DRA Homes to invest Rs 2,000 crore in FY24-25, Real Estate News, ET RealEstate
NEW DELHI: DRA Homes plans to invest Rs 2,000 crore for the financial year 2024-25. As part of its expansion strategy, the company has committed an investment of Rs 500 crore in Chennai.
The outlay will be funded by further equity, internal accruals, family office investments and structured debt.
The company will focus on the mid-segment, ranging from Rs 50 lakh to Rs 2 crore, and will also introduce commercial development, villas and layout stock as part of its sales plan from FY 2024-25 onwards.
It plans to launch projects with total saleable are of 1.2 million sq ft with an estimated turnover of Rs 750 crore in the next 3-4 months.
