Business

Mangalore: Pioneering Landmarks- The Allegro Group


Mangalore: Pioneering Landmarks-  The Allegro Group

Business Desk
Daijiworld Media Network - mangalore

Mangalore, Sep 14: The coastal city of Mangalore holds an eternal allure for  investors from Mumbai, Bangalore and also for Mangaloreans who are settled in different parts of the globe. Despite settling abroad these non-resident immigrants want to have a home of their own in their native place.   Real estate developers and builders  in Mangalore have played a pivotal role in changing the landscape of the city  in sync with  changing times  to cater to  evolving need.  

Allegro Ventures India Pvt Ltd., is a name that stands tall when it comes to builders and real estate developers who have made that difference to the landscape of Mangalore.  Their distinctive architectural style and elegance have added value to their surroundings, with a stature  as city landmarks.  Conceptualizing, meticulous planning, detailing and analytical studies are the hallmark  of  their endeavors.   This passionate vision has been evident in every one of  their prestigious projects and ventures.

Allegro Ventures is promoted by the husband-wife duo, Dharmendra( better known as DB) and Giselle Mehta, former Indian Revenue Service (IRS) officers, who  made a foray into the real estate field in 2001.  With almost ten years in the bureaucratic set up,   the duo had gained enough experience in varied fields that gave them the confidence to take up any challenge.   Giselle’s late parents, JM and Louella Lobo Prabhu put up Mangalore’s first highrise apartment building, Lobo Prabhu Court, in 1975, which was also a matter of inspiration. DB Mehta, a qualified Chartered Accountant, was always inclined towards the financial markets, a passion which he pursued vigorously after they left the IRS.  The couple’s entry into the real estate sector was a smart move in diversification, aimed at deriving the maximum advantage from  the different momentum  in business cycles.








The evolution from real estate investors to developers was swift and momentous. Within a year of entering  the field,  their first project “Acropolis”  came up in the heart of the city, on Light House Hill Road. They entered the real estate market at a time when the economy was slow and real estate depressed.  “People advised us not to start construction activity considering the downslide.  However, we felt we could pioneer a new momentum based on our analysis of business cycles and a strong  gut feeling ” they recall. Acropolis was done in partnership with Mohtisham to produce a trailblazer in architecture, design and style. With a lofty location on Light House Hill, its  very name derived from its ancient Greek inspiration of “ A Dwelling on A Hill”,  pronounces  its prominence.   

They opted to promote their second venture “ Maximus Commercial Complex” in the year 2004 under their own banner. People doubted the potential of an upmarket Commercial project in the midst of a sluggish market, but their intuition guided them on.  “ The point was to create an eye catching, optimally constructed structure in a strategic location  to facilitate high level  corporate functioning.  The starting point for its renown happened  when the first Foreign Bank to enter Mangalore, ABN AMRO found it ideal for their international standards. A host of prominent names in finance, media and miscellaneous services followed, making 'Maximus' Mangalore’s premier commercial building. Its name, intended for maximal  impact has been truly justified in the response it enjoys.  Its futuristic  aesthetics have been widely emulated, and we’re often pleasantly surprised to find 'Maximus' captured in publications, websites and TV footage as representing the changing face  of  Mangalore” says Giselle.     The third completed project was Adelphia, a boutique apartment  complex in Falnir, a  masterpiece of exclusivity. Allegro Ventures is also one of the co-developers of the City Centre Mall in Mangalore, with its discernible impact on lifestyle evolution.

Allegro Ventures’s  prestigious project “Aristaa Enclave” is going to be a pioneering  project in Mangalore in terms of aesthetics and lifestyle offerings.  It is coming up on 91 cents of  land comprising  ground plus 14 floors with 84 apartments ranging from 2 bedrooms to 5 bedrooms in the happening locality of Pandeshwar.    “For the first time in Mangalore we are giving a common multi-purpose home theatre fully furnished and air conditioned with a large screen, projector and 7.1 channel with a complete sound proof room.  This facility helps to give business presentations and  enables e-learning for children and Community.   Aristaa Enclave is going to be the first building in Mangalore where not even a single apartment wall will be exposed directly to sunlight or rain because of the dual wall concept which will be environment friendly by reducing the need for  Air conditioning.

Other eco-friendly facilities provided at Aristaa Enclave are a solar water system, solar lighting system for common areas, abundant greenery around the building, rain water harvesting facility, no usage of heat inducing asbestos and usage of eco-friendly products to the extent possible.    The Off- white colour of the edifice is also an  eco-friendly choice  as scientific research shows that white helps in reducing heat.

Allegro offers a limited period offer on first come first serve basis for those who book their apartments at Aristaa Enclave by not charging for the recreation area.   Usually in an apartment a customer pays for the Super Built Up (SBU) area which includes the proportionate area consumed by common facilities area and the recreational areas to the plinth area of the apartment. As an initial offer, Allegro have decided to give a rebate equivalent to the proportionate recreational area in the SBU area. This is a first of its kind promotional offering provided in Mangalore to benefit customers. 

“Allegro Ventures believes in doing  limited projects at a point of time  so that we can concentrate all our energies towards achieving an excellent product." says DB Mehta.  He says their success  is built on the three fundamentals- adhering to quality, timely possession and  setting benchmarks of innovation and excellence.  Giselle hastens to add “Each project of Allegro has its own distinctive  character that sets it apart from the rest of the crowd”. Allegro Ventures is a member of CREDAI, which in itself speaks of its commitment to excellence and ethics.

 “ Construction comes with  some cost to the environment.  We seek  to do  positive things to compensate and be sustainable,” Mr Mehta emphasizes. “ Our Renewable Energy projects in Karnataka and Maharashtra are a particular expression of this concern.” 

The couple  compliment each other in terms of functioning and work with mutual understanding, focusing on respective strong points.  Aside from business, they believe that building up and sharing one’s reserves of knowledge and skills is a wide and ever evolving process of engagement.  Their philanthropic activities are diverse. Among them is the daily feeding of  one hundred children through the Akshaya Paatra Program, and the number of beneficiaries goes up  every year.   

Giselle has Masters’ degrees in International Relations and English Literature.  Her public speaking engagements cover a wide gamut of subjects flowing from her versatile intellectual interests, insights and experiences.  She is an ardent  Animal Rights’ activist, committed at the local and national level.  Presently, she  is also associated with the initiative of her  son “ Addressing Want And Wastage” – whereby usable discards that range from footwear to computers are redistributed to the needy, to encompass both Conservation and Compassion. An Associate of Trinity College, London in Speech and Drama, she writes and directs Children’s Theater. “Aesthetics should infuse one’s life to be carried forward elsewhere, especially in our structures and spaces.  The design of our home, which we fully immersed ourselves in, is derived from 18th century European  décor. Likewise the paintings on our office walls inspire a builders’  workspace  with aesthetic  messages, while  supporting the  often unrecognized gifts of local artists”  she says.

D.B. Mehta  also spares time to pursue his individual interests.  On a weekend, you might find him on the golf course. He  often shares his unique insights on Finance and Management through articles and lectures. He was the President of the Kanara Builder’s  Association for three years. He also holds the prestigious position of  Director, Inter-connected Stock Exchange of India Ltd.,( ISE) Mumbai. He serves as  a member of various civic  committees and initiatives aimed at the betterment of Mangalore. Though both their children, Nawal and Tamara are away in Boarding School, they are actively interested in their intellectual and personal development. 

The name “ Aristaa” is indeed derived from the Greek word for 'Excellence'. It is the Promoter’s confident aspiration that  this lofty edifice will  tower as a  landmark that dominates the landscape and  skyline of Mangalore .

Email : allegroventures@gmail.com
Website : http://www.allegroventures-india.com/

Comment on this article

  • Giselle Mehta, Mangalore

    Mon, Sep 20 2010

    Dear Friends,
    Your warm responses and encouragement are the stimulus for our enterprises and endeavors. Thank you!

    DisAgree [1] Agree Reply Report Abuse

  • Hitendra, Mumbai

    Mon, Sep 20 2010

    I know Dharmendra from our days of articleship of CA. He is one of youngest I know who was both a CA & ICWA at the age of 22 years. He was a topper in Accountancy from Bombay University. It was a happy moment for me to be present at the Opening of City Centre Mall in Mangalore where Allegro is a copromoter. I wish him and Allegro all the best.

    DisAgree Agree Reply Report Abuse

  • Celine Benny, Mangalore/ California

    Mon, Sep 20 2010

    Hello Giselle and Mr. Mehta,

    What a pleasure to see this article,just after I had received your prompt responses to my several emails about your upcoming project, Arista. The response emails always had a initial DB which I assume Mr. Mehta responded to them personally.


    Giselle you may not know me personally even though we went to St. Agnes for 5years college and graduated the same year. You were unique and genius not only in academics, but also on stage performing Shakespeare plays. You could compete with medical and engineering students in GK quiz competition and win every time. Since then I knew you would accomplish something big with your potentials,hard work and having great role models as your parents and grandmother. You are a good example to the rich and neo rich youth of Mangalore. I am wishing you and your husband all the best in your ventures. May they stand as unique edifices representing your uniqueness.

    Celine Benny

    DisAgree Agree Reply Report Abuse

  • Preetham Fernandes, Preediv Art Gallery,Bejai, Mangalore

    Sat, Sep 18 2010

    Congratulations Mrs and Mr Mehta on your brilliant and glorious achievements in your professional and personal life. May God bless you with greater glories in the years to come.. All the Best..

    DisAgree Agree Reply Report Abuse

  • Preetham Fernandes, Preediv Art Gallery,Bejai, Mangalore

    Sat, Sep 18 2010

    Congratulations Mrs and Mr Mehta on your brilliant and glorious achievements in your professional and personal life. May God bless you with greater glories in the years to come.. All the Best..

    DisAgree Agree Reply Report Abuse

  • Shubha Rodrigues, Mangalore

    Wed, Sep 15 2010

    Congratulations to both of you on your achievements! Hoping to hear more success stories in the near future.

    DisAgree [1] Agree Reply Report Abuse

  • Bhasha, DUBAI /mangalore

    Tue, Sep 14 2010

    I know Mr.Mehta and Gizzle very well about their personal and real estate marketing bcoz i was work with them as a engineer in MAXIMUS And ACROPOLIS PROJECT from 2002 to 2005.I am happy to see my former bosses and I may say he is a best person to deal with and stict to his commitment. Any investor can rely on him. Please accept my best wishes and congratulations for ARISTAA

    DisAgree Agree Reply Report Abuse

  • Joe Gonsalves, Mangalore - U.S.A.

    Tue, Sep 14 2010

    Both D.B. and Gizelle are not only known to me but I consider them as true friends. The link goes back to the 1950's when Gizelle's father was the Home Secretary with The Government of Madras (now Chennai). Mr. Joseph Lobo Prabhu - better known as Uncle Bob to most of his friends was indeed a person of name and fame. He was one of the first I.C.S. officers who later on became a politician on a Swatantra ticket - a party promoted by Sri Rajagopala Achary. Uncle Bob has helped several individuals irrespective of caste and creed. It is not surprising at all that his daughter has imbibed Uncle Bob's talent and grit. She has found the right match in DB who together have ventured into an industry so very essential for the port city of Mangalore. Hundreds of people and particularly Mangalroeans from The Gulf are on the look out for quality apartments and I am glad that Giz and DB are fulfilling this need.

    Kudos to you both Gizelle and D.B. You are already known for the kind product you have marketed in the past. May the present one too be a forerunner of many more to follow. May the apartment takers sing your glory in the days and years to follow.

    Joe Gonsalves.

    DisAgree Agree Reply Report Abuse

  • Olvin , Moodbidri / USA

    Tue, Sep 14 2010

    It was indeed a pleasure to read about Aristaa and the brains behind this great project. Just 2 days back I sent an enquiry about this project, got a quick response and then this wonderful article to prove the obvious. Thank you Mr. Mehta with a follow-up email about this article. I am a C A as well and wish you all the best in completing the project by the target date - July 2013.

    DisAgree Agree [1] Reply Report Abuse

  • Guru Baliga, Mangalore

    Tue, Sep 14 2010

    Giselle is also a creative writer. One of her works "Aerial Roots" the book of poems, widely acclaimed by the readers and critics.

    DisAgree Agree [1] Reply Report Abuse

  • Madhusoodana Bhat, Mangalore

    Tue, Sep 14 2010

    Glad to see my former bosses and their achievements. All the very best for their future projects.

    DisAgree Agree [1] Reply Report Abuse

  • Kunal, Mumbai

    Tue, Sep 14 2010

    Interesting to learn of the professional and personal achievements of this couple.
    Wishing them all the best.

    DisAgree Agree [1] Reply Report Abuse

  • Reyana Mahesh, Mangalore/Kuwait

    Tue, Sep 14 2010

    Hi Dharmendra n Giselle, I would like to know the rate per sq ft for a 3 bedroom apt 1599 sq ft. I have also texted you on the website contact. Kindly send me the payment terms, monthly installment fee as well as all needed information at the earliest. Thank you.

    DisAgree Agree [1] Reply Report Abuse

  • Badruddin Panambur, Solid Rock, Kana Suratkal

    Tue, Sep 14 2010

    I know personally Mr. Mehta since 2006 when I purchased ABN Amro bank(First International Bank in Mangalore) premises from him.I may say he is a best person to deal with and stict to his commitment. Any investor can rely on him. Please accept my best wishes and congratulations for ARISTAA.

    DisAgree Agree [1] Reply Report Abuse

  • allegro staff members, Mangalore

    Tue, Sep 14 2010

    The leaders who work most effectively, it seems to us never say 'I.' And that's not because they have trained themselves not to say 'I.' They don't think 'I.' They think 'we' they think 'team.' They understand their job to be to make the team function. They accept responsibility and don't sidestep it, but 'we' gets the credit.... This is what creates trust, what enables us to get the task done."
    We wish you Good Luck Sir & Madam….we are proud to work under a dynamic Entrepreneurs like you.

    DisAgree Agree [1] Reply Report Abuse

  • Geoster Xavier, Mangalore

    Tue, Sep 14 2010

    Mr & Mrs. Mehta, it's good to know your past endeavors especially the ones you achieved during the economic crisis, It says a lot about you confidence & your knowledge of the field .Also I like how you name your projects with Greek terminology, it adds a little bit of sophistication to itself.
    Good to know that you are socially responsible group.Do carry on the good work.
    About your prestigious project "Aristaa", well I am sure it's going to dominate the Mangalore skyline for years to come.
    Best wishes to both of you.

    DisAgree Agree [1] Reply Report Abuse

  • allegro staff members, Mangalore

    Tue, Sep 14 2010

    The leaders who work most effectively, it seems to us never say 'I.' And that's not because they have trained themselves not to say 'I.' They don't think 'I.' They think 'we' they think 'team.' They understand their job to be to make the team function. They accept responsibility and don't sidestep it, but 'we' gets the credit.... This is what creates trust, what enables us to get the task done."
    We wish you Good Luck Sir & Madam….we are proud to work under a dynamic Entrepreneurs like you.

    DisAgree Agree [1] Reply Report Abuse

  • Chrispanous, Dubai - UAE

    Tue, Sep 14 2010

    Too many people go through life waiting for things to happen instead of making them happen. While most are dreaming of success the "DUO" Mehta's worked hard and achieved it. Wish you all the VERY BEST.

    DisAgree Agree [1] Reply Report Abuse

  • Tamara, Bangalore

    Tue, Sep 14 2010

    Momzee, Dadzee,  when you urge me to work hard,  I guess I know what you mean.
    You two are amazing, so proud of all u r
    Thanx for being there for us two with all the many things u do
    your darlin' Tammy

    DisAgree Agree [1] Reply Report Abuse

  • Satish Kunder, Mangalore/Kuwait

    Tue, Sep 14 2010


    Nice to know about you Mr. Mehta. I am happy to learn that your partner wife is from renowned Lobo Prabhu family.

    It is nice to know that you are into renewable energy and as an electrical engineer myself, I have been collecting technical information on the latest technologies in this respect and would wish to contribute to such projects in whatever way I can.

    This article has doubled my faith that my investment is in safe hands and Aristaa Enclave will be ready in time.

    My best wishes to both of you.

    DisAgree Agree [1] Reply Report Abuse

  • Nawal , Bangalore

    Tue, Sep 14 2010

    Dear Mom/ Dad,
    Amazing to learn about your evolution and vision in this article. It's strange that an outside source can give one perspective about people I've known all my lives. I feel proud of your versatile achievements as entrepreneurs and above all as holistic human beings. As your son, I aspire to expand the length and breadth of your bold footsteps.

    DisAgree [2] Agree [1] Reply Report Abuse

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Title : Mangalore: Pioneering Landmarks- The Allegro Group


 
 
 
 

 
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