Navin Raheja, Chairman & Managing Director, Raheja Developers
With revenues of Rs 5 billion and matching profits for the current financial year, Raheja Developers is amongst the front runners in the realty sector in India. With a land bank of about 58 million sq ft of developable area, the company and its associates have been developing high-end residential, commercial and SEZ projects worth Rs 40 billion and have tied up projects worth Rs 80 billion. Founded by Navin M Raheja, a first-generation entrepreneur, today, the company enjoys a strong presence in the NCR and stands apart as it offers luxury at a reasonable cost. In recent times, Raheja Developers has formed a JV with the world's leading construction company Arabtec, which has built prominent structures such as the Burj Khalifa. It has a similar arrangement with UAE construction company ECC. Along with the 38 national and international awards bagged in the past two years alone are commendations such as the Euromoney International Poll of 2011 that judged Raheja Developers 'The Best Developer in India'. "Raheja is a trusted household name, known for quality construction, timely delivery and, above all, a niche design sensibility because of our in-house design strength," says Navin Raheja, Chairman & Managing Director, Raheja Developers. "We have collaborated with various international architectural and MEP practices to execute some of the most challenging projects in India. We also work with some of the best contractors in the world to ensure our clients receive a high-quality product, well in time."
InnoVision as the strategy for future growth
"Every Raheja project is designed with the highest ethics of design, sustainability and luxury. The design team consists of over 20 seasoned architects. All projects are LEED-certified green buildings that incorporate technologies like water recycling, rainwater harvesting, dual flushing systems to use STP water for gardening, Adan water heating, using all wastages of tiles, marble, granite, concrete, brickwork on site, and double-glazed windows for increased insulation and minimum AC loads, etc. Also, all water used for construction is taken from the sewage dis¡-charge of the city and recycled with onsite STPs."
Future plans and vision
"The company recently launched three projects in Gurgaon, Dharuhera and Sohna. The Gurgaon project was conceived as a luxury project with a mix of high rise and low rise development keeping in mind that some buyers prefer high rises while others like townhouses. There will be many more meaningful international tie-ups, innovations and technological research in the coming future."
CASE STUDY 1
Project: Raheja Oma, Dharuhera Type: Residential Size: 0.66 million sq ft Completion: Ongoing
InnoVision factors: The shortage of skilled manpower adept with new technology is a challenge. The project features a monolithic structure with a single central core to increase efficiency. The footprint of the tower is maximum on ground level, but goes on reducing, resulting in a pyramid form that helps reduce the impact of wind pressure on higher floors. The central part with the core will go up to the top level, rendering stability in case of an earthquake. Terraces and fire-refuge zones are being carved out in a natural way. This is a zero-discharge building that employs eco-friendly technologies. It has various categories of dwelling units, ranging from 1/4 BHK (700 sq ft to 3,500 sq ft, low rise to high rise).
CASE STUDY 2
Project: Navin Minar, New Delhi Type: In situ- Slum Rehabilitation Size: 2 million sq ft (Developable area) Completion: EWS-two years from launch of project; Residential, commercial-three years from launch of project
InnoVision factors: Clearances with multiple-window systems results in delay. One of Delhi's tallest towers at 61 floors, and the city's first slum rehabilitation project has apartments for 2,800 of the economically weaker section (EWS). The project features a prefabricated building structure where slab and walls are cast on ground and put in place. It uses an advanced building management system to integrate building MEP and advanced home automation system to integrate lighting, AV equipment temperature control, etc. The use of dry wall partition systems eliminates brickwork and plaster systems, increases speed of execution, and integrates systems within the walls faster.
CASE STUDY 3
Project: Raheja Atlantis, Gurgaon Type: Residential Size: 1,100,000 sq ft Completion: January 2011
InnoVision factors: The first major housing project undertaken by the company faced challenges such as cost of construction within limited budget; multiple-window clearances; shrinkage of labour supply; and escalation in material prices. The project features architectural design based on concepts and specifications on a par with international standards conforming to Delhi's seismic code; high-efficiency floor plans with minimum super area; energy-efficient building with latest climate controls; split-level in all apartments; airy windows and large balconies; a master bedroom with jacuzzi; electronically operated shower cubicles; velvet touch finish on walls; water harvesting and re-usage; double-glazed, thermally insulated, tinted glass for window panes; solar energy; use of non-toxic, bio-degradable materials; and use of CFL and light fittings.
CASE STUDY 4
Project: Raheja Revanta, Gurgaon Type: Residential Size: 1.85 million sq ft Completion: Ongoing
InnoVision factors: Challenges included multiple-window clearances; innovative construction techniques that may lead to escalated expenses; shortage of skilled manpower; and delays in the supply of imported items. One of the tallest buildings in India, Surya Towers contains three towers of over 56 stories joined together. There is a provision for a helipad on top of the building for which approvals are awaited. The project is designed for a clubhouse, sky bridge with India's highest infinity swimming pool, and amenities like a laundromat, mini theatre, automated car wash, valet parking, complete three-tier security, earthquake safety, power back-up, and advanced fire-fighting and smoke detection systems.