Roha Realty and Sabari Group have announced a strategic joint venture in Chembur, strengthening Roha Realty's position in the Mumbai Metropolitan Region. The collaboration aims to redefine premium living with sustainable residences covering 6 lakh sq. ft. and an estimated revenue of Rs 1000 crore. This follows Roha Realty's redevelopment agreement with MHADA for two societies in Subhash Nagar, aligning with their commitment to community enhancement. The collaboration with Sabari Group and the Subhash Nagar redevelopment anticipates generating approximately Rs. 1,500 crores, furthering Roha Realty's vision to be a leading developer prioritizing enduring value and customer-centric principles.
Roha Realty and Sabari Group have officially announced a strategic joint venture in Chembur, a move that consolidates Roha Realty's prominent position in the Mumbai Metropolitan Region (MMR). This collaboration is set to redefine the landscape of premium living in Chembur, with a specific focus on creating sustainable residences enriched with modern amenities. The joint project, covering an extensive 6 lakh sq. ft., is projected to yield an estimated revenue of Rs 1000 crore. Scheduled for launch in the initial quarter of FY 24-25, this development underscores Roha Realty's unwavering commitment to both quality and strategic growth in the Chembur area. Apart from this new project, Roha Realty had recently entered into a redevelopment agreement with the Maharashtra Housing and Area Development Authority (MHADA) for two societies in Subhash Nagar, Chembur. This strategic move aligns seamlessly with Roha Realty's core dedication to elevating the living experience for both residents and the broader community. The collaboration with Sabari Group, coupled with the ongoing Subhash Nagar redevelopment, anticipates a revenue generation of approximately Rs. 1,500 crores. Furthermore, Roha Realty has an additional Rs. 500 crore worth of projects in the pipeline within the same vicinity. Positioning itself with a vision to emerge as a leading real estate developer in India, Roha Realty places a strong emphasis on delivering properties that stand the test of time. This commitment is coupled with a work culture that fosters positivity and results-driven approaches, all underpinned by customer-centric principles. Harshvardhan Tibrewala, Director of Roha Realty, expressed the profound significance of the collaboration with Sabari Group, marking the commencement of a promising long-term relationship. The Sabari Group, renowned for delivering premium housing solutions, is seen as a partner providing an opportunity to synergize expertise and resources. The shared objective is to become the preferred developer for those seeking luxurious, exclusive, and sustainable living spaces in Chembur. Roha Realty's proactive approach, commitment to transparency, and focus on ethical, social, and environmental principles collectively position the company as a reliable and forward-thinking developer in the real estate landscape. Surinder Sharma, Founder and Senior Partner of Sabari Group, emphasized the collaboration's potential for success, leveraging Sabari Group's three-decade legacy alongside Roha Realty's established expertise. He highlighted their joint commitment to on-time delivery, exceptional customer service, and the development of sustainable projects.
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