After seeing the growing real estate economy, Bhagwan Asnani decided to purchase hotels on Daytona Beach and convert them into condominiums. After the renovation was complete, Bhagwan sold the condo's and decided to purchase land across Florida's east coast. It was at this point, Bhagwan decided to create a company to develop the land, and he formed Interstate Holdings. In recent months, Interstate Holdings doubled in size and moved its headquarters to a new facility in Lake Mary, Florida..

While Interstate Holdings does residential development, their main focus is commercial properties. The majority of their structures encompass office, retail, and restaurant space to highlight a unique atmosphere for shopping, eating, and working. While the majority of properties Interstate Holdings has developed are in Palm Coast, they are continuing to expand across Florida with properties in the Central Florida area. Interstate Holdings strives for excellence and continues to showcase their unique style and architecture in all their properties.