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Eyeing expansion in South, West markets: Puravankara CEO Abhishek Kapoor

Kapoor discussed the factors driving revenue growth, strategy to strengthen the Southern market, project pipeline, and investment targets

Abhishek Kapoor, Group CEO of Puravankara
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Abhishek Kapoor, Group CEO of Puravankara

Aneeka Chatterjee

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Bengaluru-based Puravankara reported a consolidated loss of Rs 7 crore for the fourth quarter FY24. Abhishek Kapoor, group chief executive officer, in an interview on the phone with Aneeka Chatterjee, discusses the factors driving revenue growth and a strategy to strengthen the southern market. Edited excerpts:

 
Which segments will drive growth in the next two-three quarters?

We will drive growth under Puravankara, Provident, and Purva Land (three brands). As of today, without any addition to acquisition (Rs 300 crore of land advances), we will launch about 14 million square feet in a year. We may be able to add some