VBHC was recognized for its contribution to the affordable housing segment in the real estate industry in India on 22nd, December 2014 by CNBC Awaaz Real Estate Awards 2014. After receiving the award Mr. Rajeev Talwar, Director and Head of Northern Region, VBHC said, "We are most honoured to be the winners of a prestigious award from one of the most esteemed news channels in the country. The award is a big boost to the VBHC family that has been working been working tirelessly in this segment. This award encourages us to continue to strive to achieve the highest standards of quality, integrity and contribution to society in coming years. The government's vision of Housing for all by 2022, is a big step for the segment to put in continued efforts to fulfill the promise."
The prestigious award was adjudged by the likes of Mr Pranay Vakil, Chairman, Paron Consultancy and Mr. Keki Mistry, MD & CEO, HDFC along with other members in the jury. The event was presided over by Shri M. Venkaiah Naidu, Minister of Parliamentary Affairs, Urban Development, Housing and Urban Development and Mr. Babul Supriyo, Minister of State for Housing and Urban Poverty Alleviation.
About VBHC
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, Mr. Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head, Mr. P. S. Jayakumar.
VBHC’s goal is to build one million homes in the next 10 years.
VBHC homes are meticulously planned and designed to give one’s family the true experience of modern living...and as the name suggests, every home will be high on ‘value’ and low on ‘budget’.
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, Vaibhav 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, 1100 sold and keys handed over to some of the residents as well. The technology is being replicated in Chennai too.
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