A real estate group eyes revenue of Rs 2,500 crore from just two projects in Andheri

FPJ Web DeskUpdated: Tuesday, June 08, 2021, 10:11 PM IST
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A real estate group eyes for revenue worth Rs 2,500 crore from two projects in Andheri | Representational Image

A Mumbai-based Vijay Khetan Group (VKG) aims to make revenue worth Rs 2,500 crore in the span of next three years. This revenue will come after selling units in two projects in Andheri, claimed the company.

The company successfully delivered the Phase 1 of VKG Krishna Residences at Chakala Andheri East. Now, it 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 2,500 crore.

The company has invested about Rs 400-500 crore so far and will be investing another Rs 400-500 crore on these two projects for which the entire funding will happen through internal accruals.

Anuj Khetan, Director, Vijay Khetan Group said, “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 2,500 crore revenue in the next 3 years.”

The group is a debt free company and therefore, the revenue that will be garnered through these projects will be used directly for their business, it stated.

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