Puravankara Projects is planning capital expenditure of Rs 1,000 crore during FY16. The company has planned a number of projects across several major cities, including Bengaluru, Pune, Mumbai and Hyderabad. The company is poised to work on a new project close to the PV Narasimha Rao Expressway (Outer Ring Road) in Hyderabad under its Provident brand.
Recently, the company, as part of its Vision 2020 Growth Strategy 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.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.
