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

 

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

VBHC News for You

We are pleased to inform you that VBHC has been awarded the NDTV Award for Outstanding Contribution to Housing.

The award is an affirmation of the efforts that VBHC is making towards ensuring that your home-buying process is safe, hassle-free and a pleasure – something real estate purchases have never been.

We launched our 3rd project in Bangalore at Whitefield and have had absolutely phenomenal success! We have sold over 50% of the project within the first month and will start construction before the end of this month.

We are also thrilled to announce that our project in Oragadam, Chennai is now ready for possession and apartments are being handed over to all customers. We have delivered the project in 24 months as promised.

For the auspicious occasion of Holi, we conducted a first of its kind “Buy your Dream Home” bus tour around Bangalore. We took potential customers to multiple residential projects across the city all culminating in a highly successful Holi carnival at our Anekal site which was a riot of colours!

In Mumbai this month we had the ground breaking ceremony for our Vasind project. Work on the internal road and the first few buildings have got underway. Soon we will start seeing the building structures take shape. In Palghar, we are three months away from delivering the first four blocks to our customers and the other blocks will be delivered by Diwali this year.

We will make this blog a monthly practice to keep all of you in the loop for all updates on VBHC. And please remember to avail our various customer friendly sales offers like 80-20 offer (applicable in Bangalore) and InvestAssure offer in Mumbai, Delhi and Chennai and do let your friends and family know, so that they too can become a part of the VBHC family. Click on the image above to view our gallery.