Vijay Shanthi inks MoU for Rs 700 mn project

Vijay Shanthi Builders announced that it has yet again ventured in to a memorandum of understanding (MoU) for a Rs 700 million Project at Kilpauk located in the heart of Chennai city.

It further said that all its other projects have reported impressive sales.

The company operates in two segments: construction and mineral water manufacture.

The stock had underperformed the market over the past one month till Sep. 14, 2010, falling 9.74% compared with the Sensex`s 6.49% rise. It underperformed the market in past one quarter, gaining 10.05% as against 11.59% rise in the Sensex.

Shares of the company declined Rs 0.8, or 2.21%, to settle at Rs 35.35. The total volume of shares traded was 10,385 at the BSE (Wednesday).

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

Vijay Shanthi Builders enters agreement for Rs 135 crore Chennai apartment project

Vijay Shanthi Builders Ltd has announced that the Company entered in to agreement for a new project valued about 135 Crores in Chennai.

The project is located on a 6.5-acre property in Madhavaram, in north Chennai. 300 two and three bed-room apartments up to 1,500 sq ft are likely to come up on this site.

According to news reports, Vijay Shanthi is also looking to develop a 400-apartment complex on a 10-acre site on the Kelambakkam - Vandalur road, off the OId Mahabalipuram Road, Chennai's IT corridor. Pricing would be in the Rs35-45 lakh range. The company is also planning a 400-apartment complex in Pattaraivakkam near Ambattur in West Chennai. Apartments here would be priced between Rs 25-35 lakh.

The company also is planning a 400-apartment project spread over a 10 acre area, off the Old Mahabalipuram Road to the south of Chennai. This would come up on the road linking Kelambakkam-Vandalur. This would be in the Rs 35-45 lakh segment. Through another project, Vijay Shanthi Builders would offer over 400 apartments to the west of Chennai at Pattaraivakkam, near Ambattur. This would be in the Rs 25-35 lakh segment, he said.

In the premium segment the company is planning apartments in Egmore priced around Rs 3 crore, and Rs 1.5 crore row-houses in Paiyur in south Chennai.

Budget Homes From Vijay Shanthi Builders

The renowned Vijay Shanthi builders is now entering into Budget Homes Market. Not only the small builders, even the big builders have to obey to the market need. Vijay Shanthi builders has simultaneously started three project OMR, Nallambakkam(Vadallur - Kelambakkam Road), and near Sriperumpudur.

Project Name: Lotus Pond Near Kelambakkam, between SSN and Fomra Colleges. Lotus apartments will consists of 1328 luxury apartments. 1 BHK flats start from 363 to 481 sqft at 10 lakhs to 14 lakhs. 2BHK and 3BHK flats are available at higher affordability.

Project Name: Park Avenue Located at Vandalur Kelambakkam Road Near Tagore Engineering college.
Park Avenue will have 469 luxury apartments. 1 BHK flats start from 490 to 530 sqft at Rs.10 to 11 lakhs. It also offer 2BHK and 3BHK and row houses.

Project Name: INFINITI Located at Sriperumpudur belt, near Saveetha Engineering college and Queensland.
Infiniti will have 588 luxury apartments. 1 BHK / single bedroom flats start from 385 to 466 sqft at Rs.10 lakhs and Rs.13lakhs respectively.

For more details visit @ http://www.vijayshanthibuilders.com/