Press Esc to close
Sunday 26 October 2014
News updated at 2:29 AM IST
Weather
Max: 27°C
Min : 19.2°C
In Bangalore
Generally cloudy

VBHC offers flats for Rs 4.5 lakh

Last updated: 18 August, 2010
Bangalore, Aug 18, DHNS:

Value & Budget Housing Corporation (VBHC), on Wednesday, launched Vaibhava, its first housing project at Anekal near Bangalore.

It will offer apartments with basic price between Rs 4.5 lakh and 10 lakh.  The company is deploying advanced construction methods to ensure high quality while keeping costs under control to help deliver allotted apartments in 12 months.

The company is cofounded by former Mphasis Chairman Jerry Rao, former Citibank Consumer Banking Head P S Jayakumar, and realtor Sunil Narayan to address the growing need of quality housing. Housing Development Finance Corporation Ltd (HDFC) has taken equity stake in VBHC which plans to build over 10 lakh houses across the country in next 10 years. Its upcoming projects include Chennai, Hyderabad and NCR.

“There are growing aspirations of owning a house in households earning between Rs 15,000- 40,000, but very few companies are looking at this segment to offer entry level affordable housing. We saw this as an opportunity and set up VBHC,” said VBHC Chairman Jaithirth Rao.  HDFC Chairman Deepak Parekh said “Developing sustainable model to provide affordable homes for low-income urban customer gives VBHCs definitive edge in the market. We are pleased to be part of this endeavour which will bring significant value to common man.”


The apartments range from 1 and 2 bedroom hall and kitchen (BHK), which vary in size from 354 sq ft to 640 sq ft. It will have water treatment and bio-gas plants, solar powered street lighting for premises and solar water heating system for higher floors, the company said. VBHC has tied up with HDFC to provide home loans to buyers.

Go to Top

Photo Gallery
Mrs. Komal Kalra Pagarani who is all set to represent India...

Mrs. Komal Kalra Pagarani who is all set to represent India...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523