Mumbai: India’s leading real estate developer XRBIA Developers recently announced the beginning of early possession of 1,000 apartments in XRBIA Hinjewadi project 8 months ahead of the projected delivery date, completed in less than 24 months. With this unique milestone XRBIA has created a niche for itself in the realty sector on the auspicious occasion of Gudi Padwa, where the markets are swamped with promises of offers, gifts and lucrative discount options.
The company is planning IPO by next year.Currently spanning its realty footprints across cities like Pune and Mumbai with over 6 million sq. ft. of existing development and 20 million sq. ft. of planned projects, XRBIA reflects an unwavering dedication of providing world-class cities in India that put forward sustainable, smart homes for every Indian. These smart cities are strategically located in areas such as Khalapur, Karjat, Warai, Vangani, Neral, Balewadi, Hinjewadi, Chakan, Talegaon and Jambhul which are the next growth precinct and emerging real estate destinations.
Rahul Nahar, Chairman & Managing Director, XRBIA Developers, said, “An early possession of our Hinjewadi project clearly shows our commitment towards our brand promise of transparency, trust, reliability and timely delivery. Combined with cutting edge innovation and unique eco friendly technologies, our projects like the one in Hinjewadi offer huge business potential and seen substantial investments from Mumbai and other major cities. Also we are happy to share that in this project our customers have gained an appreciation of 150% just in a couple of years.”
Each XRBIA smart city is thoughtfully built catering to all aspects of infrastructural amenities including education, intra city transport, entertainment, healthcare, smart homes and technological interface across each city. Interconnected club house and schools, exclusive tie-up with Disney Entertainment, alliance with famous religious places to create replica at XRBIA townships, smart cards that acts as currency within the townships, child tracking system, free home insurance against theft and fire, personal accident insurance for the bread winner, family floater plan, child safe equipment in kitchen are just some of the unique offerings by XRBIA in addition to a whole lot more, fostering community spirit and superior living experience.
To create a township that is par excellence and elevates quality of life for every single resident, XRBIA has seamlessly infused technology within modern architecture, while maintaining the sanctity of the environment. The revolutionary housing design, smarter space utilization and concept of convertible homes at XRBIA smart cities are brought into reality by Architect Hafeez Contractor.
With the projection of building 100 new cities and declaration of 10 smart cities, XRBIA has already set a benchmark in the realty industry. XRBIA has launched 5,000 houses up till now and going forward aims to launch another 10,000 houses by the end of this year.
“The strong policy announcements made by the government towards providing “Housing for All by 2022”, strengthens our vision of providing future ready sustainable homes to every Indian by 2030. Coupled with increased focus towards creating suburban infrastructure corridors outside large cities by increasing the spend on local rail corridors, multi modal road networks and an increased impetus on urban infrastructure, will enable the overall industry to build the millions of units that the country needs for its housing deficit.”, added Mr. Nahar
Current Indian Real Estate scenario:
The Indian real estate market size is expected to touch US$ 180 billion by 2020. The housing sector alone contributes 5-6 % to the country's gross domestic product (GDP). Also, in the period FY08-20, the market size of this sector is expected to increase at a compound annual growth rate (CAGR) of 11.2 per cent.
As per KPMG’s analysis of the government’s “Housing for all by 2022” vision, will entail development of about 11 crore housing units by 2022 including the current shortage of about 6 crore units. The housing need is almost equally distributed in urban and rural areas in the range of 5 to 6 crore units, and primarily consists of affordable houses. Development of such large quantity of houses may require investments of over USD2 trillion. This translates to about USD250 to 260 billion annually, more than double the annual investments witnessed in FY14.
While the real estate sector continues to reel under the pressure of rising demand for value segment housing, lack of industry status, need for increased investments, taxation reforms among others; industry reports however indicates huge potential in this segment which will only grow in the next 5-10 years.