Puravankara Projects, as part of its Vision 2020 Growth Strategy has identified Hyderabad as one of the core markets over the next 5 years. The stable socio-political environment and the pro-growth outlook of the policy makers in the city, is expected to trigger a multi-year economic growth and boost the Hyderabad market. With commercial real estate already seeing significant traction in the city, the residential market is expected to open up soon and offer vast opportunities for Tier 1 development firms. In the next 2 years, the latent demand for housing will propel the markets up in terms of both price and sales velocity.
The Group will shortly launch a large project under the Provident Brand in Rajendranagar on the PVNR Airport Expressway, through an innovative book building process. The project which has been tied up through a Joint Development model, is already generating a lot of interest from buyers and real estate brokers across the country and in overseas markets.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.