VBHC to launch 2,500 budget homes
Value & Budget Housing Corporation (VBHC), co-founded by former MphasiS chairman Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head P S Jayakumar, has announced an expansion plan of Rs 300 crore.
The company will launch nine projects of budget homes across Bangalore, Mumbai, Chennai, NCR and Baroda, offering a total of 2,500 units.
VBHC has recently launched the second phase of its maiden project on the outskirts of Bangalore. Vaibhava Phase II includes development of a little over 1 million square feet of real estate containing 13 towers and 31 blocks. The project is receiving very good response from buyers.
The project will offer 1,462 residences in a configuration of Studio, 1 and 2-BHK and 3-BHK, varying in sizes from 351 sq. ft. to 1,002 sq. ft. with a price range between Rs 7.72 lakh and Rs 22.24 lakh.
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Source: Business Standard
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