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team is equipped with technologically advanced tools and processes like Macintosh based high end
management, visual and designing software like Archi CAD, Artlantis, M.S. Project, etc.
Emphasis on Quality Construction
We believe that the quality of our construction is in line with the best construction practices adopted in the real
estate industry. We place a special emphasis on ensuring that our quality standards are adhered to at every stage
of a project and for every product delivered to the client. Our internal processes and methodologies ensure that
various departments and employees of Our Company are aware of their respective roles and obligations, and
various activities of construction and development are consistent with the standards of quality that we have set
for ourselves. This also ensures uniformity in all our processes.
Land Identification at Attractive Pricing and Strategic Locations
One of our key strengths is our ability to identify suitable tracts of land in and around Mumbai. Land
identification at attractive pricing and strategic locations is a key factor for the success of our business. Our land
reserves enable us to maintain a consistent and significant portfolio of projects under development and therefore
form an important asset for our business.
Good Relationship with Key Intermediaries
We believe that the transparency and efficiency in our operations have helped us in developing good
relationships with our customers as well as Key Intermediaries viz. architects, project management consultants,
contractors, etc. in the real estate industry. We have the key competencies to deliver a project from its
conceptualization stage to completion stage.
Our Company is associated with various agencies for outsourcing the work in respect of structural engineering
firms, wood works agencies, mechanical and electrical equipment providing companies, electrical installation
agencies, plumbing agencies, graphic agencies, etc. The above arrangement enhances Our Company’s ability to
ensure that products and services required for development and construction of a project meet our quality
standards and are delivered in a timely manner.
Strong and stable management team with proven ability
We have a strong and experienced management team with established and structured corporate processes. A
majority of our team members have been with Rodium group for more than 5 years. We believe our
management team has a long-term vision and has proven its ability to identify suitable land parcels.
We also believe that their understanding of the market and flexibility in managing our operating and financial
leverage has enabled us to adapt to the changing market conditions in a focused and constructive manner. We
believe that the strength of our management team and their understanding of the real estate market will enable
us to continue to take advantage of current and future market opportunities.
Business Strategy:
The following are the key elements of our business strategy:
Maintain High Standards of Quality and Increase Scale of Operations
We believe that we have developed, through our Promoter Group, a reputation for consistently developing
projects known for innovativeness, quality and delivery in a timely manner. We intend to continue to focus on
innovation and quality project execution in order to maximize client satisfaction. We also intend to continue to
use technologically advanced tools and processes to ensure quality construction.
We also intend to expand the scale of our operations while ensuring quality and efficiency in our operations. By
outsourcing construction activities such as design, architecture etc., we believe it would enable us to undertake
more development activities while optimally utilising our resources. We intend to continue to outsource
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activities such as design, architecture and construction to well known and reputed firms and intend to enhance
and leverage our existing relationships with various service providers.
Expand into new geographical areas
Although we have focused our residential and commercial development activities in and around Mumbai, we
are planning to foray into Gujarat and other emerging markets. We intend to develop and construct residential
and commercial projects and also undertake plotted development in other cities also.
Continue our Focus on a Diversified Business Model
We are currently focused on the development of residential and commercial real estate projects. We develop
projects catering to customers in all income groups. We intend to maintain a spread of the different types of
projects we are involved in as this provides us with a strategy for growth as well as mitigating the risk of
focusing on only a few types of projects. Expanding our business portfolio would enable us to further diversify
our revenue streams and also enhance the value and position of our brand.
Flexible approach to project development
Our strategy is to be flexible in our approach to project development and to constantly monitor market
conditions with the intention of aligning our product offerings with current market demand.
We are presently focusing our product offerings in the residential and commercial segment as we believe that
there are greater growth opportunities at present in these segments. We plan to selectively develop commercial,
retail and hospitality projects only once we have obtained financial closure for each project.
Marketing Strategy
We believe that in the present economic scenario, Our Company has been able to maintain a good sales
portfolio, due to our pre-eminent strengths in quality construction, project execution capabilities and above all, a
strong and an aggressive marketing strategy. We intend to continue targeting increased sales by innovative
means of marketing to our existing customers.
Our Operations
Our operation mainly consists of construction, development and marketing of our real estate projects in and
around Mumbai in Maharashtra.
Ongoing and Planned Projects
The table below contains details for our ongoinging and planned projects:
Sr.
No.
Project
Location
Project Type
Estimated Saleable Area (in
Square Feet)
Ongoing Project
1
X'czar
Juhu - Vile Parle Residential
37,532
Planned Projects
2
X'enus
Matunga
Residential and Commercial
#24,123
3
X’point
Kandivali
Residential and Commercial
#80,227
Total
1,41,882
# Based on Management Estimates
1.
X’czar
X’czar is a residential project offering premium residential apartments. The plot area of the project measures
8,109 sq. ft. and is located at Juhu, Mumbai. Our Company has acquired the said plot of land from Mr.
Jethanand Lalwani, Jethanand Lalwani (HUF), Mr. Dilip Lalwani, Mr. Haresh Lalwani, Mrs. Ganga Lalwani,
Ms. Padu Lalwani, Mrs. Juhi Motwani and Mrs. Jyoti Godhwani by entering into purchase agreement dated
December 9, 2009.
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