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    Puravankara launching Rs.3,200 cr realty projects

    Puravankara launching Rs.3,200 cr realty projects
    The renowned real estate building major Puravankara Ltd has chalked out an ambitious plan to launch 14 new projects entailing an investment of about Rs.3,200 crore. Betting big on affordable housing, which has got infrastructure status in this year's budget, the Bengaluru-based developer will launch six new projects under its low-cost housing brand 'Provident' and the rest under premium 'Puravankara' brand. The company will be launching 14 projects, comprising about 15 million sqft of developable area and nearly 15,000 housing units, by the end of next year, MD Ashish R Puravankara said that out of total planned launches, 10.32 million sqft will be affordable housing under the Provident brand. The property market has stabilized post implementation of new realty law RERA, GST and note ban and therefore, the company has decided to launch several projects across key cities. These 14 projects will be spread across five locations - Bengaluru, Chennai, Mumbai, Pune and Goa where out of the 14 projects, 13 are residential and one commercial.
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