Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans.This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft.This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.On November 3, ET was first to report that Provident Housing and HDFC Capital were in talks for this funding.“With HDFC…
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