News on Medial

Puravankara eyes up to ₹2,000 cr capex, PE backing to become a ‘national player’

Livemint · 5m

Bengaluru-based real estate company Puravankara Ltd plans to allocate up to ₹2,000 crore for land acquisitions over the next year as part of its strategy to become a national brand. The company intends to triple its land bank over the next three years. It is currently in advanced talks with private equity investors and is accessing multiple routes of investment to fund these acquisitions. Puravankara is also looking to enter the Delhi-NCR market in the future and is evaluating opportunities there. The company's revenue grew by 36% year-on-year to ₹520 crore.