Why does Urbi maintain such a large land reserve?
Our operating policy and strategy is to maintain land reserves sufficient to cover our development needs for approximately three years in medium-sized cities and up to seven years in metropolitan areas. We believe that this policy assures continued future operations and affords sufficient time to enable us to negotiate land purchases and financing arrangements upon favorable terms, to obtain all necessary permits for development and to complete infrastructure development and integration with municipal utilities on a timely basis.
