The project launched by Provident housing in Coimbatore is doing well in terms of sales. In the last quarter they have done more than about 500 apartments and the momentum is likely to continue
In an interview to CNBC-TV18, Jackbastian Nazareth, group chief executive officer and joint managing director of Puravankara Projects says the company has clocked 1.23 million square feet in sales. "We are very much on track to do a three million guidance that we promised," he adds
Real estate firm Puravankara Projects' consolidated net profit jumped 89.4 percent to Rs 50.2 crore in the second quarter of current financial year from Rs 26.5 crore in a year ago period.
Puravankara Projects is looking to launch 5 new projects in FY13, looking to tap markets in cities like Bangalore, Chennai, Coimbatore, Mangalore and Mysore.
Bangalore-based real estate firm Puravankara Projects has drawn up a 3-pronged strategy to accelerate growth in FY13. CNBC-TV18's Vineetha Athrey reports that the company is banking on entering an untapped segment.
Jackbastian Nazareth, COO of Puravankara Projects, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, said that the company is well poised to manage their debt levels. He said, "Our focus has been on consolidation and execution of these projects in last 12 months."