V R Infraspace Ltd.
NNSE:VR95.70
INR
-5.00
(-4.97%)
V R Infraspace Ltd.
NSE:VR
(National Stock Exchange of India)
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- V R Infraspace Ltd (VR.NS) is a real estate development company focused on constructing residential, commercial, hospitality, retail, and social infrastructure projects primarily in Vadodara, Gujarat, India. The company offers a range of residential apartments and buildings equipped with amenities including security systems, sports and recreational facilities, play areas, and electricity backup; commercial projects such as business centers under the VR brand, including VR One Commercial Business Center; and luxury residential developments like VR Imperia and VR Celebrity Luxuria, alongside ongoing projects such as VR Vivanta featuring 2 and 3 BHK apartments with futuristic amenities. It also provides supervisory services to contractors, value-added customer services spanning pre- and post-property ownership stages, and end-to-end project management from conceptualization, land acquisition, and design through construction and marketing, often partnering with third-party architects, consultants, and international property advisors. Founded in 2015 and headquartered at National Trade Centre, NH 8, opposite L&T, Bapod, Vadodara, Gujarat 390019, India, the company targets middle- and high-income customer segments in the Vadodara region with an emphasis on timely delivery, quality construction, and customer-centric designs. In recent developments, V R Infraspace converted from a private limited company to a public limited company, changing its Corporate Identification Number from U45203GJ2015PTC085400 to U45203GJ2015PLC085400, and listed its equity shares on the National Stock Exchange (NSE SME) on March 12, 2024, following a successful IPO in early 2024 to fund investments including its subsidiary Daxon Realty (formerly Narnarayan Enterprise), part-financing of VR Vivanta construction, working capital, and general corporate purposes. Additionally, on June 19, 2023, the company acquired a 51% stake in a subsidiary, bolstering its project execution capabilities amid revenue growth to INR 372.87 million (TTM) and net income of INR 22.45 million as of the latest reported period.