banks along Sarjapur Road and the Hoskote-Malur Highway (Bangalore-Chennai Expressway)—some of Bangalore’s fastest-growing investment corridors. SPA Group is also actively acquiring land in North and East Bangalore, strengthening its position for future growth and monetization.
While our primary focus will remain on curating environments that offer a thoughtfully designed and enriching lifestyle, going forward, the specific end-product—whether bespoke plotted estates, luxury villas, or other formats—will be guided by the micro-market dynamics and the target audience best suited for each location.
We have a strong philosophy that while location has traditionally been a key factor in real estate decisions, the product itself holds greater significance in today’s changing environment. With the rise of remote work or work from home (WFH), the growing necessity for personal space, the increasing preference for community living and the demand for extensive amenities and extracurricular activities, the overall lifestyle a project offers is far more important than just its location. A well-designed project that caters to these evolving needs ultimately creates a more fulfilling living experience, regardless of its location.
While our primary focus remains on the rapidly growing areas in and around Bangalore, we are actively exploring expansion opportunities in strategic locations. We are currently evaluating prospects in the Hosur belt and in Gujarat, conducting feasibility studies to assess their potential for future developments.
We are a debt free and financially sound company and have no plans for a public listing in the next 2-3 years. Our future capital requirements will primarily be met through strong internal accruals and potential joint development (JD) partnerships. Additionally, the group holds strategic land banks of over 100 acres and is actively in the process of acquiring more assets at prime locations to support our long-term growth and expansion strategy.
This website uses cookies.
