INRnews - Indian Real Estate News

The company hopes to raise funds through an initial public offering (IPO) or through private placement of equity. Whatever the chosen route, the money is expected to be raised in 6 months. In regard to private equity placement, the company is open to domestic and international investors. At present, IVR has an equity base of Rs.50 crores with a market value estimated at Rs.3000 crores.

IVRCL's building division with an 850 member team is expected to dig into the projects and execute them in four years' time.

Here is a list of the company's ongoing projects and future plans:-

Hyderabad - A mall, an IT park, a 300-room seven star hotel, residential and commercial space at Gachibowli and Hi-tech city with all located at the newly created Cyberabad. The total estimated cost of projects is over Rs.2000 crores.

Chennai - 500 acre estate being developed near Sriprumbudur with a business park, resort, 90-room deluxe hotel, hospital, colleges, residential complex and an 18-hole golf course. The estimated total cost is again over Rs.2000 crores.

Pune - Joint development is planned at 100-acres at Pimpri for a business park, residential complex, hotel and a hospital. 

Lonavala - 500 acres of land have been purchased for constructing a resort and residential plots.

Bangalore - A project valued at Rs.300 crores for constructing a hotel, club house and residential complex has been taken up at a 30-acre site adjacent to Hosur Road. Plots measuring 3.5 acres and 25 acres have been acquired at Whitefield for the construction of a residential complex and independent houses at a cost of Rs.140 crores.

The New Okhla Industrial Development Authority has allotted 43 acres of land for group houses to IVRCL. The project is estimated to cost Rs.125 crores.