Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry. It achieved so through its joint venture with Singapore based Keppel Land Limited, the property arm of the 54% government-owned conglomerate, Keppel Corporation Limited. The joint venture company, Keppel Puravankara Development Private Limited, has several ongoing housing projects in India. Puravankara prides itself on continual innovation to meet evolving market needs. Provident Housing Ltd., a wholly-owned subsidiary was launched in 2009, to cater burgeoning demand in the affordable housing segment. Nearly 12 million square feet of projects are under development at the present. The company plans to expand its presence with the continued unabated demand in the market.
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