Veegaland Developers IPO

Incorporated in 2007, Veegaland Developers Limited is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects in Kerala, India. The Company develops residential projects across mid-premium, premium, ultra-premium, luxe-series and ultra-luxury segments under its brand name ‘Veegaland Homes’. Its projects are located across Kochi, Thiruvananthapuram, Kozhikode and Thrissur. 

According to the ICRA Report, as of December 8, 2025, the Company was ranked as Kerala’s fastest-selling real estate developer and is among the recognised residential real estate developers in the state. 

As of June 30, 2026, the Company had a portfolio of 25 projects, comprising 10 completed projects, 12 ongoing projects and 3 upcoming projects. Its completed projects had an aggregate saleable area of 11.05 lakh square feet comprising 692 units, all of which had been sold. 
Its 12 ongoing projects had an aggregate saleable area of 18.57 lakh square feet comprising 987 units, of which 637 units had been sold, representing 63.62% of the saleable area excluding units allocated to landowners under JDAs. 
Its three upcoming projects collectively accounted for an estimated saleable area of 4.62 lakh square feet, comprising approximately 212 residential units. 

The Company has experience in developing projects through both outright acquisition of freehold land and joint development arrangements (JDAs) with landowners. Its project execution model is supported by an in-house team of engineers responsible for project planning, supervision, quality control and regulatory compliance, while construction and specialised design activities are undertaken through third-party contractors and consultants. 

The Company forms part of the broader V-Guard Group, founded by its Promoter, Kochouseph Thomas Chittilappilly. As of June 30, 2026, the Company has 127 full-time employees.