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Coimbatore, March 22 Bangalore-based Vakil Housing Development Corporation, developers of residential townships, is eyeing Hosur as its next ideal project promotion destination.

Commenting on the decision to foray into Hosur, its Director Mr Mohammed Ali, said, “It’s a risky but strategic decision. We did a comparative study on the benefits of living in Bangalore and other alternative, relatively calmer town in the vicinity such as Hosur. A good number of respondents indicated that they were willing to move out.”

The company commenced work on the Vakil Hosur Hill (VHH) project in April last. According to Mr Ali, 60 per cent of the villas have already been sold. On the project status, he said, “The schedule is 24 months (from booking date) for constructing the villa and layout. We will be handing over the villas booked at commencement in April 2009.”

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