The firm, which was founded in 2012, has already become a major provider of affordable housing in India and hopes to tackle the housing crisis in the UK.

Xrbia is hoping to deliver affordable homes in London for around £80,000 and is seeking joint venture opportunities with several UK developers.

The developer uses new construction technology based on a hybrid of steel framing and concrete that produces homes at a low cost within short timeframes.

All utilities are delivered by renewable sources as water, electricity and sewage are recycled and controlled through customers’ smartphones.

Rahul Nahar, founder of Xrbia, said it had researched the western market for some time and felt that the UK would benefit the most from its low-cost, technology-led approach to housebuilding.

“We are looking to work with forward-thinking social housing developers who have moved on from the legacy approaches that are holding back a number of more established players.

“To build the number of homes the UK needs is not just about bricks and mortar, but fundamental changes in philosophy and process.”