BEST DEVELOPER WORLDWIDE GOLD: Raheja Developers Ltd
Raheja Developers Ltd of India won the title of Developer of the Year Worldwide at The OPP Awards for Excellence 2011 this year, alongside 40 other OPP gold and silver medal winners who were all honoured at a special presentation ceremony at The Property Investor Show & OPPLive in October.
Raheja dominated the developer categories because, the judges said, “it is clear to see that Raheja is a construction and development company with a difference. It offers luxury living for smaller costs, excellent customer care levels, and the highest imaginable standards for the welfare of its staff, as well as for the environment.”
“India is a country that is expanding fast and developing new homes at a breakneck speed. It needs fi rms like Raheja to make sure that it moves forward with a world-class vision of delivering the best possible products at the best possible prices. Planning, people, marketing, sales, administration and delivery - they do it all so well. An excellent entry.”
In accepting the top prize, Navin M. Raheja, the company’s founder and managing director, told OPP: “This is a great moment for the company by way of getting recognised. It encourages us to keep it up and to pose ourselves new challenges in the hope of becoming even better.”
Raheja Developers Ltd (RDL) was incorporated in 1990 and is now one of the NCR’s (National Capital Region’s) leading real estate developers, and is headed up by founder Navin M. Raheja.
RDL has been focused on residential projects right from the start, and it has now diversifi ed into other property development markets such as the commercial, retail, hospitality, township and rehabilitation sectors in India.
Today, the company is developing high-end residential and other worth INR 40 billion and has a further INR 100 billion-worth of schemes in the pipline.
In its fi nancial results for the fi nancial year ending March 31, 2010, the company posted an operational income of Rs.389.50 crore (US$ 86.55 million), with profi ts before tax of Rs.55.13 crore (US$ 12.25 million).
Total sales during the fi nancial year 2010 / 11 were approximately Rs. 437 crore ( US$ 97 million) and the EBIDTA and PAT of the company grew at a CAGR of 55% and 61% respectively between 2008 and 2011.
Currently Raheja employs about 350 people and the group continues to grow its turnover by 200% year-on-year.
4 OPP Awards Winner’s Supplement 2011
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32