A real estate developer is looking to invest about ?2,000 crore over the next two to three years. The company aims to increase its sales value from the current ?2,300 crore to ?5,000 crore during the same period. It also plans to expand its development portfolio from 18 million sq ft to 30–35 million sq ft by FY2026-27.
In an exclusive conversation with ETRealty, the company’s leadership discussed their plans for the next three years, the rationale behind recent management changes, and other strategic initiatives.
The company has undergone management reshuffling in recent months. In December 2023, it appointed a new chief sales & marketing officer and a new chief human resource officer. In July 2024, the executive leadership was further restructured, with an elevation of the group CEO and strategic appointments in operations and corporate development.
The company also completed the buyout of a previous joint venture partner’s stake in a Chennai project, acquiring their equity through three tranches.
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