Affordable housing firm VBHC Value Homes Pvt. Ltd, which sells homes in the Rs16-40 lakh price bracket, will also build premium homes and is planning an initial public offering (IPO), said senior company executives.
“The three fundamental positives for an IPO would be that the stock market has performed well, recent IPOs look good and the affordable housing sector continues to do good. The only negative would be that the real estate sector is still not doing well. So, the key to success (for an IPO) will be to separate affordable housing from the overall real estate sector,” said Jaithirth Rao, chairman, VBHC.