Setting standards in living space

Apioneer in creating wellplanned life style apartments in different parts of Chennai, Vijay Shanthi Builders is making waves in the realm of construction industry for well over three decades by giving affordable houses to all sections of people.

Of course, the houses built by the company are majestic, well designed, spacious and comfortable, all for giving a relaxed environment for an easy and comfortable living.

Every project of Vijay Shanthi Builders provides great standards of sophistication and style which the connoisseurs of good living will appreciate nothing but the best can be expected from these architectural marvels created one after the other in a span of time.

Suresh Jain, Managing Director, Vijay Shanthi Builders, told this correspondent that the company had never compromised on quality when it came to providing houses to all sections of people based on the core idea of its founder, the late V C Jain, who always wanted to promote projects that made people get houses of their choice at an affordable price.

In the course of years, the company has been able to provide housing solutions to over 7,000 customers, in over 250 housing projects.

It has also embarked upon changing the future of construction industry in Chennai, he added.

About the Rs 130 crore Infiniti project located adjacent to Queens Land theme park at Melavur Kuppam in Chettipedu village near Sriperumbudur, spread across 5 acres, Jain said there would be 588 units with single, two and three bed room apartments, ranging between 365 square feet and 1,059 square feet.

The price tag of the units ranged between Rs 9.5 lakh and Rs 27.5 lakh and the work on the project would be completed by the end of 2010.

The Infiniti project is located on NH 4 adjacent to Queens Land Theme Park that is diagonally opposite Chembrambakkam Lake and within 5 km radius where many MNC are functioning. Chennai second International Airport is also coming up in Sriperumbudur, probably by 2015, which is less than 10 km from the project site.

The Rs 300 crore Lotus Pond project, spread across 11 acres, would offer 1,200 units with single, two and three bedroom apartments and they would be made available to the buyers by the end of 2010.

The size of the units would range between 400 square feet and 1157 square feet and the price tag between Rs 10 lakh and Rs 30 lakh, Jain noted.

The project would have amenities like swimming pool, multipurpose gym, community hall, children play area, water bodies, lily ponds, skating area, indoor games, tennis court, dance and yoga room, art and craft room, cricket net, departmental store, library, browsing centre, beauty parlour, creche and landscaping.

There are plans to build premium apartments measuring 4,500 square feet to 5,000 square feet with a price tag of Rs 7 to Rs 8 crore for the high end segment in prime areas like Nungambakam and Besant Nagar by mid 2010, Jain remarked.

For more information: Visit our website http://www.vijayshanthibuilders.com or call us at +91-44-44430000

Vijay Shanthi Builders Buys High End Homes

Vijay Shanthi Builders Ltd (VSBL) has acquired High End Homes Pvt. Ltd., a privately held company for around Rs 30 crore.

Speaking to Business Standard, Suresh Jain, managing director, VSBL, said the company had acquired High End Homes mainly for its land assets of 7.5 acre at Ambattur. “This will be 100 per cent acquisition for a consideration of around Rs 30 crore,” he said.

The company is planning to build a Rs 210-crore residential project on the land accruing from the acquisition. The total area floor space of the project would be around 6-7 lakh sft.

The Chennai-based real-estate developer has also identified three more residential projects, including a 70-villa project, each of which would cost Rs 3 crore. Located on the East Coast Road, the project would involve a total investment of around Rs 2,100 crore. It is also planning a premium project at Tiruvanmiyur with an investment of around Rs 50 crore and another residential project with a similar investment at Kilpauk.

The company is executing projects worth Rs 870 crore, some of which are Chennai's costliest premium apartments, with each flat costing around Rs 8 crore.

Jain added the company was also planning to re-launch its water business in the city. Currently, the company has a unit at Porur with a capacity of around 70,000 litre a day, which he said woud be increased to 1.5-2 lakh litre. “We don’t need major investment in the expansion, all we need is just additional machines,” said Jain.

For more information: Visit our website http://www.vijayshanthibuilders.com or call us at +91-44-44430000

Vijay Shanthi Builders Zooms 20% on New Project Launch

Vijay Shanthi Builders is locked at the 20% upper circuit at Rs 43.50 after the company has signed a Memorandum of Understanding (MoU) for a Rs 70 crore project at Kilpauk located in the heart of Chennai city.

"The real estate company plans to invest around Rs 1,000 crore over the next two years in various residential projects. These include Chennai's costliest premium apartments, where each flat would cost around Rs 8 crore," according to the report.

"The company has acquired two acres in Tambaram, 7.5 acres in Ambattur and 6.5 grounds in Pursavakkam for residential projects. All the investments would be funded through debt and internal accruals," the report suggest.

The trading volumes on the counter jumped almost thirteen-fold with 177,000 shares changing hands so far as compared to 14,000 shares traded daily in past two-weeks. There are pending orders for 53,861 shares on the BSE.

For more information: Visit our website http://www.vijayshanthibuilders.com or call us at +91-44-44430000