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Puravankara going to launch a luxury residential project

Comments(2) Sub Category:Bangalore,Cities,Realty News,Residential Real Estate Posted On: Jan 28, 2013

PuravankaraPuravankara Projects is planning to launch a luxury residential project in Rajajinagar. The project will have around 300 units of combination of both two and three BHK apartments spread over four lakh square feet.

The size of the two BHK apartments are between 1,200 and 1,408 square feet and three bedroom apartments 1,600 to 1,792 square feet. The price per square feet ranging from Rs 6,500 to Rs 7,000.

Purvankara Projects Limited, a realty firm is expecting gross revenues of over Rs 250 crore from the project in Bangalore. Puravankara has its presences in Kochi, Coimbatore, Bangalore, Chennai, Mysore and Hyderabad. They have completed around 34 residential projects 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.

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