Orbit Corporation (ORBITCO), incorporated on Mar. 07, 2000, is engaged in the redevelopment of properties in the island city of Mumbai with a mix of open land plots in prime locations of the city. Earlier known as Orbit Cybertech, it got its present name on Aug. 18, 2006. Prime focus is on redevelopment of existing properties. The company specializes in developing, designing and managing high-end residential and commercial properties. A team of established architects like Hafeez Contractor, Won Chiu Man from Singapore, Talati & Panthky and Atul Desai & Associates have participated in company projects. A strong portfolio has been built at prime locations like Napean Sea Road, Parel, Bandra-Kurla Complex, and Santacruz. Having completed residential projects like Shivam, it has ongoing projects like Orbit Grand, Orbit Arya, Orbit Eternia, Orbit Haven, and Orbit Heights. Ongoing commercial projects include JSW HQ and Hafeez Contractor House. As on Mar. 31, 2008, it has constructed commercial area of 256,395 sq. ft., sold 440,747 sq. ft. and has 645,747 sq. ft. available for development.
A residential area of 198,017 sq. ft. has been constructed and 213,176 sq. ft. sold, with 514,042 sq. ft. available for development. In July 2008, Orbit Residency, a wholly-owned % subsidiary, was acquired to look for small-sized plots of upto 1,000 square meters. The company also acquired 85% equity stake in Ahinsa Buildtech, which has entered into a deed of conveyance with the receiver of debt recovery tribunal for acquiring the Orkay Mills property at Andheri in Mumbai. The registered office is at The View, 1st Floor, 165, Dr. Annie Besant Road, Worli, Mumbai-400018.
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