VR Infraspace

What VR Infraspace does

VR Infraspace Limited is a Vadodara, Gujarat-based real estate developer incorporated in 2015 and listed on the NSE EMERGE SME platform since March 6, 2024, following an IPO that raised Rs. 20.4 crores. The company develops residential apartments (VR Vivanta, VR Celebrity Luxuria, VR Imperia, VR Infinity) and commercial business centers (VR One, Zillion Landmark) in Vadodara micro-markets including Bapod, Tarsali, New Karelibaug, and Atladara, targeting middle-to-high-income individual home buyers and commercial investors. Reported features include earthquake-resistant RCC structures, standard elevators, DG backup, and basement parking on RERA-certified projects.

Revenue is generated almost entirely through one-time property sales at quote-based pricing with no recurring component. Standalone revenue from operations for FY 2024-25 was Rs. 657.35 lakhs with net profit of Rs. 90.6 lakhs; consolidated revenue from operations for H1 FY 2025-26 was Rs. 1,877.14 lakhs with profit before tax of Rs. 221.6 lakhs. Promoter holding is 72.97%, led by Managing Director Vipul Rupareliya (51.08%).

Post-IPO, the company has pivoted toward aggressive inorganic diversification. It has acquired majority stakes in Daxon Realty Limited (real estate, April 2024), Tradio Exim Private Limited (agro/food, January 2025), Daxon Industries Private Limited (textiles, January 2025), and Premdhara Agro India Private Limited (food processing, March 2026), and formed the L V Décor partnership firm (interior décor, September 2025). It has also entered government infrastructure contracting via a January 2025 MoU with Kevadiya Construction for a Rs. 114.23 crore underground sewerage project in Dindigul, Tamil Nadu, signaling geographic expansion beyond Gujarat and a new enterprise/government customer segment.

Name

VR Infraspace

Legal name

V R Infraspace Limited

Website

https://vrinfraspace.in

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

VR Infraspace Limited is a Vadodara-based real estate developer listed on NSE EMERGE, building residential apartments and commercial centers in Gujarat, with post-IPO expansion into government infrastructure contracts and adjacent subsidiaries in textiles, agro-products, and interior décor.

Ownership category

akta.pro rank

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: Sale of residential apartments including luxury 2, 3, and 4 BHK units. Projects include VR Vivanta (2&3 BHK at New Karelibaug), VR Celebrity Luxuria (3&4 BHK at Atladara), and VR Infinity. Revenue is generated through one-time property sales with prices quote-based.
2. Commercial Property Sales: Sale and leasing of commercial business center spaces including retail shops, showrooms, and corporate offices. Projects include VR One (Bapod), Zillion Landmark (Tarsali near Bansal Mall), and VR Imperia.
3. Infrastructure/Construction Contracts: Government and municipal construction contracts including water supply systems, underground sewerage systems, and civil construction projects. Notable projects include Dindigul City Municipal Corporation sewerage project (Rs. 114.23 crores) and Madhya Pradesh water supply construction (Rs. 2.61 crores).
4. Subsidiary Operations: Revenue from subsidiaries operating in diverse sectors including textile manufacturing, agro/food products trading, and real estate. Consolidated revenues reported at Rs. 1,877.14 lakhs for H1 FY26.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

VR Infraspace is a Vadodara-based real estate developer that builds and sells luxury residential apartments (2, 3, and 4 BHK) and commercial business centers under branded projects such as VR Vivanta, VR Celebrity Luxuria, VR Imperia, VR One, and Zillion Landmark. The company also undertakes government and municipal infrastructure construction contracts (water supply, underground sewerage, civil works) as a secondary line of business.

Product overview

VR Infraspace is a real estate development company based in Vadodara, India, offering a portfolio of residential and commercial properties. The product portfolio consists of six named projects: VR IMPERIA (residential), VR ONE and ZILLION LANDMARK (commercial business centers), VR VIVANTA and VR CELEBRITY LUXURIA (luxury residential apartments), and VR INFINITY (upcoming residential). The company operates as a single-segment real estate and infrastructure developer, building quality residential complexes and commercial spaces across Vadodara.

Differentiator

Problem solved

Functional benefit

Brands

• VR IMPERIA: Residential project by VR Infraspace in Vadodara
• VR ONE
• ZILLION LANDMARK
• VR VIVANTA
• VR CELEBRITY LUXURIA
• VR INFINITY

Products and services

• VR Imperia Residential project by VR Infraspace located in Vadodara, featuring modern designs and luxury amenities for homebuyers and investors.
• VR One Commercial business center at Bapod, Vadodara offering retail spaces, showrooms, and corporate offices with amenities including underground car parking, road access, 12-foot height shops, standard elevators, DG backup, and earthquake-resistant RCC structure near L&T Knowledge City.
• Zillion Landmark Commercial business center near Bansal Mall, Tarsali, Vadodara, featuring retail enterprise spaces, showrooms, and corporate offices with earthquake-resistant RCC structure, magnificent frontage with high visibility, and world-class facilities.
• VR Vivanta Luxury 2 & 3 BHK residential apartments at New Karelibaug, Vadodara featuring futuristic amenities, majestic entrance gate, and sophisticated design targeting elite individual home buyers and investors.
• VR Celebrity Luxuria Luxurious 3 & 4 BHK residential apartments at Atladara, Vadodara, featuring premium amenities including decorative main gate with security cabin, fire safety systems, 24-hour water supply, green garden, jogging track, and senior citizen areas.
• VR Infinity Upcoming residential project located opposite L&T Knowledge City, Bapod on N.H.8, Vadodara, currently under development for future sale.
• Government Infrastructure Construction Contracts Government and municipal construction services including underground sewerage systems, water supply systems, and civil construction projects awarded via competitive bidding, including the Dindigul City Municipal Corporation Tamil Nadu Climate Resilient Urban Development Project (~Rs. 114.23 crores).

Quantifiable outcome

• Revenue of Rs. 657.35 lakhs (standalone FY 2024-25) and Rs. 1,877.14 lakhs (consolidated H1 FY 2025-26)
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• L V DécorminorStrategic or Co-development Partner · 4 September 2025V R Infraspace (51% partnership interest) formed a partnership with Mr. Girdhari Ram (49%) under the name 'L V Décor'. The partnership engages in manufacturing, designing, trading, supplying, importing, exporting, retailing and dealing in furniture, furnishings, modular fittings, interior décor products, and undertaking interior decoration and allied works. Cash contribution of Rs. 5 crores.
• Kevadiya Construction Private LimitedcoreStrategic or Co-development Partner · 28 January 2025V R Infraspace entered into a Memorandum of Understanding with Kevadiya Construction Private Limited for execution of the Dindigul City Municipal Corporation - Tamil Nadu Climate Resilient Urban Development Project. The project involves providing Underground Sewerage System in Left-Out and Uncovered Areas, with an approximate value of Rs. 114.23 crores and scheduled completion by June 10, 2027.
• MUFG Intime India Private LimitedminorOthersRegistrar and Share Transfer Agent for VR Infraspace Limited. Located at C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai-400083. Handles share registry work, investor grievance redressal, and compliance with SEBI regulations.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Shriram Properties: Indian residential real estate developer with a focus on mid-market and affordable housing, listed on Indian exchanges. Comparable to VR Infraspace as a mid-sized listed Indian developer competing in regional markets with similar mid-income buyer focus.
• Kolte-Patil Developers: Indian real estate developer operating primarily in Pune and Mumbai with residential and commercial projects. Comparable to VR Infraspace in business model (residential + commercial property development), target customer (mid-to-premium home buyers), and listing structure on Indian exchanges.
• Sunteck Realty: Mumbai-based listed real estate developer focused on premium and ultra-luxury residential projects. Comparable to VR Infraspace in luxury residential positioning and listed Indian developer status, though concentrated in the Mumbai metropolitan market.

Broad incumbents

• Sobha Limited: Large Indian real estate developer with nationwide presence in residential and contractual projects. Comparable to VR Infraspace in core residential development and backward-integrated construction model, though materially larger in scale.
• Prestige Group: Major Indian real estate developer with diversified residential, commercial, retail, and hospitality portfolio. Comparable to VR Infraspace in the residential and commercial property development segment, though operating at national scale.
• Mahindra Lifespace Developers: Listed Indian residential real estate developer focused on premium housing across multiple cities. Comparable to VR Infraspace in residential development focus, listed status, and target mid-to-premium buyer segment.
• Puravankara Limited: Listed Indian real estate developer with residential projects across multiple cities. Comparable to VR Infraspace in residential property development model, listed status, and mid-premium buyer targeting.
• Brigade Enterprises: Large Indian listed real estate developer with residential, commercial, and hospitality segments. Comparable to VR Infraspace in the mixed residential-and-commercial development approach and Indian listed status.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/VR_Infraspace
• YouTubeyoutube.com/channel/UCWEOKmUSFdnudyk6Y6wY3EQ
• Facebookfacebook.com/vrinfraspace
• LinkedInlinkedin.com/company/vr-infraspace
• Instagraminstagram.com/vr_infraspace/?hl=en

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VR Infraspace