Introduction
Agrawal Infracon Private Limited, or DRA Infracon, is an infrastructure development and construction company based in Ahmedabad, Gujarat, India. It was founded by Mr. Dineshchandra Rameshwarji Agrawal at Deesa in the Banaskantha district of Gujarat in 1972.
DRA (Debt Recovery Agent) Homes has announced a strategic investment plan of Rs 2000 crores for the financial year 2024–25. As part of its expansion strategy, DRA Homes has committed an investment of Rs 500 crores. Further solidifying its commitment to development and growth.
DRA Homes in the Chennai landscape and strengthening its position as a key player in the market. The outlay shall be funded by further equity, internal accruals, family office investments, and structured debt, it said.
DRA Homes by March 2024 Rs. 2000 cores total inventory will start new projects. Company: Rs. 50 lakh to Rs. Focused on the mid-segment up to 2 cores. It will also introduce commercial developments, villas, and layout stocks as part of its sales plan for FY 2024–25.
Investment Plan for the Financial Year 2024-25.
Leading real estate developer DRA Homes has unveiled its investment plan for the financial year 2024–25.
- Investment Commitment: DRA Homes has proposed an investment of ₹2,000 crore for the coming financial year. This substantial expenditure reflects their commitment to expanding their real estate portfolio in Chennai.
- Initial Investment: As part of its strategic approach, the company has already committed an initial investment of ₹500 crores in the Chennai real estate market.
- Sources of Funding: The proposed investment will be funded through a combination of equity infusions, internal accruals, family office investments, and structured debt.
DRA Homes in Chennai Announces Investment Plan
DRA Homes Managing Director Ranjeet Rathore said. Based on the success of the last few years and the positive outlook of the real estate market, we are pleased to announce our ambitious investment plan for the coming financial year.
This is the growth potential of the Chennai real estate market. Reflects our confidence and our commitment to deliver world-class projects. Achieved a record 10.6 million square feet of commercial floor space by 2023. After that, we believe the Chennai market will witness strong commercial and residential demand this year.
Multi-villas with a Turnover of Rs 750 crore
In the next three or four months, the company plans to launch multiple villa and apartment projects in areas like Karanai, Madambakkam, Madhavaram, Moolakadai, Egmore, and OMR, covering an area of 1.2 million square feet with a turnover of Rs 750 crore.
Conclusion
DRA Homes is gearing up for an exciting expansion and development aimed at contributing significantly to Chennai’s real estate landscape. The Chennai market is poised for strong growth, especially after achieving a record 10.6 million square feet of commercial floor space by 2023. For more information, visit Openplot.
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