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	Vasathi Housing and Infra Pvt. Ltd.
	House No. 6-3-345/3 & 3/1, Flat No. 503,
	LOTUS ESPLENDITO
	Road No.1, Banjara Hills, Hyderabad - 34
	Phone Nos. + 91 40 23350 616,
	040 - 23350 619

Publication	:	Financial Chronicle (FC Estate)
Date	:	15.7.10
Pg no	:	C
Headline	:	Vasathi announces two housing projects in AP

Hyderabad-based Vasathi Housing and Infrastructure is developing two residential properties in the city.

Vasathi announces two housing projects in AP

Hyderabad-based Vasathi Housing and Infrastructure is developing two residential properties in the city. The company commenced operations last year with the launch of these two gated-community projects under the name, Vasathi Navya and Vasathi Anandi. The construction is slated to begin in August.

Vasathi Navya is a 200-apartment project spread over 3 acres. The ground plus five floors residential project is coming up near Chintal in Balanagar. Possession will be given in 18 to 30 months. The project will offer 2 BHK apartments of sizes between 900 and 1,100 sq ft. The starting price will be about Rs 18 lakh (excluding stamp duty and registration). Vasathi Navya will have amenities such as power back up, supermarket, gymnasium, shuttle court, table tennis room, library and reading room besides offering space for a pharmacy.

Vasathi Housing has earmarked an investment of Rs 30 crore for the Navya project. This will be funded through internal accruals, debt and equity besides pre-sales proceeds. Similarly, Vasathi Anandi will see an investment of about Rs 75 crore.

The ground plus seven-floor project covering 5 acres will have 450 apartments. Vasathi Anandi is coming up in Bandlaguda. The project comprises 1-2-3 BHK apartments ranging from 800 to 1,350 sq ft priced upwards of Rs 21 lakh. Vasathi Anandi will house a school, a restaurant, supermarket, club house with gymnasium, table tennis room, jogging track and swimming pool besides a shuttle court.

P V Ravindra Kumar, CEO of Vasathi Housing and Infrastructure said, “With aim of becoming a pan-India affordable housing player, we intend to deliver 15,000 housing units in select major urban cities by 2014.”

Vasathi plans to launch its third project in Vishakhapat¬nam by year-end, and thereafter expand into select markets in the neighbouring states.

Publication	:	The Hindu Business Line
Date	:	13.7.10
Pg no	:	19
Headline	:	Vasathi to invest Rs 150 Cr in affordable housing

Vasathi housing and infra has sewn up plans to invest about Rs 150 Crore in setting up integrated affordable housing ventures in the city and is planning to enter Bangalore and Chennai next year with similar Projects.

Vasathi to invest Rs 150 Cr in affordable housing

V.Rishi Kumar, Hyderabad July 13

The Hyderabad based company has recently secured funding worth about $ 5 million through a group of foreign investors led by Vasathi ventures based in US., and expects another round of funding of about $ 30 million with couple of months to undertake several affordable housing ventures.

Untapped potential

The chairman and CEO of the company Mr. P.Ravindra Kumar, said “Our survey of the real estate market shows that there is huge untapped potential for affordable housing segment in major cities and metros including Hyderabad, Bangalore and Chennai. The company is aiming to address this gap.”

Speaking to Business Line Mr. Ravindra Kumar said the company promoters have thus far executed over 2000 apartments spanning over 2 lakhs sqft. Plans are to develop two integrated mini townships at Bandlaguda and another project at Quthbullapur near the Mumbai Highway.

Together, these projects will have over 700 apartments with built up area of about 900 sft to 1300 sft.

Publication	:	Surya
Date	:	10.4.10
Pg no	:	II
Headline	:	With all possible amenities: Vasathi Housing

Vasathi Housing aims at creating housing facilities which will contain all possible amenities at affordable prices using scientific methods” says Mr. Ravindra Kumar.

“Vasathi Housing aims at creating housing facilities which will contain all possible amenities at affordable prices using scientific methods” says Mr. Ravindra Kumar. He had worked in the field of real estate in the gulf for 5 years and had learnt the intricacies of this industry. He returned to Hyderabad to create the Vasathi housing. His previous projects have won him the hearts of a number of stakeholders. Currently, they are aiming at creating housing facilities for N.R.I’S in Chintal at a cost of 100 Crores. He also said with the city population touching almost one Crore, Vasathi will be aiming at creating affordable housing facilities which contain all the amenities like schools, hospitals etc for the denizens of the city. They are coming up with 2 projects 1 at Chintal and another at Bandlaguda. By 2014 they aim to create 15000 houses. He said that the recovery from the recession and the opening of the job market are good signs for the real estate industry and affordable housing has become a slogan for a number of companies like Shriram and Godrej and he said they would prove themselves with the help of projects like Chintal and Bandlaguda.

•	Ventures in Chintal and Bandlaguda
•	Efforts to make houses as affordable as 15 lakhs
•	The conditions are improving
•	Real Estate projects in other cities as well

Publication	:	Financial Express
Date	:	20.3.10
Pg no	:	11
Headline	:	Hyd's Vasathi Housing Plans 3 Affordable Housing Projects

The company will launch the first project, 'Vasathi Navya', in Hyderabad in April, the second project 'Vasathi Anandi' is likely to be launched by June 2010.

Hyderabad-based real estate firm, Vasathi Housing & Infra Pvt Ltd, is planning to develop three affordable residential housing projects at an estimated cost Rs.200 crores, to cater to the surging demand for low-cost housing.
While the company will launch the first project, 'Vasathi Navya', in Hyderabad in April, the second project 'Vasathi Anandi' is likely to be launched by June 2010. 'Vasathi navya' is a self-contained gated community with 200 apartments of sizes ranging from 950 square feet to 1,150 sqft, at a starting price of about Rs.19 lakh, excluding stamp duty, registration and government taxes, Similarly, 'Vasathi Anandi' is also a gated community project, with 500 apartments. The estimated cost of two projects is about Rs.100 crore.
Vasathi is planning to start another project in Bangalore by December at a total cost of Rs.100 crore. The company is in the process of raising long term debt from banks and financial institutions for the three projects.
According to PV Ravindra Kumar, CEO, Vasathi Housing & Infra Pvt Ltd, the affordable housing segment offers a lot of scope for developers as there is a huge demand .According to a Knight Frank report on affordable housing during the second quarter of 2009, the housing requirement for the Rs.8-10 lakh income group across the NCR, Mumbai, Pune, Bangalore, Chennai, Hyderabad and Kolkata is approximately 2 million units by 2011, which, assuming an average unit size of 800 sqft, translates into a latent requirement of 1.60 billion sqft of residential space.
Hyderabad accounts for approximately 2.25 lakh residential units.
He said, "The roadmap of the company is to focus on the segment and develop more affordable housing projects in other parts of the country. In 2011, Vasathi would look at other cities like Chennai and Bhubaneswar to develop projects. By 2014, Vasathi aims to deliver 15,000 housing units in select major urban agglomerations in India. The company has already raised money from angel investors across the globe to the tune of Rs 15 crores - Rs 20 crores and within the next few days, we will be further mobiling funds to the tune of $2 million to partly fund the three projects which we have planned for in 2010. Our target is to raise Rs.100 crores from venture capitalists and other investors in 2011 to support our development plans."

Magazine	:	Construction & Architecture
Month	:	March-April 2010
Vol	:	2
Issue	:	2
Pg no	:	11
Article	:	Vasathi aims to deliver 15K housing by 2014

Vasathi from Hyderabad is one of the early entrants to focus purely on the affordable housing segment in India. P V Ravindra Kumar, Chairman & CEO, Vasathi speaks to C&A on the company and its future plans.
Hyderabad based vasathi housing is one of the early entrants to focus purely on the affordable housing segment in India. P V Ravindra Kumar, Chairman& CEO, Vasathi has successfully conceived, managed, built and sold seven residential affordable housing projects in South India. Collectively the team brings over 200 years of construction industry experience in India’s markets. Vasathi aims to deliver 15K housing units over select major urban agglomerations in India by 2014 setting the stage to be a pan India player in India
Tell us about the group’s developments in the residential spaces of lately. What new projects are you developing? Where?
Vasathi commenced operations in mid 2009 with the mission of bridging the affordable housing gap that urban India is currently facing; a gap that is expected to widen in the coming decades. Based in Hyderabad, Vasathi is one of the early entrants to focus purely on the affordable housing segment in India. Vasathi hopes to address one of the basic needs of the vibrant, burgeoning Indian middle class segment that aspires to live in affordable, sustainable, and yet high quality communities.
Vasathi is launching its first two projects in Hyderabad. Vasathi Navya, the first project, is due for launch in March 2010. It is a self-contained gated community containing approximately 200 apartments of sizes ranging from 900 to 1100 sft, and with starting price of Rs. 18 lakh approximately (excluding stamp duty and registration). Vasathi Anandi, due for launch in May 2010, also a gated community, will contain 500 apartments. Vasathi has plans to launch the third project in Vishakhapatnam by Dec 2010, and thereafter expand into selective markets in the neighbouring states.
How do you define affordable in your opinion? Do you think the word affordable has become relative for every developer who is developing properties?
Consistent with HDFC’s definition of affordability, we consider 5 times the annual income as the maximum affordability of a household. Merging this definition with our target focus and business model, we intend to provide quality homes in the range of Rs.15-25 lakh to the Rs. 3-5 lakh income group.
‘Affordability’, we believe, is a relative term defined by the target segment (hence the income bracket) and the market.
Has the recessionary period for the real-estate industry over? What is the response? What positivity can we expect to see in coming days?
No doubt, the real estate sector in India is in the recovery phase, aided by improved job market, declining property prices, lower interest rate, better liquidity situation and an improved overall economic growth. However, the sector needs a budgetary push to be on the path of accelerated and sustainable growth.
Now that there is an overall positive outlook across the industry, people are increasingly seeking value and the days of frenzied investments appear to be behind us. As we are aware, there already is a huge shortage of affordable housing in India.
In affordable housing what are the challenges how can they be overcome?
The major challenge is to acquire land parcel at a reasonable cost in or near any major agglomeration. On one hand high land cost is forcing developers away from the urban agglomerations which is not being preferred by the buyers, and on the other hand reduced sizes (to bring the price to affordable limits) in or near the urban agglomerations are also being rejected. Here the government needs to step in with a mind-set of helping such developments. Other internal challenges are lean execution, innovative construction technologies, etc.
Another key challenge is achieving environmental sustainability across these communities. In order to reduce the ecological footprints developers must consider the following questions while designing the communities: Is the city dense or sprawling? Do people live in apartments or free standing houses? Is the city designed for public transport? For instance energy use drops by over 30% just by moving people from houses to apartments even if we ignore the green codes. Similarly public transport systems do not work efficiently when the city is spread out and commuters cannot easily walk to the bus stop/metro stations (Reimagining Urban India- Saneev Sanyal, Founder & Managing Trustee, The Sustainable Planet Institute). How much energy savings could be achieved through LEED? Etc.
What do you think when scores of realty firms that are taking the IPO route to mop up funds for expansion plans as buyers are slowly returning. What route or rising funds does your company undertake?
First, the surge in IPO’s in the realty sector underscores the potential and the vibrancy of the sector. Second, it signals that the sector is embarking on the next phase of growth and investment, and that the sector has begun the process of revival.
Finally, the success or failure of an IPO is ultimately an outcome of the level of confidence placed by the investors on the sector and the company, as well as the inherent robustness of our capital markets.
Vasathi has secured significant equity investments from international investors, which is a testimony of the strength of the management team, the distinctiveness and scalability of our business model, and our ability to execute by leveraging world-class techniques, processes and technologies from both within and outside of the real estate sector.
We are not in a hurry to go for an IPO; we will do so only after we have achieved pre-eminence in our target space.
What drives real estate markets and the prices of residential properties in India? Tell us about the differentiating factors that vary from city to city?
Supply and Demand! Demand is driven by the robustness of employment across sectors and geographies and the overall state of the economic environment, wage growth, the strength of the urban and social infrastructure, pace of urbanization, interest rate, etc.
Supply is driven by the type, volume and velocity of real estate development in the area.
At a city level, several local factors come into play, such as the land costs, political and economic stability, sectoral growth, investments made in urban and social infrastructure etc.
Tell us more about the emerging trends in the residential real estate sector and what can we see in the coming days?
With the rapid urbanization and ever increasing demand in the affordable segment, the residential real estate industry will see more knowledge based approach, leaner execution and breakthrough innovations leading to continuous improvement in quality with reduction in cost.
Real estate sector continues to be a fragmented and localized industry. In the medium and long term, we could see industry consolidation and the emergence of several new regional and pan Indian players.
What are the future plans of the company?
As discussed, in the short term, post the launch of the first two projects in Hyderabad, Vasathi aims to foray into selected major agglomerations in the neighboring states e.g. Maharashtra, Orissa, Tamil Nadu, etc.
In the long term Vasathi aims to deliver 15K housing units over select major urban agglomerations in India by 2014 setting the stage to be a pan India player and become the leading real estate company in India in the affordable housing segment.

Publication	:	Andhra Jyothi
Date	:	13th February 2010
Headline	:	At Low Cost “My Vasathi”

Question: In a situation where there are many apartments empty in Hyderabad, what would be the response of the people?

Answer: Builders in Hyderabad build apartments keeping in view only the IT employees. The basis for such assumption is that IT

employees are highly paid as a result two things were witnessed. Firstly, all the constructions were based in Hitech City, as there were no buyers in the market they had to stop their constructions midway. And secondly, only 5 – 10% of the IT employees are paid one lakh per month, the rest are in the range of 20,000 – 40,000 per month. These people cannot afford to buy such expensive apartments, which is why many apartments are lying vacant.

Question: So are you trying to say that your construction is not for IT employees?

Answer: We are not making any kind of discrimination between IT and Non IT people. Our main focus is on low cost and good quality, constructions that are meant for IT are usually towards Hitech City, therefore, we are building apartments with a reasonably low cost in places like Chintal and Bandlaguda. Our apartment cost will not exceed 22 lakhs for a 1000sq ft apartment.

Question: Considering the present situation, is construction is a risk?

Answer: People in Hyderabad are willing to pay for good quality. Keeping this in mind we are not making any kind of compromise on quality, we are not running after any additional accessories. Therefore, our apartments are quality constructions at low cost.

Publication	:	Saakshi
Date	:	20.02.10
Pg no	:	9
Headline	:	Vasathi Housing

Nowadays even if you invest 40 lakhs you may not be able to buy an apartment. Today, because of Vasathi Housing and Infra Pvt. Ltd., you are getting a double bedroom apartment for 18 lakhs in Hyderabad.

Vasathi is building affordable apartments (Vasathi Navya) in Chintal. This new township is being developed near Balanagar in Chintal over an area of 2.5 acres. People in search of a luxurious living at an affordable price can now explore Vasathi. The company has been receiving immense admiration from the buyers due to the excellent architectural design of its products .Vasathi, without compromising on the product quality, is aiming to build perfect residential apartments for its customers. This is the main reason for its popularity. The gated community complex contains five (five floor) blocks housing 190 apartments and the price is 18 lakhs approximately for an apartment of size 900 sft and 21 lakh approximately for an apartment of 1050 sft including amenities, parking, etc. These apartments, built in confirmation to the GHMC standards, are Vaastu compliant and do not contain any common wall. This project is being developed near Medak highway and there are educational institutions, shopping malls and entertainment places in the vicinity. The location is very near to Balanagar and Kukatpally.

“Top secret is this: Our ventures are being respected by the buyers because we do not compromise on quality.” Mr. P V Ravindra Kumar, Chairman &CEO, Vasathi Housing and Infra Company.

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