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Puravankara Projects to develop 2-acre land parcel in Bhandup

04 Feb 2015 Evaluate

Puravankara Projects has entered into a Joint Development Agreement (JDA) to develop a 2-acre land parcel owned by Maharashtra Steel Rolling Mills in Bhandup suburb of Mumbai. The company is planning to develop a residential project, which marks its re-entry into Mumbai. The company estimates top line of approximately Rs 400 cores.

The realty major and its subsidiary Provident Housing have earlier entered into a partnership with 99acres.com to offer online booking services for their homes.

Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad and Mysore. The company has 25.52 million square feet of projects under development with additional 79.83 million square feet in projected development over the next 7 -10 years.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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