PVP Ventures (PVP) has executed a Joint Development Agreement (JDA) with Brigade Enterprises for a residential project in the heart of Chennai. With this, PVP has fast-tracked the monetization of its prized land asset in the Chennai region. This development is expected to be amongst the largest residential projects in central Chennai. The project will encompass over 2.5 million square feet of residential inventory reflecting Brigade’s design excellence and construction standards.
As per the terms of the JDA, PVP Ventures will not incur any costs towards the development and is contracted to receive a 40 percent share of the revenue emanating from the entire sales of the project. The company expects its share of cash flows from this project to be in excess of Rs 1000 crore over a 5-year time frame.
PVP Ventures is currently engaged in different business activities. The company is engaged in the business of planning and evaluating all steps, processes and techniques for setting up, managing, operating, and transferring various types of infrastructure projects.
| Company Name | CMP |
|---|---|
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| Dilip Buildcon | 453.10 |
| DLF | 587.70 |
| Oberoi Realty | 1706.10 |
| Ahluwalia Contract(I | 817.85 |
| View more.. | |
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