Bangalore-based Edifice Builders specializes in full-service real estate development and property management in India, Edifice managing director Nikhil Thard told India-West here in an interview May 6. On a visit to the San Francisco Bay Area to attend a major real estate show, billed as “Risa Realty’s India Property Show,” in Santa Clara, Calif., the India-based real estate developer said his company handles the gamut of real estate services — including land acquisition, property development, approval and permits, rentals, interiors, resale and property management — as a one-stop solutions firm. “We make it easier for NRIs (non-resident Indians) in all their property dealings,” he added. The company currently has “high-end” property projects in Bangalore, Tamil Nadu and Assam. “We have a staff of world class consultants,” Thard emphasized. Rippy Sethi, chief executive officer of New York-based Risa Realty, Edifice’s representative in the U.S. and one of the largest consultancies in the U.S. for real estate development in India, told India-West that Edifice has the experience and support system to develop “villas and also commercial property.” Through Edifice, an NRI can “buy a villa and do everything while sitting here,” Sethi said. Thard pointed out that NRIs could get together to form a group with the same property or development needs and his company will take it from there. “We know how to develop property with the American way of life for NRIs,” he said. “Ten friends could get together and we can develop villas to their specifications.” Edifice is an arm of eCoCreate, a parent company with interests in real estate development, restaurants, global technology, art, music, food, wellness and other sectors. Thard said the company is setting up about 11 separate companies, including three in the U.S. “We have a group platform that enables people to chase their dream of entrepreneurship,” he explained. One project on the drawing board is a resort development in the U.S., Thard told India-West. “Our co-create strategy is ‘revenue first.’ We create revenue first and then the cost is built in.” According to the eCoCreate Web site, “The idea to bring together resources that otherwise wouldn’t be available to individuals or entities to realize global, world class products and services without VC or seed funding is quite new and radical and is more focused on a very synergic growth of ideas, people and organizations.” “The ultimate objective is to create an ecosystem very intricately connected, complementing organizational capabilities and fueling the growth of all stakeholders.”
Article source: http://www.indiawest.com/news/11158-edifice-builders-creates-one-stop-shop-for-india-real-estate.html