Press Esc to close
Thursday 30 March 2017
News updated at 8:48 PM IST

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
People  are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

People are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

A group of Marathi women, dressed in traditional attires, with placards displaying...

A group of Marathi women, dressed in traditional attires, with placards displaying...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

King of fruits mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

King of fruits mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Smoke billowing out of the house which was targeted by the security forces personnel for...

Smoke billowing out of the house which was targeted by the security forces personnel for...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523