PROJECT

Projects

Summary of Investment Information

Project Number

28392

Company Name

VBHC PRIVATE LIMITED

Date SPI Disclosed

Nov 16, 2012

Country

India

Region

South Asia

Projected Board Date

Dec 20, 2012

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Mar 25, 2013
Signed : Mar 28, 2013
Invested : May 14, 2013

Sector

Other (Including Restaurants, Amusement Parks, etc.)

Project Description

Value and Budget Housing Corporation (“VBHC” or the “Company”) is headquartered in Bengaluru, Karnataka, India. The Company was incorporated in 2008, with a focus on building affordable and entry level housing in India. VBHC has projects under various stages of development and construction across Bengaluru, Chennai (state of Tamil Nadu) and Mumbai (state of Maharashtra). Further, the Company is in various stages of identification and procurement of land for developing affordable housing in the states of Rajasthan, Gujarat, Maharashtra, Tamil Nadu and Uttar Pradesh (the “Project”). VBHC is in the process of raising capital from IFC for part-financing the development of the above affordable housing projects.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation