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Our Story

Five Decades.
One Conviction.

Building homes and communities across Gujarat since 1975, guided by a single belief: construction must outlast its creators.

Est. 1975Ahmedabad · GujaratRERA-Approved
Mainland — five decades of building in Ahmedabad
Origin

How we got here

Mainland Group traces its origins to 1975, when Praful Dave, a Civil Engineer by training, began building homes in Ahmedabad with a single belief: construction must outlast its creators.

Over five decades, that belief has guided the group through multiple economic cycles, policy shifts and market disruptions — from Vaishali Apartments in Paldi in 1975, to Dharnidhar Tower (one of the few highrises to survive the 2001 earthquake without structural damage), to Himalaya Falaknuma's 100+ units delivered in 2023.

In 2017, Mainland Group was formally established as the consolidation vehicle for the group's development, investment and new-platform activities.

Milestones
1975

Vaishali Apartments, Paldi

Praful Dave's first completed project. Quality construction that set the benchmark for all that followed.

1998

Dharnidhar Tower, Paldi

A 10-storey highrise that survived the 2001 earthquake without structural damage. Still a landmark address today.

2015

Bhaumik Thakar joins

Brings e-governance experience and a new strategic vision — an institution-building approach to development.

2017

Mainland Group formed

SIERRA, Sharanam and Vanshvana. New brands, new platforms — the same founding discipline.

2023

Himalaya Falaknuma delivered

422 flats + 121 shops across 6.2 lakh sq. ft. A landmark of the Juhapura belt.

0+
Years as a trusted developer in Ahmedabad
0+
Residential & commercial projects across Gujarat
0
Sq. ft. currently under active development
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Active brands — SIERRA, Sharanam, Vanshvana
How We Build

The Five Principles.

01

Longevity Over Velocity

Projects are evaluated not for immediate absorption but for their ability to remain structurally sound and socially relevant over decades. Projects from the 1970s remain sought-after addresses today.

02

Capital Preservation First

Capital is scarce and respected. Mainland avoids excessive leverage and speculative expansion, preferring asset-backed growth where downside risk is structurally limited.

03

Context-Sensitive Development

Every project responds to its micro-market: location dynamics, community needs, infrastructure trajectory and regulatory landscape. No templated replication.

04

Execution Integrity

A conservative execution culture with emphasis on construction quality, regulatory compliance and contractual clarity. This discipline has enabled Mainland to withstand market downturns without reputational compromise.

05

Partnership Before Promotership

Long-term relationships with architects, contractors, landowners, financial partners and co-developers are valued over transactional arrangements.

Capital Philosophy

How We Think About Capital

Capital partnerships at Mainland are structured around transparency, clarity of governance and mutual alignment — not short-term yield maximisation.

Asset-Backed

Land-led and infrastructure-led opportunities. No speculative structures.

Patient Capital

Long-duration holding capability. No forced-exit pressure.

Aligned Partners

Co-investors who share both risk and decision discipline.

Governance Clarity

Transparent structures. No ambiguity on roles or returns.

Leadership

Stewardship across
generations

PD
Founder

Praful Dave

Since 1975

A Civil Engineer by training who founded Mainland on a single conviction — that construction must outlast its creators. The standard he set in Paldi still defines the group.

BT
Co-Founder & Managing Partner

Bhaumik Thakar

Since 2015

Came to real estate from molecular biology and a decade building e-governance systems for the Government of Gujarat — bringing an institution-building approach to a half-century of expertise.

A Personal Note

I came to real estate from an unusual direction. My academic grounding was in molecular biology. My professional decade was spent building e-governance systems for the Government of Gujarat.

But somewhere in that work, I kept returning to a fundamental question: what endures? Software gets deprecated. Policies change. But a well-built building on a well-chosen piece of land — that endures. That serves families across generations. That outlasts its creators.

Mainland is not trying to be the largest developer in Ahmedabad. We are trying to be the most enduring.

BT
Bhaumik Thakar
Co-Founder & Managing Partner
40–50%
The Mainland Promise

Of our residential buyers return — not always to buy, but to ask. They have absorbed Mainland's judgment as part of their own decision-making. That is not customer retention. That is trust compounding over time.

Looking Forward

Fewer projects.
Deeper conviction.

The road ahead is deliberately narrow — chosen for endurance, not volume.

01

Premium, low-density residential formats

02

Land-led developer platforms

03

Natural asset integration through Vanshvana

04

Fractional and digitally-enabled ownership models

05

Long-term capital partnerships with aligned investors

Not a Developer — A Philosophy Trust. Discipline. Land that Outlasts. Not a Developer — A Philosophy Trust. Discipline. Land that Outlasts.
Building futures, not just deals

Build with a developer that thinks in decades, not quarters.