homevideos Newsbusiness NewsPurvankara forays into Kerala market with Rs 3,000 crore project in Kochi
Purvankara forays into Kerala market with Rs 3,000 crore project in Kochi
Puravankara has forayed into the Kerala market with a Rs 3,000 crore project in Kochi, Abhishek Kapoor, CEO at Puravankara discussed about the project and the outlook for the business.
Puravankara has forayed into the Kerala market with a Rs 3,000 crore project in Kochi, Abhishek Kapoor, CEO at Puravankara discussed about the project and the outlook for the business.
The company is looking at Rs 1,550 crore of deployment in this particular project and International Finance Corporation will be deploying around Rs 165 crore in this project, he said.
Also Read:
The project is estimated to be completed between 6 and 7 years and the company will be monetizing it over the next 6-7 years, he mentioned.
He believes that the business growth will come from new launches. He is very positive in terms of business outlook even though Q1FY22 and Q2FY22 was lost largely on account of COVID-19.
For the full interview, watch the accompanying video.
Catch all stock market updates here
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM
Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats
May 15, 2024 8:09 PM