Puravankara Group is planning to launch 11 residential projects with a total saleable area of around 10.23 million sqft this fiscal (FY21), even as the COVID-19 pandemic continues to impact the sector. The company, which already launched two projects in the first quarter of the fiscal (Q1FY21), plans to launch a total of six projects under the Purvanakara luxury brand and five under the Provident affordable housing brand.
The company is expecting revenue of over Rs 6,000 crore from these 11 projects with an average realisation of Rs 7,500 per sqft from Purvanakara projects (2.67 million sqft) and Rs 5,500 per sqft from Provident projects (7.56 million sqft).
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
