VKG to launch Phase-2 of Krishana Residences

After the successful delivery of Phase-1 of its project, VKG Krishna Residences, at Chakala Andheri East, Vijay Khetan Group will soon be launching its second phase, said a press release.

Apart from this, VKG is set to launch another luxury project, Passcode Beverly Hills, at VKG Estates in Andheri East, it said.

Both these projects are expected to fetch cumulative revenue of around Rs. 2,500 crore in the span of next three years, added the release.

The company, it said, 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 three years.”