Puravankara Projects is mulling to raise Rs 150 crore via sale of non-convertible bonds (NCBs) in order to build a housing project in Bangalore and also for the repayment of debt. Puravankara expects to pay 17% interest rate to investors. This is the second such bonds sale by the company since April, when the Bangalore-based developer had raised the same amount at 16% to fund the development of its 54-acre Purva Windermere residential project in Chennai.
Recently, Puravankara Projects wholly owned subsidiary, Provident Housing launched their project, Provident Harmony, in Bengaluru on January 07, 2012. This property is located in Chokkanahalli, off Thanisandra road in Bangalore and spread over 7 acres of land area.
Since inception, Puravankara has worked on values like uncompromising business ethos, focused customer centric approach, robust engineering and in house Research and Development has created the leading real estate brand.
