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05-Jun2017

Puravankara to invest Rs 750 crore on construction of ongoing projects in FY18

Puravankara will invest Rs 750 crore on construction of ongoing projects in the current fiscal and is looking for joint venture (JV) partners to expand business. The Bengaluru-based developer also plans to launch 7-8 million square feet area in 5 projects in 2017-18. The company had invested Rs 2,000 crore during last two fiscals on construction of projects.

Besides, the company has a pipeline of over 22 million square feet over the next two years in six markets -- Bengaluru, Chennai, Hyderabad, Pune, Mumbai and Goa -- where it has presence.

Puravankara is a leading real estate company in India, with presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Mumbai and Pune.




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