Real Estate

VBHC opens office in Dubai

Anil Urs Bindu Menon Bangalore/Mumbai | Updated on October 27, 2014

Value and Budget Housing Corporation (VBHC), a provider of affordable housing, after four years of operations in India, has opened its office in Dubai.

The company plans to facilitate customer interaction and engagement when servicing its NRI customers based out of Dubai and the entire West Asian zone who have displayed significant interest in purchasing properties in India. The launch was attended by bankers, investors and prospective customers.

Commenting on the development, Jerry Rao, Chairman and founder, VBHC, said: "It is an extremely gratifying moment for us to spread our wings internationally. We have made substantial achievements in the Indian real estate market, having delivered quality and commitment to our customers. We intend to start our global journey with the same mission and vision and believe we will be equally successful in the international market by continuing to deliver value to our customers."

VBHC in a statement said it has a large number of West Asian customers; hence the global expansion came as the next logical step for a company growing very rapidly in the domestic market.

Though buying property online has been a much adopted trend, having an operational office allows its customers the opportunity to have a better, wider and clearer knowledge of the properties, it added.

VBHC was co-founded by former MphasiS Chairman Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head P S Jayakumar.

With marquee investors like HDFC, IFC, Carlyle and Caspian Advisers, VBHC has large-scale expansion plans and intends to deliver 18,000 homes in the next three years as it expands its national footprint across India.

Published on October 27, 2014

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