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Provident Housing on fund raise plans

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As revealed by the source at the www.propertykhazana.com, Bangalore based realty developers Purvanakara Projects limb Provident Housing and Infrastructure is proposing to invest Rs. 750 Crores by means of PE funds. The funds will be utilized to purchase property for its reasonable residential ventures.
The total amount of the venture is Rs. 8,000 Crores, out of this Rs. 750 Crores will be invested through PE funding at the venture level. While one is an Asia based fund and the rest of three are from US and over Rs. 7,250 Crores will be invested during a mix of interior buildup, debt and client advances. Company can also reduce about 30-40% share in each of the reasonable residential ventures. For more updates on this ventures browse www.propertykhazana.com.
Source: NBTVLIVE

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