Puravankara Group Now Looks Beyond South

Published: April 28, 2009 at 9:03 AM | Author: Administrator
News Source: 23 April 2009 - DNA Money

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For its mid-income housing subsidiary, Provident Housing and Infrastructure, Bangalore-based realtor, Puravankara Projects is examining land parcels from other developers. Mr. Ravi Ramu, Director, Puravankara Group, said, "We are looking at new territories and evaluating projects. We have learnt that valuation of the land is 30-40% cheaper than last two years' prices. Even the payment terms are better, which is making the deals feasible." With this initiative, Puravankara Group, which mainly operates in the South region, hopes to enter other regions.