Announcement

VB Group announced that it is targeting a topline potential of more than INR 7,200 crore from its upcoming development pipeline as it enters its next phase of growth, focusing on premium micro‑markets in Mumbai and Thane.

Near‑term Project Portfolio

The near‑term portfolio comprises four key developments:

  • A 39‑storey mixed‑use tower in Versova covering approximately 3.5 lakh square feet, scheduled for launch in the third quarter of FY 2026‑27.
  • A 16‑storey project in Santacruz, also slated for launch in Q3 FY 2026‑27.
  • A Dadar development that includes residential and commercial components on a plot of about 3,000 square metres, planned for launch by January 2027.
  • The Vartak Nagar commercial development in Thane, estimated to deliver a topline potential of roughly INR 700 crore.

Larger‑scale Opportunity

In addition to the above, VB Group disclosed a larger‑scale project with a projected topline of INR 3,200 crore, representing a significant step toward undertaking larger, integrated developments.

Strategic Focus and Ticket Size

The group emphasized a shift from sheer project count to selective redevelopment in locations with strong market fundamentals. It highlighted that achievable ticket sizes in the targeted Mumbai markets range from INR 60,000 to INR 70,000 per square foot and above, underscoring a premiumisation strategy.

Township Development Evaluation

Over the next twelve months, VB Group will evaluate township development opportunities, signalling an intent to expand into larger, more integrated projects beyond its current urban focus.

Historical Track Record

Since its inception in 2008 as a civil contracting business, VB Group entered property development in 2010 and formally became a group in 2020. To date, it has delivered nine projects totaling approximately 1.3 million square feet, has more than 1.8 million square feet under current development, and holds an upcoming pipeline of about 4.5 million square feet.

Management Commentary

Founder Bhushan Bhanushali stated that the company is entering an important new phase, prioritising quality and potential of opportunities over the number of projects. He noted the focus on established Mumbai markets with strong fundamentals and highlighted the INR 3,200 crore larger‑scale project as a milestone. CEO Rishikesh R Ranga added that the group’s approach will be selective, evaluating opportunities based on location, development potential, and value creation through redevelopment, with a particular emphasis on ticket sizes of INR 60,000‑70,000 per square foot.

Geographic Focus

The expansion targets established Mumbai micro‑markets such as Dadar, Thane, Juhu, Santacruz West, Andheri West, and Lokhandwala, where premium residential and commercial developments can command higher value and price realisation.

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