Building a Dream: Anilesh Ahuja’s Vision for Solitaire Valley
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by Garima
- 15/07/2024
- Anilesh Ahuja, Anilesh Ahuja Latest News, Neil Ahuja, Prayagraj, Premium Apartment, Real Estate
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In a way, Anilesh Ahuja was always destined to build a city.
Raised in the urban chaos of Mumbai, he relocated to a quaint New England hamlet at the age of 14, leaving behind a tight-knit community and grappling with the isolation of his new environment. After years of searching for a place that truly felt like home, he decided to build one himself: the community of tomorrow.
Ahuja describes Solitaire Valley, the 200-plus-acre planned community he’s developing in Prayagraj, Uttar Pradesh, as “aspirational.” This term captures both the project’s grand scale and its innovative construction. Featuring 56 percent green space, the development incorporates eco-friendly features such as solar panels contributing to the community’s electrical grid and water-harvesting systems ensuring carbon-neutrality.
“These are very modern concepts for where we are. And they are very, very important for the future,” Ahuja said. “We’re giving kids space to be kids, where they can play instead of just running around cars.” The innovations extend beyond smart layout and environmentally conscious design. Solitaire Valley is planned based on the latest research on healthy communities, featuring diverse housing structures, varied transportation options, walkable living areas, and affordable homes.
“This is a small town. And people who live in small towns think of single-family houses as home. It’s like there’s this cultural phenomenon of single-family versus multifamily. People feel more comfortable owning their own land. So, we created a lot of single-family houses of different sizes,” Ahuja explained. “Interestingly enough, we’ve also noticed that people prefer low-rise multi-family homes over high rises. The taller a building goes, the less of an ownership feel it has, and they’re not as comfortable yet. This is not a tier-one city where everyone’s living in concrete jungles. This is still that connection to your home and your land.”
The range of single-family homes is vast, with the least expensive options priced at a fraction of the highest-end models. This diversity attracts a variety of residents, essential for creating a true community feel. Ahuja cited research showing that diverse communities enhance both individual and collective quality of life, especially within livable neighborhoods. “The idea is to allow community members to have easy access to shops, grocery stores, restaurants,” he said. “We also have two movie theaters, but they are planned as multi-use facilities. They can be used for movies, lectures, corporate retreats. Just watching a movie now in a theater has become extremely unpopular, but birthdays and parties are still very popular, so our community members can use those spaces for social needs as well.”
Learning from the Past
When Ahuja joined Solitaire Valley, he brought with him the lessons he learned during his extraordinarily successful career on Wall Street. As a former investment banker and hedge fund founder, Anilesh Ahuja knew the benefits of vertical integration. By combining all facets of a business under one roof, companies can eliminate middlemen and save on margin costs. He wasted no time applying this principle to Solitaire Valley.
“My goal was to capture the whole life cycle of a person’s experience and time in the home,” he said. “When you first start off, you either rent or take a mortgage. When you take one of our homes in the rental program, you can live there until you’re ready to buy. Then we would give you a mortgage that would let you buy the same house.” Vertical integration also allows for more robust control, ensuring the use of high-quality materials at every level of the business.
“All the engineers, sales, finance, accounting, marketing—everything—is under the same umbrella,” Ahuja said. “The only thing we outsource is construction labor. Everything else is in-house. We even make our own cement. We make sure that most of our building materials are produced in-house for quality control purposes. Anything that’s an input for a home’s foundation is checked and rechecked. Our quality control is extreme.”
From Wall Street to Main Street
If moving from India to New Hampshire was a big jump, transitioning from a career that included founding a hedge fund and serving as global head of mortgages at Deutsche Bank was even bigger. But for Ahuja, the chance to make a difference for future generations was too good to pass up. He remembered feeling like an outsider at an all-boys prep school in New Hampshire. Despite his family’s economic success, the lack of community made his life difficult.
“I’m very, very happy to be in the position of creating and delivering what families need,” he said. “We’re not trying to squeeze every last dollar from our development. Instead, we’re trying to make sure that the community gets what it needs to be a thriving neighborhood.” Importantly, this means making the community work for everyone, from blue-collar workers to CEOs. Diversity fosters innovation, creativity, and social cohesion, leading to better overall life outcomes for residents and their children.
“That’s the kind of work worth dedicating a life toward,” Ahuja said. “If I build a community where you open the gate and everyone is identical, that is not reality. We want to get away from that. People come from different socioeconomic backgrounds and fields of expertise. They have different likes and dislikes. That is a community. That is what’s real.”
Creating a Home
Ahuja sees Solitaire Valley as a way to return to the varied, inclusive communities of his childhood. “I grew up with people from diverse backgrounds. There were different sizes of apartments and people from various socioeconomic backgrounds. And I believe that’s what a community should be. I go back to those basics when I try to figure out what the community experience should be for our residents.”
As Solitaire Valley continues to take shape, it stands as a testament to Ahuja’s vision and dedication. The community embodies modernity while honoring the timeless principles of inclusion, sustainability, and genuine connection. For Ahuja, building Solitaire Valley is not just a professional achievement; it’s a deeply personal mission to create a place where everyone can truly feel at home.
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