VBHC Defers Initial Float Plan

The Jerry Rao-promoted VBHC Value Homes has deferred its initial public offering (IPO, of equity) plan to the next financial year. The earlier plan was to do this in the current one.
Jerry Rao VBHC

“After demonetisation, GST (the new goods and services tax) and Rera (the under-enforcement law to regulator the real estate sector), it (IPO this year) seems difficult. Actually, we wanted to see the March 2018 (quarter) numbers and take a call. But, April-May 2018 seems more logical,” said Jaithirth (‘Jerry’) Rao, chairman at VBHC.

Source: VBHC Defers Initial Float Plan

 

Housing firm VBHC Value Homes plans IPO by 2019

City-based affordable housing firm VBHC Value Homes is planning an initial public offering (IPO) by 2019. The company, which plans to raise upward of Rs 1,000 crore, intends to use the proceeds to expand operations across the country. It may also offer exits to some of its investors.

Ram Walase, CEO, said: “We will launch about one million sqft of projects across Bangalore, Pune and Mumbai over the next year. Some of our existing projects will also see their next phases opening up.”

Source : Housing firm VBHC Value Homes plans IPO by 2019

RERA Act: Here are 10 Key Benefits for Home Buyers

With an objective to protect consumer interest and to bring efficiency and transparency into the country’s real estate sector, the Government of India implemented the RERA Act nationwide on May 1 this year.

10 Benefits for Home Buyers

“This regulator will govern all real estate transactions, thus improving the governance on the real estate sector by reducing disputes and making the system more transparent and robust,” affordable housing property builder VBHC’s head of sales-marketing and customer service Narasimha Swamy N said in a statement. 

Credit: 10 Key Benefits for Home Buyers

ICRA upgrades ratings for VBHC

ICRA (Investment Information and Credit Rating Agency) has upgraded the long-term rating of VBHC Value Homes Private Limited (VBHC, previously Value and Budget Housing Corporation Private Limited) to [ICRA]BBB+ (pronounced as ICRA triple B plus)from [ICRA]BBB (pronounced as ICRA triple B)1 for the company’s Rs. 77.50 crore (enhanced from Rs 70.00 crore) fund based facilities. The outlook on the long-term rating is stable.

Source: Realty Plus Magazine

ICRA upgrades long-term rating for VBHC

ICRA (Investment Information and Credit Rating Agency) has upgraded the long-term rating of VBHC Value Homes Private Limited (VBHC, previously Value and Budget Housing Corporation Private Limited) to [ICRA]BBB+ (pronounced as ICRA triple B plus)from [ICRA]BBB (pronounced as ICRA triple B)1 for the company’s Rs. 77.50 crore (enhanced from Rs 70.00 crore) fund based facilities. The outlook on the long-term rating is stable.

Source : Economic Times