Value & Budget Housing
Corporation (VBHC) has launched its first residential project in Chennai
targeting the first time home buyer.
The firm, which is focussed on
affordable (low cost) housing with units priced between Rs. 5 lakh & Rs. 20 lakh, has started work on the VBHC
Vaibhava at Oragadam, an industrial hub to the west of Chennai.
Mr. J. Rao, Chairman, VBHC said
''The project is in line with the company’s plans to offer a quality product at
a reasonable price – a sustainable business model.Our houses will carry a price
tag nearly 15 to 25% cheaper than equivalent products in the market while not
compromising on the quality. A professional set up, a tight production line as
practised in the manufacturing sector, modern technology, reasonable profits
& above board transactions are key to the business model".
Highlights
of VBHC Vaibhava
^ It will offer 2 bedroom units
of close to 800 square feet priced at nearly
Rs. 16.6 lakh. It has started work on about 150 flats distributed across
buildings of stilt plus 4 floors.
^ The rate works out to about Rs.
2,099 per square feet.
^ Projects are announced only
after all statutory clearances are obtained & delivery is targeted at nearly 12 to18 months.
^ With aluminium form work
construction, the mechanised construction involving poured concrete using
aluminium moulds helps speedy delivery.
About VBHC..!
The VBHC’s first project in Bangalore has
started delivering finished flats to buyers. Of the 1,864 houses in the first
phase there, the company has sold 1,100 and delivered nearly 400. It announced
subsequent phases of the project.
Its initial success has supported
its expansion as a national player with projects planned in the NCR & Mumbai, apart from additional projects in
Chennai & Bangalore.
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