Our Company Story

We are first generation entrepreneurs who took the leap into Real Estate Development after accumulating decades of experience between us as Real Estate Professionals. Ambika in Vedic Sanskrit means Deity & A Mother, and a Mother is known to nurture and work towards growth of all those that come within her fold. We at Ambika intend to enrich lives of all our stakeholders by giving them meaningful and consistent growth.

Each AMBIKA HOME will have amenities that address basic needs, features that pander to luxurious wants at affordable prices that embody our philosophy of nurturing its inhabitants towards a wholesome and fulfilling lifestyle.Over the coming years, AMBIKA HOMES will be synonymous with premium-quality properties and exceptional value for money to a broad client base of home-buyers, Buy-to-Let purchasers and property investors from Punjab, Rest of North India and abroad.

The reputation of AMBIKA’S Co-Founders has been built upon a swift and disciplined approach to decision making.

We have a cumulative management experience of more than 100 man years in Land acquisition & Business Development, Planning, Architecture, Construction, Marketing, Sales and Facilities Management.

Our team has successfully turned around and delivered Real Estate Assets in tune of more than 5000 Cr over the last 10 years.

Our comprehensive understanding of the complexities of Real Estate Market and planning and delivery process enables us to establish flexible business strategies to meet promised timelines and quality standards.



Ritesh is a Chartered Accountant with over 16 years of Real Estate, Banking and Audit experience.

He has a wealth of experience with renowned companies like PriceWaterhouseCoopers, ICICI Bank and was last working as a Vice President with Omaxe ltd heading its various Real Estate projects.

He has vast experience of steering Real Estate projects from Planning till delivery stage through innovative Marketing and quality execution.

He has launched and executed more than 40 successful Real Estate Projects covering Residential Group Housings, Townships, Commercial Towers, Hotels amongst others with a combined sales turnover of more than INR 5000 Cr.

Being an integral part of various corporate cricket leagues, Ritesh brings the same leadership acumen and inclusive approach of a sportsman to his business and that has earned him industry wide recognition and laurels bringing with it an enviable Network of quality marketing associates who trust in him.



Diwaker is a Chartered Accountant and Company Secretary with a rich domain experience of 14 years in Indian Real Estate.

He has been a seasoned campaigner with experience of acquiring more than 2000 Acres of Land in New Chandigarh (1000 acres), Lucknow (700 acres) amongst other areas.

He has proved his mettle as a professional with an impeccable track record while heading Internal Audit, Treasury, Land Consolidation and Commercial departments with Omaxe Limited.

Prior to that he was handling Accounts, Finance & Taxation work for the Essel Group backed Real Estate major Suncity Projects Limited.

Diwaker is widely regarded in the Real Estate industry for his strong analytical skills and integrity making him one of the most respected professionals in North Indian Real Estate currently.

To be amongst the most respected real estate companies providing clients affordable premium homes with high quality standards offered at par with those followed internationally and delivering optimum value to all its stakeholders.

To bring together most innovative and creative real estate ideas and setting up standards of professionalism, quality, customer service, ethics and compliance in the field of real estate.

We, Ambika Realcon Pvt Ltd, hereby take an oath to uphold the highest level of ethics and honour while conducting our day to day business.
We will ensure that every action we take- big and small- will be towards the greater good of all our stakeholders and humanity, thereby generating prosperity for all.

The home buyer is sole reason AMBIKA exists, and we put the comfort of our customers before anything else.


The company will clearly define the core unit area as well as loading of common areas and balcony to come out with Total saleable area.

As a first measure, the company would be taking only 50% of the total balcony area into saleable area as opposed to currently followed policy of 100% charge of balcony by the industry.

We will be setting new standards of professionalism by not accepting more than 5% variation in total saleable area at the time of possession.

Any increase or decrease in area would only be settled on original purchase rate of property thereby ensuring no last minute monetary surprises for customer.



Same penalty for late receipt of payment as well as late delivery.


By careful economic research and financial planning, the company ensures any increase in construction cost due to inflation is never passed on to customer.

This also ensures the developer is always focused to deliver the project in a timely manner.


The customers are updated quarterly about the construction updates and milestones of the project. The updates are accompanied with latest pictures of site progress as well.


All customer requests/queries will be addressed through proper Customer Relationship Management(CRM) having different SLA’s(Service Level Agreements) / TAT’s(Turn Around Time) for each and every query/request to be addressed in timely manner.


  • Our offerings will be backed by deep insights and research to ensure each product addresses a certain section of unfulfilled market demand at optimum costs. This ensures product acceptability and consistent sales.
  • Further, 70% of BSP revenue/collections would be reserved in an escrow account and would only be utilized towards development and Construction of that project, thereby ensuring timely delivery to our customers. The same is audited by reputed firms to give complete peace of mind to customers.
  • Our confidence to give you timely delivery of your home is further complemented by the penalty we impose on ourselves for delay in possession which would be atleast double the industry standard.


The coming decade will witness arrival of new architectural marvels from AMBIKA HOMES that become each occupiers personal paradise and continues to be that way because each brick laid was backed by solid engineering, craftsmanship & latest technology.

The hallmark of our quality is evident in our industry leading interior specifications which will be complemented with exacting finishes and superior aftercare service.

The developer will also ensure that any problem or maintenance issue due to quality constraints would be addressed free of cost by the developer upto one year from the date of possession.


AMBIKA REALCON PVT LTD has substantial financial backing from long established, highly reputed corporate and private investors as well as Financial Institutions. The relationship with our investors has been developed over many years delivering a pipeline of successful projects by our founders.

We have a streamlined approval and management process and have the ability to make swift investment decisions.


Our Vendor and Supplier partnerships are inked with the most reliable names in business, to ensure each AMBIKA HOME endures the test of time and becomes a testament to what genuineness of intent can achieve in Real Estate.

The founders have worked closely with consumers, investors, partners, associates and other key stakeholders over the course of their careers as Real Estate Professionals adopting a creative development approach and forming lifelong bonds based on mutual respect and trust.


At AMBIKA, we have total commitment to energy efficient and ecologically sound applications, pioneering the concept of total sustainable development – which is all pervasive right from the engineering practices we employ, to the high quality materials we source towards creating popular commercial and sociable communities.

All flats in Chandigarh at AMBIKA are 3 side open ensuring ample sunlight and cross ventilation for each room.

The benefits from these practices to customers are:

  • Reduced Energy/Electricity Consumption
  • Reduced Water Consumption
  • Excellent Lighting & Ventilation
  • Enhanced Air Quality
  • Health & Well Being of occupants

We create mixed use developments combining residential, office, retail and leisure spaces within carefully planned and managed environments. By working closely with worldwide talented architects and designers we are able to inspire the creation of design excellence.

To recognize the contribution of people serving the nation, AMBIKA Realcon extends special concessions & Privileges to people from the Indian Armed Forces- Serving & Retd. as well as Government and semi-government Employees.

In our endeavour to empower women, we also extend special concessions and privileges to them when they purchase an AMBIKA HOME.