Puravankara invests ₹3,000-cr in real estate projects - NBM Media Pvt. Ltd.

Puravankara

Puravankara will invest ₹3,000 crore in residential projects on 14 million sq ft area in the next few years. The company will also launch its affordable homes brand, Provident, in the Mumbai Metropolitan Region (MMR) in Pune.

MD Ashish Puravankara informed that the company's focus is on residential sales and their digitalization initiative has led to good sales. It recorded a sales value of ₹314 crore in the first quarter from ready-to-move and under-construction projects. It currently has three commercial projects in Bengaluru — Purva Premier, Purva Mall and Purva Gainz — as well as Purva Primus in Chennai and Purva Summit in Hyderabad and all these five projects total up to 1.3 million sq ft.

: Published: 27 August 2021

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