Ashish Puravankara, MD, Puravankara Ltd, said the company is planning to build around 8 million sq ft of commercial office space in the next five years across Bengaluru, Chennai, Hyderabad, Pune and Mumbai. File photo: MintMumbai: Bengaluru-based real estate firm Puravankara Ltd is in talks with institutional investors to form two separate investment platforms totalling upto Rs4,000 crore to fund its future expansion plans, said senior executives of the company. “The biggest risk of commercial real estate (business) is exit. Of the total, 10 million sq ft are in affordable housing space with prices ranging between Rs25 lakh to Rs50 lakh per apartment. To fund these expansion plans, the company is planning to create investment platforms with few institutional investors.

Source: Mint February 25, 2018 18:56 UTC