Real Estate

Real Estate Transactions

Puravankara to invest Rs.1,550-Cr in Kochi realty project; eyes Rs.3,000-Cr revenue

Economic Times  

Realty firm Puravankara Ltd will invest over INR 1,550 crore to construct a 3 million mixed-use project, mainly housing, at Kochi as part of its plan to expand business amid rise in demand of apartments post the second wave of COVID-19 pandemic. The company's subsidiary Provident Housing Ltd will develop 3 million square feet in the project, which is spread over 18 acres, named 'Provident Winworth' at Kochi. Puravankara is expecting a sales realisation of about INR 3,000 crore from this project over the next 6-7 years.