XRBIA Developers plans IPO...to launch another 10,000 houses by year end
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
Mar 21, 2015
Source : India Infoline


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.

Latest Realty News

Mar 21, 2015
BENGALURU: The district revenue officials have cleared 20 acres of government land worth Rs 678 crore encroached by various parties
Mar 21, 2015
MUMBAI: A fresh proposal by leader of the house Trishna Vishwasrao (Shiv Sena) at the civic general body meeting on Friday that properties below 500 sq ft be excluded from the capital value-based property tax system
Mar 21, 2015
Ranchi: Several high-rise buildings in Adityapur, including three on the Tata-Kandra artery, are under Jharkhand High Court scanner for alleged unauthorised use of Jharkhand State Housing Board land
Mar 21, 2015
New Delhi: The ambitious plan of Nitin Gadkari, Union minister for road transport, highways & shipping, to develop a smart city around major ports is likely to start with Kandla port
Mar 21, 2015
New Delhi: The Narendra Modi government, under pressure from within the Bharatiya Janata Party (BJP) as also from opposition parties, could allow the contentious land acquisition ordinance to lapse
Mar 21, 2015
Mumbai: The hiking of the floor space index (FSI) in suburbs and the linking of its premium to market rates, steps taken by Maharashtra government to bring down the rates of the transfer of development rights (TDR), have dampened the realty market
Mar 21, 2015
Kolkata: Credai Bengal in association with The Telegraph has organized the 2nd Edition of the CREDAI Bengal Realty Awards 2015 on 19th March 2015 at The ITC Sonar, Kolkata, where winners across 14 categories were chosen
Mar 20, 2015
Margao: Margao municipal council (MMC) launched a single window system for processing construction licenses for new building projects
Mar 20, 2015
MUMBAI: The cash-starved Devendra Fadnavis-led BJP government proposed to mobilize an estimated Rs 5,000 crore from premium on additional floor space index
Mar 20, 2015
MUMBAI: Twenty-five years after its top eight floors were demolished, the stage is set for the razing of the remaining 28 storeys of Pratibha

Latest Realty News Of State

Realty Talk's