Rs 3,000 Crore To Be Invested By Puravankara Limited In Residential Projects
Real estate developer Puravankara Limited has decided to invest Rs 3,000 crore in FY21 to launch 11 housing projects. 10.5 million sq ft, with a mix of ultra-luxury, luxury, and premium affordable housing projects, is planned in FY21. Revenue of over Rs 6,000 crore is estimated by the company from the project. Out of a total of 10.5 million sq ft the company has successfully launched close to 2.5 million sq ft which comprises three of its projects -- Provident Woodfield, Purva Atmosphere in Bengaluru and Purva Aspire in Pune. The fourth project for FY21 – Emerald Bay at Purva Silversand in Pune is to be launched soon.