VB Group Expands Mumbai Presence With Rs 7,200 Crore Development Portfolio
Mumbai, October 1, 2026: Real estate developer VB Group is targeting a topline potential of over Rs 7,200 crore from its upcoming development pipeline as it enters its next phase of growth. Building on nearly two decades of experience, the group is expanding across established micro-markets in Mumbai and Thane with a portfolio spanning residential and commercial projects, VB Group said in a press release.
The near-term portfolio includes projects across Versova, Santacruz, Dadar, and Vartak Nagar. A 39-storey mixed-use development in Versova spanning 3.5 lakh sq. ft and a 16-storey project in Santacruz are planned for launch in the third quarter of FY 2026-27. The upcoming Dadar development, comprising residential and commercial components on a 3,000 sq. m plot, is slated for launch by January 2027. Anchoring the pipeline is the Vartak Nagar commercial development in Thane, with an estimated topline potential of approximately Rs 700 crore.
Additionally, VB Group is focusing on redevelopment opportunities in prime locations and evaluating township development as a key focus area over the next 12 months. Since its inception in 2008 as a civil contracting business, the group has delivered nine projects spanning 1.3 million sq. ft, with over 1.8 million sq. ft under construction and an upcoming pipeline of 4.5 million sq. ft.
Bhushan Bhanushali, Founder of VB Group, said, “VB Group is entering an important new phase in its journey, and our priority now is to build a business that is defined by the quality and potential of the opportunities we pursue, rather than simply by the number of projects we undertake. We are taking a more focused approach to Mumbai, identifying established markets where we see strong fundamentals and the opportunity to create premium developments with lasting value. Our forthcoming pipeline further includes a larger-scale project with a topline potential of INR 3200 cr., which represents an important step in our evolution towards undertaking larger opportunities.”
Rishikesh R Ranga, CEO of VB Group, added, “Our approach going forward is going to be selective. We are evaluating opportunities based on the location, the potential of the development and the value we can create through redevelopment. We are increasingly looking at Mumbai markets where the achievable ticket size is in the range of INR 60,000 to INR 70,000 per sq. ft and above.”
