Vas Infrastructure

What Vas Infrastructure does

Vas Infrastructure Ltd is a publicly-listed Mumbai-based real estate development company incorporated in 1994 by Vinubhai Valia to provide affordable-luxury housing to India's middle class. The company's operations are concentrated in Borivali West, Mumbai, where it develops residential complexes under the Pushp Vinod sub-brand (nine identified projects numbered 1 through 17), alongside commercial real estate and urban redevelopment projects. Standardized project amenities include automated multilevel stack parking, solar-powered lighting, and rainwater harvesting systems. The company is BSE-listed (bom:531574, CIN: L65100MH1994PLC076538) with stated capital value of INR 250 crore, and is associated with the Pushpa Maa Foundation CSR trust (est. 2006).

The company's go-to-market is direct-to-consumer: residential and commercial units are sold to middle-class individual buyers and small businesses through its own administration office and corporate website, with no channel partners, brokers, or marketplace listings. Revenue is generated from one-time sales of ready-to-move and upcoming residential units, plus commercial property sales. Marketing relies on the corporate website, a comprehensive BSE-compliant investor relations portal, and regulatory filings. Pricing is not publicly disclosed and is quote-based.

The company is currently in Corporate Insolvency Resolution Process (CIRP) following an NCLT order in 2024, with Ashok Kumar Golechha acting as Resolution Professional. In April 2025, Authum Investment & Infrastructure Ltd was selected as the successful resolution applicant and issued a Letter of Intent to acquire a 94.99% stake at an INR 86.04 crore valuation; however, NCLT rejected the resolution plan on July 7, 2026, leaving the insolvency process unresolved. Operations continue at a constrained scale (11-50 employees, single Mumbai office) with the company relying on existing ready-to-move inventory and a pipeline of upcoming projects during the CIRP period.

Name

Vas Infrastructure

Legal name

Vas Infrastructure Ltd

Website

https://vasinfrastructureltd.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Vas Infrastructure Ltd is a BSE-listed Mumbai real estate developer building affordable-luxury residential complexes under the Pushp Vinod brand in Borivali West. It sells directly to middle-class individual buyers. The company is currently in CIRP after NCLT rejected its resolution plan in July 2026.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (23721), Residential Remodelers (236118), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

• Residential real estate
• Property development
• Affordable housing
• Urban redevelopment
• Commercial property sales

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: One-time sale of residential units (flats/apartments) in redevelopment and new residential projects. Revenue is generated from the sale of completed and upcoming residential complexes in Mumbai, primarily in Borivali West.
2. Commercial Property Sales: Sale of commercial spaces including shops, galas, and office premises in commercial projects

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Vas Infrastructure is a Mumbai-based real estate developer that builds and sells affordable luxury residential complexes under the 'Pushp Vinod' brand, primarily in Borivali West. The company develops both ready-to-move and upcoming housing projects targeting middle-class buyers, complemented by commercial property sales (shops, galas, and office premises) and urban redevelopment services. Residential complexes incorporate amenities such as automated multilevel stack parking, solar-powered lighting, and rainwater harvesting systems.

Product overview

Vas Infrastructure Ltd is a BSE-listed Mumbai-based real estate development company focused on making luxurious living affordable for the middle class. The company operates a portfolio of residential complexes under the 'Pushp Vinod' brand (with projects numbered 1 through 17), categorized as ready-to-move and upcoming developments, primarily located in Borivali West. It also offers redevelopment projects for urban renewal and commercial projects for business spaces. Key features across its projects include automated multilevel stack parking, solar energy systems for lighting, and rainwater harvesting for water conservation. The company's capital value stands at INR 250 crore.

Differentiator

Problem solved

Functional benefit

Brands

• Pushp Vinod: Residential project brand including Pushp Vinod 1, 2, 3, 4, 5, 8, 10, and 17 developments in Borivali West, Mumbai.

Products and services

• Pushp Vinod 1 Flagship ready-to-move residential complex of Vas Infrastructure in Borivali West, Mumbai, featuring an automated multilevel stack parking system and modern amenities for middle-class buyers.
• Pushp Vinod 2 Ready-to-move residential complex in Borivali West, Mumbai, offering modern amenities and economical living for middle-class buyers.
• Pushp Vinod 3 Ready-to-move residential complex in Borivali West, Mumbai, designed for middle-class affordable luxury living.
• Pushp Vinod 4 Ready-to-move residential project in Borivali West, Mumbai, featuring a three-level stack parking system and modern amenities.
• Pushp Vinod 15 Ready-to-move residential complex in Borivali West, Mumbai, offering modern amenities for middle-class buyers.
• Pushp Vinod 5 Upcoming residential development in Borivali West, Mumbai, part of the Pushp Vinod branded portfolio.
• Pushp Vinod 8 Upcoming residential development in Borivali West, Mumbai, part of the Pushp Vinod branded portfolio.
• Pushp Vinod 10 Upcoming residential development in Borivali West, Mumbai, part of the Pushp Vinod branded portfolio.
• Pushp Vinod 17 Upcoming residential development in Borivali West, Mumbai, part of the Pushp Vinod branded portfolio.
• Commercial Projects Commercial spaces (shops, galas, and office premises) of international standards developed by Vas Infrastructure in Borivali West, Mumbai, to support business growth and meet demand for trade-centric commercial real estate.
• Redevelopment Projects Urban redevelopment services for existing structures, primarily located in Borivali West, Mumbai, undertaken by Vas Infrastructure Ltd.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Link Intime India Pvt. Ltd.minorOthersRegistrar and Share Transfer Agents for Vas Infrastructure Ltd, located at C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai - 400083. Provides share transfer and investor services.
• Pushpa Maa FoundationminorOthersCharitable trust established in 2006 by Vinubhai Valia, Chairman and Managing Trustee. Foundation engages in providing medical aids to the needy, scholarships for underprivileged students, conveyance for senior citizens, and maintains Dada Dadi Parks chain for community programs. Located at Veer Sawarkar Udyaan, IC Colony, and Soniwadi in Borivali West.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Brigade Enterprises: Bengaluru-headquartered listed developer with residential and commercial projects; comparable mid-market positioning and listed-company governance profile.
• Prestige Estates Projects: Large listed Indian residential developer primarily operating in South India with a comparable mid-income-and-above customer thesis and product mix of apartments with amenities.

Broad incumbents

• Macrotech Developers (Lodha): India's largest listed residential developer with significant Mumbai presence; competes with Vas across affordable-luxury and mid-income housing segments and dwarfs Vas in scale and pipeline.
• Godrej Properties: Pan-India residential developer with active Mumbai projects across price points; competes for the same middle-class and aspirational buyer pool that Vas targets in Mumbai.
• DLF Limited: India's largest real estate developer by historical scale; competes for premium and mid-income housing demand in major metros including Mumbai and serves as a useful benchmark for Vas's product strategy.

Emerging players

• Mahindra Lifespace Developers: Listed Indian residential developer with mid-income and affordable housing projects and explicit ESG positioning — comparable to Vas's eco-friendly amenities focus.
• Sobha Limited: Listed Indian residential developer known for backward-integrated construction and a similar emphasis on quality mid-income housing, though geographically focused outside Mumbai.

Direct peers

• Oberoi Realty: Mumbai-focused residential and commercial developer listed on Indian exchanges with overlapping product positioning across mid-to-premium segments and exposure to the same Mumbai micro-markets as Vas Infrastructure.
• Keystone Realtors (Rustomjee): Mumbai-focused mid-to-premium residential developer of comparable scale to Vas with overlapping product positioning in redevelopments and new mid-income projects.
• Sunteck Realty: Mumbai-focused listed developer in the luxury and mid-luxury segments with comparable scale to Vas and overlapping Borivali-area exposure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/vas-infrastructure-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Vas Infrastructure