Mexico’s Homex enters into JV with Puravankara for Affordable Housing in India

Mexico’s Homex enters into JV with Puravankara for Affordable Housing in India

Homex and Puravankara Partner for Affordable Housing in India. Homex, a leading Mexican developer of affordable housing, and Puravankara, a renowned Indian real estate company, have announced a joint venture to focus on affordable entry-level housing in India. Mexico’s Homex enters into a JV with Puravankara for Affordable Housing in India, they will focus on the South Indian market mainly Chennai.

Key Points:

• Joint Venture: Non-exclusive partnership between Homex India and Puravankara Projects Limited.
• Target Market: Affordable entry-level housing segment.
• First Project: Expected in the Chennai metro area.
• Significance:
  • This collaboration leverages Homex’s expertise in affordable housing with Puravankara’s experience in the Indian market.
  • It aims to address the significant demand for affordable housing in India.

Quotes:

• Gerardo de Nicolas, CEO, Homex: “We are enthusiastic… This partnership represents an important growth opportunity for Homex in India.”
• Ravi Puravankara, Chairman & MD, Puravankara Projects Limited: “There is a huge requirement in India for affordable entry-level housing… we feel confident that… we can become industry leaders in this segment.”

Additional Information:

• Homex brings a proven business model for affordable housing development.
• Puravankara contributes land resources and experience in the Indian housing market.
• This joint venture signifies a strategic move to address a critical need in the Indian housing sector.

This partnership between Homex and Puravankara has the potential to make a significant impact by providing much-needed affordable housing options in India.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in