bangalore value budget housing corporation vbhc has launched vbhc vaibhava its maiden project in oragadam chennai spread over 30 acres of land the proposed project is well connected to the industrial hubs of sriperambudur and oragadam and will be completed in two phases the first phase will have 148 apartments of 2bhk each costing rs 166 lakh for 792 sq ft apartments expected to be completed in 20 months oragadam along with sriperambudur have seen major investments from leading mncs in recent times and the opportunities here are immense p s jayakumar managing director vbhc industrially the oragadamsriperambudur belt is rich with existing and upcoming big companies like daimler renault nissan komatsu nokia dell st gobain foxconn and flextronics additionally the tamil nadu government is also proposing to build a rs 300 crore oragadam industrial corridor road vbhc is currently developing 1904 apartments over 16 acres priced between rs 45 lakh and 10 lakh in bangalore it also plans to roll out similar projects in the national capital region mumbai and hyderabad the company has earlier raised 26 million or rs 100 crore from carlyle group to construct new projects and purchase additional land vbhc formed by ps jayakumar and jerry rao former citibankers aims to develop a million affordable homes across 10 cities in the country so far vbhc has raised rs 190 crore including carlyle groups investment earlier it has raised money from housing development finance corp and india financial inclusion fund the budget housing company has also raised undisclosed sum from bessemer venture partners for housing finance startup jointly promoted by rao and jayakumar