DELHI: Value and Budget Housing Corporation (VBHC), pioneers of affordable housing in India, have announced the launch of Phase II of their Project Vaibhav in NCR- Bhiwadi region. Vaibhav Phase II will have a total of 395,866 sq ft 2BHK apartments. The township is built in 5 towers of 2 basements& 10 floors each and the project is spread across 4 acres of land.
Located at NCR, Vaibhav – Bhiwadi is a 22.5 acres township consisting of affordable apartments and plotted development. The construction will incorporate contemporary practices in building and construction technologies like rain-water harvesting, dual-plumbing, waste management among others and the project will be environmentally sustainable. In addition to this, landscaped gardens, club house, community centre and shopping complex will add to the project features. The price of land in Bhiwadi has been steadily appreciating and is expected to do so even further, which is an added advantage to current and prospective customers.
Commenting on this development, Rajeev Talwar, director and head of Northern Region, VBHC, said, “We received an overwhelming response to our plotted development at Vaibhav Bhiwadi, which proves the incredible trust & confidence that our customers have in VBHC across India.NCR along with Mumbai are championing the real estate story in India & we are pleased to bring an affordable option to both these key housing markets in India.”
Some of the highlights of Vaibhav Phase II are:-
Central park and open spaces
Sustainability being embedded in the DNA of VBHC, soil, water and energy conservation are top priorities
Well laid out internal road network, sewage treatment plant, electrical sub-station, street lighting, an overhead water tank & an exclusive commercial area dedicated to the requirements of the community.
Rain water harvesting, improved technology for lighting as well as STP water recycling for flushing
A world of improved features which come at no extra cost for customers
“While the real estate industry has gone through a slump we continue to experience steady sales and are confident of delivering to our customers the keys to their dream homes within 30 months from the commencement of the project. We will continue to maintain the highest standards of quality and customer service across all our projects in all cities” said P.S. Jayakumar, managing director and co founder of VBHC.
VBHC is one of the few builders that have kept their promise of delivering homes to its customers on time; this performance has proven to be a differentiator in the market. After a successful run in Bangalore and Mumbai, VBHC now continues to carry forward the momentum and legacy to its customers in the NCR region.
Committed to high-value affordable living, VBHC will ensure quality construction with all essential services. Vaibhav Phase II will be well-equipped with modern amenities like 24×7 securities, local shopping complex, ATM, community centre, landscaped gardens with walking area and a club house. It will be a mini township that provides all necessities within easy reach. The project will be a green haven with beautiful landscape of sprawling gardens.
VBHC plans to expand in the NCR region with 2 more projects in Neemrana and Behror, thereby enabling VBHC to have 10 live projects by 2015.The affordable housing giant currently has over 5 million sq feet under development after having sold over 2000 homes across India. Continuing with their manufacturing approach, VBHC is on track to have the largest inventory of homes within the next 6 months.
Value & Budget Housing Corporation Pvt. Ltd. (VBHC) is a 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, Jaithirth (Jerry) Rao and former Citibank consumer banking head, P. S. Jayakumar.
VBHC’s objective is to provide housing that meets high quality standards, ensure speedy completion and delivery at low cost. These objectives are best met through the application of contemporary building technology and adoption of ingenious industrial engineering processes. The company commissioned a detailed research to evaluate various Form Systems, their comparison with traditional bricks-and-mortar building methods and then chose the optimum solution in the Indian context.
Our flagship project, Vaibhava Bangalore, has been able to transform real estate development into a lean industrial process amenable to mass production with the use of ‘form’ technology for construction. Phase I has been successfully completed, 1500 sold and keys handed over to 1000 residents as well. The technology is being replicated in Chennai and Mumbai as well.