Vijay Shanthi Builders, a Chennai-based Housing Promoters, would enter emerging real estate cities with their premium products and building solutions.
Mr. Suresh Jain, Managing Director, VSBL, said that the company would be launching construction of premium grade villas at Salem in Tamil Nadu. Further he added that almost 100 villas will be spread across 20 acres of land and price of each unit will be between Rs 75 lakh and Rs 85 lakhs. Each villa will be comprising 3000 square feet .
It is also coming with a new 40-villa project on 8 acre site at Udaipur in Rajasthan.
The company had acquired 35 acres of land near Matheran in Maharashtra with a plan to construct leisure homes.
VSBL is also on the lookout for suitable sites at Coimbatore and Madurai in Tamil Nadu to develop premium and medium segment housing solutions.
VSBL is in market from three decades. It has completed more than two hundred housing projects in and around Chennai. VSBL plans to construct more than two thousand apartments to attract middle income segments at a price range of Rs 30-32 lakh per unit and the locations would be Sriperumbudur, Madhavaram, Ambattur and Old Mahabalipuram road, all around Chennai.
2 Comments
The demand for talented and skilled individuals to power the growing real estate industry has increased.
India has potential in this market but it required serious investors.
The company is coming with a new 40-villa project on 8 acre site at Udaipur in Rajasthan. This will help a lot in developing real estate business of Rajasthan.