Puravankara looking to create up to Rs 2000 cr realty fund

 

New Delhi, Feb 13: Realty firm Puravankara plans to set up a real estate fund of up to Rs 2,000 crore to develop affordable housing projects, primarily in key markets of Bengaluru, Mumbai, Pune, Chennai and Hyderabad.
Buoyed by healthy sales bookings of over Rs 1,100 crore till December in the current fiscal, the company has lined up launch of 15 new projects by March next year entailing an investment of about Rs 3,200 crore in construction, spread over the next five years.