In a major funding booster to affordable housing segment realty player Puravankara plans to set up a realty fund of about Rs.2,000 crore to develop low cost housing projects, primarily in key markets of Bengaluru, Mumbai, Pune, Chennai and Hyderabad, MD Ashish R Puravankara said. Encouraged by healthy sales bookings of over Rs.1,100 crore till December in the current fiscal, the company has lined up launch of 15 new projects by March next year entailing an investment of about Rs.3,200 crore in construction in the next few years. On this score, the developer is in talks with few investors to set up this platform within six months. He further noted that affordable housing segment has been performing well on the back of several initiatives such as infrastructure status and interest subsidies and that the company would launch six new projects under its low- cost housing brand 'Provident' and eight projects under premium 'Puravankara' brand. The company, in fact, has achieved 29% growth in sales bookings at Rs.1,102 crore in the first nine months of the current fiscal, as against Rs.853 crore in the year-ago period.
📅Published on:
14 February 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
