Thursday, May 12, 2016

Virtuous Retail Selects Yardi Property Management Solutions

BENGALURU, India - Thursday, May 12th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Virtuous Retail, which owns, develops and operates integrated lifestyle centers across India, are managing their entire retail real estate operation through Yardi Voyager® 7S, the mobile ready, cloud-based property management and accounting platform.

The underlying idea was to manage the entire operations through a single solution that meets the evolving needs of the retail real estate sector. The company can manage multiple assets across India, from a single location, to enhance the process efficiency and easily add new assets to the platform as they come on line.

“Our business philosophy combines creating high performance retail environments with technology led innovations & internationally benchmarked processes. Voyager will help us achieve this objective by providing an end-to-end integrated platform & standardizing the processes to drive visibility for our growing portfolio and thereby driving new efficiency for our teams that perform lease administration, finance, asset management, and other operations,” said Chirag Boonlia, associate vice president of IT, Virtuous Retail.

“We were extremely pleased that our knowledge of the retail sector is particularly evident with this project,” said Neal Gemassmer, vice president – international, for Yardi. “Not only are those years of experience important to this relationship, but equally important are the investments we make to establish a strong support operation to service the local needs of our client base.”

About Virtuous Retail

Established in 2007, Virtuous Retail (VR) is an institutionally owned developer-operator of community oriented premium lifestyle destinations in India's top cities. Virtuous Retail's pan-India portfolio includes prime city centre locations in Bengaluru, Chennai, Mumbai, Pune and Surat making it the leading platform of quality retail real estate in the country. The company specializes in combining global expertise and local knowledge to create high performance retail environments with strong urban connections. Visit: to learn more.

About Yardi

Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in Australia, Asia, the Middle East, Europe and North America. For more information, visit    


Yardi Systems Inc.

Martin Gedny, +44 (0) 1908 308400

Mr. Luv Kumar, +91 88002 95185


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