Over the last 38 years, the company has developed more than 25,000 acres of land and 200 townships  VGP Housing Pvt. Ltd, one of the group companies of VGP Corporate, was established in 1972. From a humble beginning, the company managed to achieve pinnacle of success through its customer-focussed approach and stringency to quality and transparency. Moreover, the company’s mantra is ‘Home for all’. Over the last 38 years, the company has developed more than 25,000 acres of land and 200 townships, primarily in Chennai and Bengaluru. With the idea to extend the concept of installment payments for purchasing plots, that is buy land and build houses, VGP Housing Pvt. Ltd marked a revolution in the Indian real estate industry. Currently, the company has emerged as a preferred developer in South India.
Founder
With big dreams and an indomitable will to succeed, V G Panneerdas left his family at a tender age of 12 and after traversing many distraught miles set up VGP Corporate with the motto ‘in pursuit of excellence’. The amazing concept of ‘buy now, pay later’ was Mr Panneerdas’ brainchild.
The VGP Group
The VGP Group has a rich experience of 55 years. The Group celebrated its golden jubilee in 2005. The three key business principles of the Group are ‘People first’, ‘Process next’ and ‘Profit Thrust’.
Apart from VGP Housing, the other group companies include VGP Retailing, VGP Golden Beach Resort, VGP Universal Kingdom and VGP Video Vision of India.
Location
It is headquartered in Chennai, with a regional office in Bengaluru.
Line of Business
The company is mainly engaged in developing residential real estate projects, including elegant apartment complexes and luxury designer homes and classic garden homes. In addition, the company also helps customers to secure home loans.
Strengths
The success of the company rests on the following six strengths:
Quality – It ensures that all its projects has a stamp of quality and an aesthetic appeal.
Time – It strives hard to stick by the delivery schedule.
Cost – It prices the projects competitively.
Location – It ensures that most of its projects are in or near the city with a warm surrounding ambience.
Amenities – It equips its projects with necessary amenities such as swimming pool, children’s playground and others.
Service – It emphasises on customer satisfaction and thereby has appointed a special team dedicated to handle customer service.
Clientele
The company boasts of a robust 1,00,000-plus customer base, which comprises professionals, business people and non-resident Indians (NRIs).
Projects
Among the many completed projects, some of the Chennai-based projects are VGP Santhanammal Nagar, VGP Panneer Nagar, VGP Janet Nagar, VGP Seethapathy Nagar and VGP Ramaiah Nagar. Some of the prominent Bengaluru-based projects include VGP Sowmya Springs, VGP Sai Gokul Apartments and VGP Garden Homes.
The company has also constructed residential projects in Madurai such as VGP Deepika Town, VGP Murphy Nagar and VGP Santhosh Nagar. Other areas where VGP Housing Pvt. Ltd has gained a foothold include Coimbatore, Tiruppur, Erode, Thirunelveli, Kodaikanal and Thiruvannamalai.
Shareholding Pattern
It is a private limited company.
Chairman
The chairman of VGP Corporate is Dr V G Santhosam, who is also the brother of Mr Panneerdas.
Turnover
Not disclosed
Profitability
Not disclosed
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