What we do Veegaland Developers Limited is a Kerala-based real estate developer focused on premium residential projects across Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. |
Founded in 2,007 |
Market share Emerging player in Kerala's mid to ultra-luxury residential real estate markets under the Veegaland Homes brand. |
Problem solved Addresses demand for quality residential housing spanning mid-premium to ultra-luxury segments in Kerala. |
Top clients or who we serve Serves individual homeowners and real estate investors primarily in Kerala's urban centers (B2C). |
Key management - |
Our journey and innovations Started in 2011 with Green Clouds, expanded across key Kerala cities, evolved into ultra-luxury residential segments. |
Where we operate Kerala state, India - cities include Kochi, Thiruvananthapuram, Kozhikode, Thrissur. |
Top products or what we offer Residential apartments branded as Veegaland Homes across multiple luxury tiers from mid-premium to ultra-luxury. |
Top brands Veegaland Homes - recognized residential projects across Kerala, focusing on quality and luxury. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues largely cyclical, tied to real estate project sales and construction cycles. |
Our industry position Niche regional presence with growing footprint in Kerala's competitive residential real estate market. |
Financial highlights Revenue of Rs 251 crore and net profit of Rs 27 crore for fiscal year ending March 2026. |
Geographical revenue split Primarily from Kerala state markets; no significant exports or other regional revenue reported. |
Order book - |
Whats driving growth Strong urban housing demand in Kerala, brand expansion, and planned capital raise to fund growth. |
Our future plans IPO planned to raise Rs 250 crore to accelerate project development and geographic expansion in Kerala. |
Our green promise - |
Our people and values - |
Key challenges ahead Real estate market cyclicality and project execution risks in a competitive Kerala market. |
Interesting facts Part of the diversified V-Guard Group with over four decades of legacy in diversified businesses. |
Risks and strategy - |
