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July 29, 2015



Chandigarh, July 29, 2015: Mr Sagar Setia, Director, Mona Townships Pvt Ltd (MTPL) has been awarded with the “Young Achievers Award” in the National Awards for Excellence in Real Estate & Infrastructure category at CMO Asia ‘National’ Awards 2015. Mr Setia was among the four winners out of the eight nominees for the award. The award which celebrates the highest level of achievement by companies and individuals operating in the real estate and infrastructure sector was held at The Taj Lands Hotel, Mumbai.

Elated at receiving the prestigious award, Mr Sagar Setia said, “I humbly accept this award on behalf of the entire Mona Townships family. At Mona Townships we work as a well-oiled machine with every member in sync and synergy with one another, helping deliver quality real estate products while also serving the society through various social engagement platforms & CSR initiatives. This award is recognition of the quality which Mona Townships has brought to the real estate sector in India.”

The National Award for Excellence in Real Estate and Infrastructure celebrates the highest levels of achievement by companies and individuals operating in all sectors of property and Real Estate as well as Infrastructure Industry. The Awards recognise, encourage and promote excellence in the Real Estate profession and highlight important elements of real estate practice such as commitment to service, client satisfaction, innovation, professional development, community involvement and contribution to the profession. This is a National-renowned mark of excellence.

The CMO Asia is dedicated to high level knowledge Exchange through Leadership & Networking amongst senior CMOs and brand decision makers across industry segments.

The award is recognition of Mr Sagar Setia’s inspiring contribution to the real estate industry and the company. Under his leadership, he has been able to trasport Mona Townships to newer echelons. Taking Mr Tejinder Pal Setia, the Chairman (His father and the founder of Mona Townships Private Limited) dreams forward, he played a crucial role in Mona Townships Developer’s transitory phase from a developer of residential townships in Mohali, Zirakpur, Ghazipur etc to state-of-the-art mixed use commercial project Jade-90, which is spanning in 1.3million sq.ft in Sector 90, Mohali. Within a short span, Mr Sagar Setia has expanded the horizons of the Mona Townships business territory and established the company as an innovative developer with customer satisfaction at its helm.

A Computer Software Engineer by qualification, Mr. Sagar Setia graduated with Bachelors of Technology (B.Tech) degree from Delhi College of Engineering (DCE) in the year 2014. He secured an internship with Mckinsey and Company and this experience helped him develop an analytical approach to business. After completion of this course, he joined his father as the Director in Mona Townships Private Limited. Sagar ensured that Mona’s decisions are based on research and analysis supported by logic and reasoning, thus giving the company an extra-edge. Soon Sagar became the driving force of various financial, management and branding decisions of the organisation. He made sure that the business strategies were scalable, ethical and modern in approach.

About Mona Townships Pvt Ltd (MTPL)

While MTPL has three successful projects under its belt in Zirakpur and Mohali—Mona Greens, VIP Road, Zirakpur; Mona Aeroviews, Swastik Vihar, Zirakpur, and Mona Paradise Apartments, Sector 127, Mohali—it has 15 more in the pipeline across North India. Be it Max Height and Metro View on the Kundli border near Delhi or Varun Cooperative Society in Gurgaon, MTPL has set new benchmarks in quality and timely execution of projects every time.

Another prestigious MTPL housing project on offer is Mona Greens-II on Gazipur road, Zirakpur, which sets MTPL apart from its competitors in terms of landscaping and thoughtful layout of buildings in spacious environs.

The company, which has a turnover of Rs 125 crore, has already sold 1,500 flats amounting to 1.5 million sq ft since it entered the real estate business in 2004. Most of its projects are being funded from internal accruals.

An ISO-certified member of the Confederation of Real Estate Developers' Associations of India (CREDAI), MTPL was founded by Mr Tejinder Pal Setia and Mr Warangan Kumar Ralhan with a vision of providing superior luxury-class housing and commercial facilities that exceed customer expectations. MTPL aspires to become a name to reckon with in the real estate sector by using state-of-the-art engineering techniques that allow more sunlight and ventilation, protect high-rise structures against earthquakes and reduce maintenance charges. MTPL has offered a wide range of residential facilities with a variety of lifestyle choices. These include villas, duplexes, low-rise and mid-rise apartments as well as plots of different sizes. All MTPL projects have certain features in common, like vast open spaces, three-tier security, power back-up and organised parking, thus creating an international living experience.