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The Greater Toronto Area (GTA) faces ongoing challenges with housing affordability, intensified by recent hikes in interest rates and rental costs. Aruba Designs, led by Onkar Mishra, responds to these challenges by offering innovative, cost-effective housing solutions.
Affordable and Innovative Housing Solutions
Mishra’s entrepreneurial journey is inspirational. An Indian immigrant, he moved to Canada in 2012 to pursue higher education. He earned degrees in project management and finance from York University. After various corporate roles, he founded Aruba Designs in October 2020, motivated by a desire to positively influence society and be part of the solution to the housing affordability crisis.
Since its establishment, Aruba Designs has completed over 300 projects, focusing on constructing legal basement apartments. These units provide homeowners with an additional income stream and offer affordable rental options in desirable neighborhoods, benefiting seniors, students, unskilled workers, and recent immigrants.
The company’s business model prioritizes affordability. It delivers construction and renovation services at costs that are typically 30-50% lower than those charged by larger companies. By renting equipment instead of buying, minimising overhead, and purchasing supplies in bulk, Aruba Designs facilitates broader access to homeownership and rental opportunities.
Community Impact and Industry Recognition
Aruba Designs affects more than just construction. With a steadfast commitment to enhancing community welfare, the company actively engages in two non-profit construction projects every year. These initiatives are designed to provide much-needed housing solutions to new immigrants, single parents, and individuals with disabilities.
The company’s dedication to maintaining high standards of quality and safety has been recognized with awards, including the Best of Homestars Renovators in 2024 and the Best Businesses in Canada award from the Canadian Business Review Board in 2022 and 2024. Mishra has also been nominated for the 40 under 40 awards by Business Elite for 2024.
Sustainable Growth and Market Response
Aruba Designs has experienced remarkable growth and resilience, overcoming challenges like rising material costs and labor shortages with impressive steadiness. Within just 18 months of its inception, the company successfully completed projects valued at over $1 million.
The company's effective and economical solutions have met strong market demand, showcasing its role in transforming housing accessibility challenges into opportunities for affordable living. The company exemplifies how entrepreneurial vision can turn challenges into opportunities, opening the door to affordable housing for all. As founder, Mishra has developed a business model that thrives amid adversity while creating new avenues for homeownership in today's economy.
About Aruba Designs
Aruba Designs, established by Onkar Mishra in October 2020, addresses housing affordability in the Greater Toronto Area. The company focuses on building legal basement apartments and completing over 300 projects. These developments provide homeowners with supplemental income and offer affordable living spaces in desirable neighborhoods.
Contact Info:
Name: Onkar Mishra
Email: Send Email
Organization: Aruba Designs
Website: https://www.arubadesigns.com/
Release ID: 89140847
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