Built by family. Operated like an institution.
Fremont Developers is a multi-generational Bay Area real estate firm founded in 2001. Two principals. 52 transactions and counting — all in California, all still held or still operated.
On why we stayed in one place.
My family arrived in the Bay Area in the 1990s. We started with a single retail business and by 2001 we had saved enough to buy our first building. That building was a block from where I am typing this. Twenty-five years later, we are still here, still operating, still answering our own phones.
We could have scaled out of California years ago. Texas is cheaper. Arizona is easier. Florida has no income tax. But our model depends on knowing a place — its politicians, its contractors, its rent tables, its weather, its schools. We chose to go deep rather than wide, and that has been the single most important business decision of my life.
What you are looking at on this website is the result: a 126-apartment mixed-use development breaking ground in downtown Fremont, sixteen townhomes in predevelopment in Newark, and a senior living group — Velora — that will operate hundreds of beds across California by 2030. Every project sits within a one-hour drive of the building I bought in 2001.
The second thing to know about us is that we operate what we build. We do not sell to a REIT at stabilization. We do not flip. The people who live in our buildings meet the people who own them, and we intend to keep it that way.
If you are an investor, a buyer, a renter, a family researching senior care, or a lender thinking about the next deal — thank you for reading. The work continues.
— Rishi Khanna, Managing Principal
Four things we believe.
Not a mission statement. Operating rules we have learned, often the hard way, over twenty-five years.
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i.
Operate what we build
Every community we develop, we also run. That alignment — developer as operator — changes the decisions we make at every stage: site selection, floor plans, mechanical spec, staffing models, capex. It forces us to build for a 20-year hold, not a 3-year exit, because we are the ones living with the consequences of every value-engineered cut.
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ii.
Patient capital, patient buildings
We do not chase the cycle. We underwrite to own through at least one downturn. That means conservative leverage, interest reserves that actually cover the construction window, and capital partners who understand that a good building in a good neighborhood does not need to be sold to return principal.
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iii.
Compliance is a strategy
Neeli Khanna holds California DRE License #01522444. Our EB-5 petitions are prepared with outside immigration counsel. Our securities offerings are filed under federal exemption and limited to accredited investors who self-confirm via our investor questionnaire. Our RCFE communities are inspected on schedule. Compliance is the work itself — not a hurdle to it.
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iv.
Family continuity
The firm is built to outlast its founders. Three generations of the Khanna family are already involved in the business. Family continuity is not a marketing line — it is the succession plan that keeps the firm operating on the same principles for the next twenty-five years.
Built chronologically.
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2001
First transaction in the Bay Area.
A single building, a one-hour radius, a long view — the foundation laid in California, never left.
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2007
Into ground-up development.
The pivot from acquisition to construction. Building, not just buying.
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'08–'12
40+ transactions, all in the Bay Area.
Built scale and conviction through the downturn — buying when others were selling, holding what others were flipping.
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2018
Venture into assisted living.
A new operating discipline — clinical, regulated, deeply human. A new audience to serve as carefully as the buildings.
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2026
Capitol 101 groundbreaking. Velora Dos Palos opens.
The firm's largest year — a 126-unit downtown development breaking ground while the first 58-bed senior community comes online. Multifamily and senior care delivering simultaneously, twenty-five years on.
The people behind the firm.
Three generations. Two families. One discipline.
Rishi Khanna
Founder. Sets strategy across development and investor relations. Oversees Capitol 101 and Velora.
Neeli Khanna
Licensed California Real Estate Broker. Leads Filbert Villas sales, leasing compliance, and residential transactions.
Ramesh Khanna
Family patriarch. Set the discipline of operating what you build. Strategic counsel across every business line.
Pradeep Madhok
Strategic partner. Real estate veteran with decades of California operating experience. Capital partner across project-level investments.
Pooja Madhok
Senior advisory and capital. Strategic counsel on partnerships, capital structure, and investor relations.
Yuvraj Khanna
Technology and digital infrastructure across the firm. Co-contractor on Golden Years Living. Building the next-generation operating systems.
Vikram Dutta
Investor relations across syndication, EB-5, QOZ, and preferred equity. Liaison for accredited investors and family offices.
Apri Ghuman
Civil engineering and construction consulting across multifamily and senior living projects. Site planning, entitlements, and constructability review.
Sunil Shah
Project management across active developments. Coordinates the contractor, design, and consultant teams from entitlement through delivery; owns schedule and budget on the ground.
Built to outlast its founders.
Three generations of the Khanna family are involved in the firm — from chairman-level counsel to the next generation already training on operations and resident-family communication. Strategic partners and advisors complete the team across capital, construction, clinical care, securities counsel, immigration law, and CPA review — named on request to qualified counterparties and listed in offering documents.
A family business is harder to scale, easier to trust, and slower to break. We have made our peace with all three.
A one-hour radius.
Every active project sits within a one-hour drive of our Newark headquarters. Going deep, not wide, is the discipline.
Newark
Headquarters. Filbert Villas — 16 townhomes in predevelopment.
Fremont
Capitol 101 — 126 luxury apartments and 14,000 sq ft retail at 3411 Capitol Ave.
Dos Palos
Velora Dos Palos — 58-bed assisted living and memory care community.
Chowchilla
Golden Years Chowchilla — 41 beds of operating assisted living and respite care.
2030 pipeline
Velora communities planned across Santa Clara, Alameda, San Joaquin, and Stanislaus counties.
By design
No out-of-state expansion. Local political relationships, contractor pipelines, and rent tables compound over decades.
What we are building right now.
Capitol 101
126 luxury apartments + 14,000 sq ft retail · Downtown Fremont · Breaking ground 2026
Filbert Villas
16 three-story townhomes · Newark · 4 bed / 3.5 bath · 2027 delivery
Velora Dos Palos
58 beds of assisted living and memory care · Opens July 2026
Golden Years Chowchilla
41 beds · Assisted living + respite · Already serving residents
Project Gyan.
Founded in 2025 by the Khanna family, Project Gyan provides digital access — laptops, connectivity, and teacher training — to rural schools in and around Varanasi, India. It is the community arm of the firm.
We believe a real estate business rooted in one place has an obligation to the place that made it possible, on both sides of the ocean. A portion of every Velora and Capitol 101 performance fee is earmarked for Project Gyan.
More information on the program, our partner schools, and impact reporting is available on request.
Good projects begin with a conversation.
Investor inquiries, co-GP partnerships, media, and family-side tours of Velora communities all route through one desk.