LAYING THE RIGHT FOUNDATION
MR. SRINIVASA RAO VELUVOLU IS A LEADER WHO LEADS FROM THE FRONT. IN THE TWO DECADES OF HIS ENTREPRENEURIAL CAREER, HE HAS SUCCESSFULLY BUILT A BUSINESS OF SCALE IN THE REAL ESTATE INDUSTRY AND EARNED AN UNSHAKEABLE REPUTATION FOR DELIVERING QUALITY HOMES WITHIN COMMITTED TIMELINES
A JOURNEY OF DETERMINATION
Mr. Srinivasa Rao Veluvolu hails from the West Godavari district in coastal Andhra Pradesh. He completed his post-graduate degree in Commerce and followed it up with a Masters in Business Administration. He moved to Hyderabad to pursue a professional career. He joined as a Trainee and, in a short period, went on to lead the Commercial function in Linkwell Telesystems, a pioneer in the Telecom domain.
THE BEGINNING OF A NEW CHAPTER
Mr. Rao’s passion for becoming an entrepreneur led him to venture out on his own despite having a thriving professional career. His entrepreneurial venture started with becoming a distributor for Tata Cellular.
Through his hard work and determination, he became the leading distributor in the circle. He soon expanded to other districts of Andhra Pradesh and later broadened his business and reach by becoming a Partner for Tata Indicom, ICICI Home Loans, and Iqara Broadband.
In 2004, Mr. Rao ventured into Real Estate and began trading in land. A year later, he officially established his company Nikhila Constructions and Developers (NCD), which over the years has become a trusted brand in the realty landscape in Hyderabad. The founder’s vision and hard work took NCD to greater heights and contributed in building its position as a preferred builder known for quality homes.
Mr. Rao has believed that unlike any other product category, building and selling a home brings along certain additional responsibilities to the builder. Hence, it is important that the home is built with quality and delivered in time. The Best Customer Testimonials for NCD have always been its customers choosing to purchase their second home again in an NCD-developed gated community. Additionally, almost 25% of the sales in every company project happens through references of existing customers.
GROWING FROM STRENGTH TO STRENGTH
Under Mr. Rao’s leadership, NCD has earned a reputation for delivering projects within stipulated timelines. He wants to develop communities with modern features and facilities where homeowners can lead a happy life. To date, NCD has delivered over 1,500 homes.
Over the next few years, the company plans to develop around 5,000 additional homes. It has identified the fast-growing Mokila/Shankarpalle belt in the Western Corridor of Hyderabad as the area where it will execute its plans.
To accomplish the goal, Mr. Rao has brought together a strong team of professionals from various industries with cumulative rich experience of over 250 years. The rich experience has helped the leader in implementing best practices and processes in running the organisation. The team ensures that the company projects are delivered to customers in time.
FOUNDATION OF THE NCRD
Mr. Rao wanted to make a difference in the lives of the poor and needy, and, therefore, founded Nikhila’s Centre for Rural Development (NCRD).
Through NCRD, the visionary has been providing the deprived people support and access to basic requirements such as education and medical facilities, among others, as he believes education can change their lives and fortunes. Since NCD operates in the Mokila/Shankarpalle belt, Mr. Rao has begun NCRD’s work with the people of the area, by providing them facilities and support to lead a better life.
In the financial year 2023–2024, the company aims to provide ambulance and medical camps in the villages. In addition, distribution of books and conducting tuition camps are being planned to ensure that the education of the next generation of the villagers does not take a back seat.
