Rizvi Builders: Building the City of Dreams
Abis Rizvi, CEO, Rizvi Builders
Rizvi Builders is a name synonymous with quality construction, timely possession and transparent dealings. The company is based in Mumbai and has constructed over 500 commercial and residential projects in Mumbai and Goa. In an email interview with Accommodation Times, Mr Abis Rizvi, CEO, Rizvi Builders shares his views with us.
Q. About the company
Rizvi Builders is the flagship brand of the Rizvi Group involved with development in the Real Estate sector since 35 Years.
Q. What is unique about the services you provide?
We cater to a wide spectrum of users having Super Premium projects in Bandra, Khar, Juhu along with developments in Mahim, Irla, Malad, Kurla and Lonavala.
Q. What are your current projects? A few details about it.
At present we have completed multistoreyed buildings in Bandra and Mahim and have started three 22-storey towers in Malad.
Q. How do you think has the real estate market coped during the slowdown?
I think in retrospect with the worst apparently behind us most developers have managed to come out of the downturn without any serious casualties. The slowdown in the real estate market gave rise to more thinking of user requirements and importance of affordability factors. The threshold of affordable prices was understood better and projects now would hopefully be planned with more strategic thought to pricing.
Q. How well is the company placed vis-a-vis its peers to face the current challenges in the realty sector?
Our company being a debt free organization and working around various price specters are well placed to absorb some costs so as to maintain cash flows and competitiveness in the real estate sector. The advantage of working in Tier 1 cities as we do is that the demand is constant if not rising.
Q. What are the company’s future plans? How would it be dealt with in lieu of the current environment?
The company is working in some large slum rehab projects along with a huge existing land bank in Bandra, Kalina, Tardeo and Mahim among other premium locations in Mumbai. The current plans on the drawing board are setting the company to venture towards projects worth over 10000 crores in Mumbai.
Q. To stimulate the realty sector what measures do you suggest?
Better infrastructure is the key to sustain growth along with better housing loans programs. For the developer, corruption is an area of concern with it perforating right down without any fear or regrets.
