has informed that the wholly owned subsidiaries of the Company are launching projects and the pricing is based on Book Building method, where the price discovery process is driven by data from fundamental ‘Demand-Supply’ metrics.
Provident Housing Limited, a 100% subsidiary of the company proposes to launch its area sharing premium affordable housing development ‘Provident Palm Vista’ located near Shil Phata, Mumbai.
It is having a total saleable area of about 1.0 mn sq ft where our economic interest is 68.89% with certain clawback conditions.
T-Hills Private Limited, a 100% subsidiary of the company proposes to launch its plotted development project ‘Tivoli Hills’ located near Devanahalli, Bangalore having a total saleable plot area of about 1.4mn sft.
On Wednesday morning trade, Puravankara was trading at Rs135.95 apiece higher by 2.68% on Sensex.