Veegaland Sarovar in Kozhikode: Premium Apartment Project Listed as Upcoming

Project status

Veegaland Sarovar is listed as an upcoming project. As of 30 June 2026 it had not been launched, no booking date had been set, and no construction start had been recorded. The project was awaiting a building permit on that date.

Because the project is not yet registered under RERA, no RERA possession date applies to it. Price band, unit types and possession timeline have not been publicly set out for Sarovar in the material available as of this report.

About the developer

Veegaland Developers Limited was incorporated in 2007 and entered real estate development in 2011 with its first project, Green Clouds in Kochi. The company was renamed from Veegaland Developers Private Limited by a shareholder resolution dated 29 July 2011. It is part of the V-Guard Group, founded by promoter Kochouseph Thomas Chittilappilly.

The company operates in Kochi, Thiruvananthapuram, Kozhikode and Thrissur. As of 30 June 2026 it reported 10 completed residential projects (692 units), 12 ongoing projects (994 units) and 3 upcoming projects (212 units). The 212-unit figure covers three upcoming projects, Fortune, Sarovar and East Fort, and is not a count for Sarovar alone.

Its ongoing Kozhikode project is Symphony in Chevayur, which has its own RERA registration and a RERA completion date of 31 July 2027. That project is separate from Sarovar.

Location and connectivity

Kozhikode is the second-largest city in Kerala, with a population of over two million. The exact locality and road of Sarovar within the city has not been set out in the available material.

• Mavoor Road runs from the Mananchira area in downtown Calicut through the KSRTC and new bus stand areas to Arayidathupalam junction.
• From Arayidathupalam, Kottooly is the main junction, and K.T. Gopalan Road runs north from it.
• Mavoor Road continues through Thondayad junction and Chevayur junction to Calicut Medical College.
• The city has three bus stands. Private buses to suburban and nearby towns run from Palayam Bus Stand.

Kozhikode has no operating metro. Its metro start date is not fixed.

Infrastructure in the pipeline

Several projects are planned for the city. Their status as of 2026 is set out below.

• Kozhikode Light Metro: a proposed corridor of 13.3 to 14.2 km from Medical College to Meenchanda through Chevayur, Thondayad, Kottooli, Mananchira, Palayam and Kallayi, subject to final alignment. The scheme was still at the proposal and preparatory stage in 2026, with an estimated cost of INR 2,773 crore.
• NH66 upgrades: named as a Kozhikode highway project meant to improve intercity travel.
• Kozhikode airport capacity expansion: planned to enhance international movement.
• Port-city development: the state plans to develop Kozhikode as a port city. The light metro work is set to move ahead after ongoing studies.

The Kerala Budget allocated INR 20 crore for light metro proposals in Kozhikode and Trivandrum. None of these projects has a confirmed completion year in the available material.

Developer listing and recent milestones

Veegaland filed its draft papers with SEBI on 30 December 2025 and filed its red herring prospectus with the Registrar of Companies on 31 August 2026. Its public offer was open from 10 to 15 September 2026, and its shares were listed on BSE and NSE on 18 September 2026.

For the quarter ended 30 June 2026, the company reported revenue of INR 74.32 crore and a net profit of INR 9.72 crore. ICRA assigned BBB+ (Stable) to the company's INR 500 crore long-term bank facilities. The red herring prospectus refers to the upcoming project as Veegaland Sarovar.

On 26 October 2026, sister project Fortune was launched in Kaloor, Ernakulam, after K-RERA registration. Sarovar had not been launched at that date.