Sowparnika eyes rs 1,000 cr revenue by 2022 1
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Sowparnika Projects and Infrastructure, an affordable housing developer based in Bengaluru, aims to double its portfolio to 10 million square feet and reach Rs. 1,000 crore in revenue by 2022. Currently with a portfolio of 5 million square feet across 27 projects and Rs. 230 crore in revenue for 2016-17, the company plans to expand its presence to tier 2 and 3 cities in Southern India as well as cities in other regions like Chennai, Tiruchirappalli, and Hubli. The managing director further commented that the company intends to launch an IPO by 2022 to capitalize on the improving investor sentiment around the affordable housing sector in India.
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