Vijay Shanthi inks MoU with Bisazza

Chennai, Jul 13: Vijay Shanthi Builders Limited, a leading real estate developer in South India, today signed a Memorandum of Understanding with Bisazza, the Italy-based world leader in luxury glass mosaic, for using their glass tiles in its high-end residential projects.

Vijay Shanthi Builders Executive Director Naresh Jain told the press here after signing the MoU with Bisazza Export Sales Director Valerio Decao, the tie-up would help set new standards and was aimed at providing the best in the world to its customers.

It was the first Indian company to tie-up with Bisazza to introduce the Italian major's glass tiles in the country and after its maiden entry, the property development industry in the country would witness a massive change, he claimed.

With the introduction of Bisazza tiles, Vijay Shanthi, which was in the process of redefining luxury, would set new standards in the premier and luxury segments, Mr Jain said.

He said Vijay Shanthi Builders had more than Rs 200 crore worth land bank and would be executing projects covering more than 56 lakh sq ft of constructed area involving a total investment of Rs 1,360 crore in the next three years.

The company had already completed 88 lakh sq ft of constructed area, he added.

UNI