Indian developer set to build 100 cities by 2030

— Supplied photo dubai — By the year 2030, India will face a shortage of 100 million homes, forecasts Xrbia, a developer. By building 100 new cities, Xrbia hopes to meet one per cent of this housing shortage.

Xrbia aims to build sustainable cities across India. These communities will provide water, sewage treatment, sanitation, roads, education, entertainment and healthcare.

“It has been predicted that by 2030, our cities will be home to 800 million people. This means that 70 per cent of India’s population will live in cities. To accommodate the demands of urban expansion, Xrbia will build 100 cities by 2030,” said Rahul Nahar, founder of Xrbia.

Xrbia apartments have a price tag of Rs1.3 million and upwards while villas cost Rs4.3 million. There are various payment options for investors — a return-on-investment scheme; pay 10 per cent now and the balance on possession; pay 10 per cent now and 90 per cent in 60 EMIs at zero per cent interest with no income proof required.

A Xrbia spokesperson said: “Our projects are large townships. Xrbia cities will benefit from speedy production cycles. Our construction technology is three times faster, with four-storey buildings constructed in only 90 days. This makes the project input costs feasible and ensures speedy completion.”

Each home is designed with futuristic technology that can be accessed via a smartphone. Residents can use smart cards loaded with currency to make payments in Xrbia cities, providing access to the clubhouse and concierge services.

Every Xrbia city will provide child tracking systems, 24x7 security monitoring, Wi-Fi connectivity, uninterrupted power supply, smart washrooms and kitchens, with home appliances connected via sensors.

The spokesperson added: “NRIs are investing in upcoming areas as developed areas do not have much potential to appreciate. In the affordable housing segment, there are very few trusted brands in India. The benefit of buying a Xrbia property is that all our projects have the required permissions. Secondly, different payment plans and mortgage options make it easy for the investor. Moreover, the location, price and quality make it a preferred option for investors.”