The Rohit Group continues to make bold plans even as global events introduce potential uncertainties. The Edmonton-based home builder and land developer, which constructs approximately 1,400 units annually, is planning to launch new neighbourhoods, significantly upgrade interior design packages, and venture into non-market housing—rental or for-sale units for low- and moderate-income buyers typically underserved by the private market—despite possible economic headwinds.
Recent increases in gasoline prices and related inflationary pressures due to geopolitical tensions could potentially push buyers to the sidelines. However, Rohit is coming off a major successful year, having been named Greater Edmonton's Developer of the Year and Builder of the Year – Large Volume at the mid-March BILD Edmonton Metro Awards of Excellence in Housing.
Eight Awards at Record-Breaking Event
Rohit won eight awards at the event, which drew a record attendance of over 1,400 people. The company also received accolades for Safety Excellence, Best Mixed-Use Development (for the Covenant Health Community Lakewood project), and Best Website/Mobile App.
"It was great recognition for the type of culture that Rohit created across the organization and with the over 200 staff we have across Canada," said Luciano Salvador, executive vice-president of Rohit Communities. "It reinforces that we really like to challenge ourselves and improve upon improvements we've already created, and it plays out in those developments and areas where we excel, which is in real estate."
Venturing into Non-Market Housing
The Rohit Group is now venturing into non-market housing, a new direction for the company. With plans for projects in Calgary and Edmonton, Rohit is preparing to unveil its strategy for this segment.
"Personally, I serve on boards for non-market housing organizations and have seen firsthand how difficult it is for them to build a non-market unit," said Adil Kodian, executive vice-president of Rohit Homes. "Our core competence at Rohit is building apartments, townhomes, duplexes, and single-family homes cost-effectively. We are good at that and have the ability to build these products at scale."
Kodian emphasized that this initiative combines the best of both worlds: "We know how to build housing cost-effectively that meets the needs of any particular segment. They know how to operate the asset properly. So if you put the two together, we can deliver and operate non-market housing cost-effectively."
