Vijay Khetan Goup eyes Rs. 2500 Cr Revenues from Mumbai Projects
<span style="font-weight: 400;">After the successful delivery of the phase1 of their landmark project VKG Krishna Residences at Chakala Andheri East, Vijay Khetan Group, will soon be launching its second phase. Apart from this VKG is all set to launch another luxury project Passcode Beverly Hills at
Published -
Jun 10, 2021 4:13 AM
After the successful delivery of the phase1 of their landmark project VKG Krishna Residences at Chakala Andheri East, Vijay Khetan Group, will soon be launching its second phase. Apart from this VKG is all set to launch another luxury project Passcode Beverly Hills at VKG Estates in Andheri East. Both these projects are expected to fetch cumulative revenue of around Rs. 2500 crore in the span of next 3 years. The company has invested about Rs. 400-500 crores so far and will be investing another Rs. 400-500 crores on these two projects for which the entire funding will happen through internal accruals. Vijay Khetan Group is a debt free company and therefore the revenue that will be garnered through these projects will be used directly for their business. Anuj Khetan, Director, Vijay Khetan Group said, “The first phase of our project Krishna Residences at Andheri has received a stupendous response from the homebuyers. With this massive success, soon, we will be launching the phase 2 of Krishna Residences at Chakala and a brand new project Passcode Beverly Hills at VKG Estates in Andheri East. We have seen increased interest from the homebuyers for our projects that add value propositions in the current real estate market. Considering the growing demand for our products, we expect to clock at least Rs 2500 crore revenue in the next 3 years.” VKG’s another new launch Passcode Beverly Hills is an ultimate reflection of the urban chic lifestyle located at VKG Estates in Andheri East. The project hosts in its lap exclusively designed residential apartments. The project will feature 2 towers with 4 wings of 13 storeys each which brings a lifestyle adorned with luxurious comforts and seamless connectivity on a hilltop. It will comprise of 204 apartments with carpet area ranging from 405 sqft to 645 sqft costing from Rs 1.5 cr onwards.
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