Skip to main content

MoneyWorks4Me

IFC, IFC EAF to invest Rs 556 crore in Puravankara

17 Dec 2020 Evaluate

IFC -- a member of the World Bank group, and IFC Emerging Asia Fund (EAF) are planning to invest Rs 556 crore in an affordable housing platform of realty firm Puravankara to develop up to four projects. IFC and IFC EAF have partnered with the Puravankara Group to invest in the development of up to four residential projects under the Puravankara group's affordable housing brand 'Provident'. Two of these four projects are planned in Kochi and Bengaluru with a saleable area of 4.5 million sq ft. About 4,000 housing units will be built in the next five to seven years, with other projects to be identified by 2021.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

Peers
Company Name CMP
Lodha Developers 1005.00
Prestige EstatesProj 1433.00
Dilip Buildcon 390.30
DLF 670.00
Oberoi Realty 1614.65
View more..