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Sri Krishna Constructions to foray into affordable housing business

01 Dec 2017 Evaluate

Sri Krishna Constructions (India) has proposed to enter into affordable housing space. The company has identified 2.5 acres of land at kambipura village, Kengeri Hobli, Bangalore for development of the project. The company has also started collecting applications from aspirants and the company has received huge response. Already more than 100 applications have being received.

The company intends to execute around 400 units of affordable apartments in the said project and expects a revenue of around Rs 90.00 crore in next 6 to 8 quarters. Also the company expects a profit of around Rs 10.00 crore from the project.

Sri Krishna Constructions (India) is an India-based company, which is engaged in land development and constructions business.


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