Puravankara launches Rs.8,200 cr realty projects

The wholly owned subsidiary of Provident Housing, Puruvankara Limited is launching a real estate project near Dabolim in Goa at an investment of Rs.500 crore. Apart from this, Puravankara is also entering into a management contract with one of India‘s best-known Hospitality Business Group, The Park Hotels. A full-fledged hotel/service apartment is proposed to be built & operated by The Park Hotels, under its zone by the Park brand wherein it will invest over Rs.3,200 crore to develop over 15mn sq.ft of land across Mumbai, Goa, Pune, Bangalore, and Chennai in the next 12-15 months. The first project named Adora de Goa is its maiden foray into Goa‘s property market. The construction contract has been awarded to L&T and it expects the project to deliver a sales volume of close to Rs.1,000 crore over the next 5 years. Adora De Goa is a unique residential project integrated with features of a resort that resonates with the nature and culture of the state. The property offers residential homes with world-class amenities, retail spaces with high street coffee shops, restaurants, spa and boutiques with unmatched hospitality & leisure retail experience, said an official spokesperson.