Puravankara expects Rs 250 cr from new biz

Realty firm Puravankara Projects Ltd on Friday said it is expecting revenue of over Rs 250 crore from its new luxury housing project in Bangalore.

The company will develop more than 300 units in this project. The price has been fixed at around Rs 7,000/sq ft.”Expected gross revenues from the project are in excess of Rs 250 crore," the company said in a statement.

Puravankara Projects has presence in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad and Mysore. It has completed 34 residential and two commercial projects comprising 7.8 million square feet of area.The company has 30 million sq ft of projects under development with an additional 81.5 million sq ft in projected development over the next 7-10 years.