Puravankara Projects is planning to invest Rs 1,000 crore in FY15 on construction of its housing projects. The company has already invested Rs 235 crore in the first quarter of this fiscal. The Bangalore-based company is also aiming to launch 18 million sq ft of new projects this fiscal, of which 10 million sq ft will be under its affordable housing brand ‘Provident’.
Further, the company is targeting to cut external net debt by about Rs 250 crore by March next year on improved sales. The net external debt of the company stood at Rs 1,266 crore at the end of the June quarter.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka. The company has successfully completed 41 residential and 2 commercial projects encompassing 16.52 million square feet.
Company Name | CMP |
---|---|
Dilip Buildcon | 466.20 |
Macrotech Developers | 1210.45 |
NBCC (India) | 139.00 |
Prestige EstatesProj | 1451.00 |
DLF | 877.55 |
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