Investment Worth Rs 1,550 Crore In Realty Project To Be Infused By Puravankara
Leading real estate developer Puravankara has planned to invest Rs 1,550 crore to construct a 3 million mixed-use project, mainly housing, at Kochi in Kerala. The move is a part of its plan to expand business amid the rising demand for apartments post 2nd wave of COVID-19. A subsidiary of the firm Provident Housing Ltd would develop 3 million square feet in the project. The project is spread over 18 acres, named 'Provident Winworth' at Kochi.
The real estate developer is expecting a sales realization of about Rs 3,000 crore from this project over the next 6-7 years.