XRBIA unveils 12 JVs for low-cost housing

    Low Cost Housing
    In order to increase its footprint in the segment, a renowned name in the affordable housing segment, realty major XRBIA Developers is currently in the process of preparing a roadmap covering all important property markets in India by inking 12 joint ventures, said official sources, claiming that the company is in talks with six prospective partners in these markets for joint ventures. Local expertise scores high in real estate being a localized business, and therefore, it is looking at partnerships and joint ventures to support its growth objective. It has already forged 18 such partnerships including six in overseas markets and the rest in the domestic real estate arena. This is the target for this year and it will keep getting revised every year, Founder Rahul Nahar said, and added that XRBIA Developers will be infusing Rs.500 crore into these ventures as equity capital.
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