Business News This Week
- Hands over 350 homes at its Vaibhav -Palghar project in a record time of 20 months
- VBHC is the first developer to offer a fast growing township in Palghar
Mumbai, Maharashtra, India
The pioneer of quality affordable housing - Value & Budget Housing Corporation (VBHC) has reiterated its commitment of bringing affordability to the country’s most unaffordable market with the delivery of over 350 homes at its Vaibhav -Palghar project in Mumbai.VBHC is the first real estate developer in the entire Palghar area that has delivered 350 apartments in a record period of 20 months. Also, the organization is the only developer in the region that offers such a large-scale residential development equipped with all modern amenities.
Speaking at the handover ceremony, Mr. P.S. Jayakumar, Managing Director, Value and Budget Housing Corporation (VBHC) said “This is a proud moment for us at VBHC to have been able to deliver homes for possession to 350 owners within the promised period. At VBHC, we believe in creating a sustainable communities for our customers. The Palghar project is a testimony to our endeavor towards the same.”
The project is spread across an area of 47 acres with 70 per cent of open space with landscaped gardens and a kid’s play area. Vaibhav- Palghar like other projects of the company has used the reliable FORM based construction technology. The project has also incorporated various sustainable elements like dual plumbing, solar water heating, bio gas plant & sewage treatment plant along with recreational facilities like club house, shopping complex as well as other amenities.
With pan India presence, VBHC is one of the few developers in the country dedicated to serving the low cost housing segment and has simultaneous projects being lined up in Tier I, II & III cities to cater to the increasing demand for affordable housing. The company is in various stages of identification and procurement of land for developing affordable housing in the states of Rajasthan, Gujarat, Maharashtra, Tamil Nadu, Uttar Pradesh and Madhya Pradesh to expand its national footprint. VBHC has large scale expansion plans and promises to deliver 18,000 homes in the next 3 years as it expands its footprint across India.
About VBHC: Value & Budget Housing Corporation Pvt. Ltd. (VBHC), is an ISO 9001:2008 certified professionally managed real estate company which believes that good quality living should be within everyone’s reach. The company was co-founded by former Mphasis Chairman, Mr. Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head, Mr. P. S. Jayakumar.
With marquee investors like HDFC, IFC, Carlyle and Caspian Advisers, VBHC has large scale expansion plans and promises to deliver 18,000 homes in the next 3 years as it expands its national footprint across India.
VBHC's objective is to provide housing that meets high quality construction standards, ensures speedy completion and delivery at low cost. These objectives are best met through the application of contemporary building technology, computer aided design methods, a lean manufacturing process and the adoption of ingenious industrial engineering processes. VBHC has been able to transform real estate development into a lean industrial process with the use of 'form' technology.
VBHC homes are meticulously planned and designed to give one’s family the true experience of modern living. At present, VBHC has projects in Bangalore, Chennai, NCR and Mumbai. VBHC has received the much acclaimed EDGE (Excellence in Design for Greater Efficiencies) green building certification from IFC for its apartment buildings the only company in India to achieve this certification.
For more information log on to: www.vbhc.com
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