Priyanshu Mohanty 
The story of Mr. Sashikant Barik, Director of AcreRise, is a tale of vision, determination, and relentless pursuit of excellence. As a first-generation entrepreneur he has established himself as a trailblazer in Odisha’s real estate landscape, turning challenges into opportunities and dreams into reality. Under his leadership, AcreRise has become synonymous with trust, innovation, and quality .
Mr. Sashikant’s journey began with My Space Realty, a real estate consultancy, which used to work on mandates. This early venture gave him valuable insights into the real estate industry and sparked a vision for greater control and creativity by bridging the gaps left by others. This realization laid the foundation for AcreRise, a new-age real estate development company driven by a philosophy of quality, innovation, and trust. An entity that believes in keeping you ahead; the customers, stakeholders, and it’s employees.
Reflecting on the journey, Sashikant humbly admits that real estate happened to him by chance. Coming from a family with no business background, the transition from a property consultant to a real estate developer was a bold leap. However, his belief in hard work and the immense potential of Odisha’s real estate market fueled his ambition. Today, AcreRise is a name that resonates with reliability and excellence.
Mr. Sashikant firmly believes that Bhubaneswar is one of the best cities in eastern India, offering a unique blend of quality living, cultural richness, and inclusivity. “Bhubaneswar is a city where everyone is welcomed,” he says. “We don’t have caste, language, or religion barriers, which is why people love to come here and settle.” Recognizing the city’s growth trajectory, Mr. Sashikant and his team capitalized on the opportunities it presented. From when the company was formed, nearly 15 years ago, Bhubaneswar has grown rapidly, and AcreRise has grown alongside it.
He acknowledges that while the real estate market in Bhubaneswar does not have major gaps, there is always room for improvement. “Innovation, constant learning, and upgrading are key,” he asserts. His vision for AcreRise is to create market-fit products that cater to evolving customer needs without compromising on quality.
AcreRise’s core philosophy revolves around maintaining quality while ensuring it is perfectly priced. Mr Sashikant emphasizes, Quality and quantity can go hand in hand. “You can build more without compromising on quality
Real estate is all about trust” Mr. Sashikant remarks. While building a brand, trust should be the cornerstone of every real estate developer’s mission. With this in mind, AcreRise has expanded its portfolio to include not just residential projects but also commercial real estate, IT parks, office spaces, hotels, warehouses, and multi-asset class developments. His vision is to create an ecosystem where every customer and investor finds something valuable, ensuring no one leaves empty-handed while exploring our portfolio of offerings.
The journey of AcreRise began with a modest 12-unit project, Aurelia, which remains close to Sashikant’s heart. Today, the company is scaling to new heights, undertaking mega projects with sales value soaring beyond 1000+ Cr*. The growth has been phenomenal, and Mr. Sashikant attributes it to the trust of their customers, the support of the government, and the unwavering dedication of his team.
Mr. Sashikant is deeply passionate about mentoring young entrepreneurs. He believes that fresh minds bring innovative ideas, and with the right focus and guidance, they can achieve great things. “Entrepreneurship is a long journey,” he says. “You cannot evaluate it purely on monetary returns. You have to believe in the process and enjoy the journey.”
He also emphasizes the importance of adaptability in the fast-paced technological era. “You must learn to adapt to changes quickly”, he advises. For Mr. Sashikant, real estate is a field that demands responsibility, as developers do not just build homes, they bring someone’s dream to life, their dream home. This is why AcreRise ensures the use of high-quality materials, ethical work practices, and a commitment to delivering the best to its clients.
Mr. Sashikant envisions a bright future for real estate in India, projecting robust growth for the next 30-40 years. He believes that success in this industry requires careful attention to every detail, from land acquisition to the finished product. “It’s a field where you must eliminate negativity, embrace positivity, and stay focused on delivering value,” he asserts.
AcreRise stands as a testament to Mr. Sashikant’s dedication, ambition, and forward-thinking approach. The company is currently working on three new mega projects, each designed to meet the needs of its diverse clientele. With a focus on quality over quantity, AcreRise continues to set new benchmarks in residential and commercial real estate.
Mr Sashikant aims to inscribe the AcreRise’s name permanently in the history of real estate development in Odisha and India. His mission is to inspire the next generation to dream big and to transform those dreams into reality with hard work and integrity.
Mr. Sashikant’s journey from My Space to AcreRise is a shining example of how determination, innovation, and trust can turn a vision into a thriving reality. His advice to young entrepreneurs is simple yet profound: “Learn from your mistakes, thrive for growth, and always believe in the process.” With AcreRise leading the charge, Odisha’s real estate landscape is poised for unprecedented growth, and Mr. Sashikant Barik is undoubtedly a name to watch in the years to come. His story is not just an inspiration for aspiring entrepreneurs but a testament to the limitless possibilities that come with hard work and a positive outlook.
