Puravankara plans to launch 15 mn sq ft projects this fiscal, eyes topline of Rs 18,000 crore Moneycontrol.com
Bengaluru-based real estate firm Puravankara Ltd is planning to launch new projects spanning more than 15 million square feet across Bengaluru, Chennai, Kochi and Coimbatore this year and is eyeing a topline of Rs 18,000 crore from these launches in the next three years.
The company is also focusing on redevelopment projects in Mumbai, Abhishek Kapoor, executive director and chief executive officer at Puravankara told Moneycontrol.
“Our goal this fiscal is to continue the momentum of new launches. We are looking at a target of more than 15 million square feet (sq. ft.) of new launches. This year, almost half of our new launches will be under our Provident brand and the rest split between Puravankara and Purva Land. With these new launches, we will have in excess of Rs 11,000 crore from sold inventory. We are also looking at Rs 6,500 crore surplus from completed and ongoing projects as of March 31, 2023,” he said.
