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The company is also looking at tapping private equity and debt market to fund its Rs 1,000 crore land acquisition plans.
Manoj Sai Namburu, chairman and managing director, Alliance Group said that the company's major focus has been Chennai, where 10.4 million sq. ft. of land worth Rs 5,000 crore is under different stages of execution. The company's offerings are in the range of Rs 65 lakh to Rs 1.2 crore.
Alliance is also developing two villa projects in Bengaluru. In Hyderabad, the company has decided to put its project on hold due to the local political climate.
Of the Rs 200 crore, around Rs 150 crore will be used to buy lands and drive expansion while the balance will be utilised to fund the ongoing projects, said Kamalakar Shet, director - finance, Alliance Group.
"Over the next three years, we are looking at acquiring land parcels worth Rs 1,000 crore and to fund this we will look at private equity, apart from funding from internal resources and through debt," said Namburu, who ruled out possibility of listing the company in the immediate future.
The company also said it is looking at others parts of the country including Pune and Mumbai as part of its pan-India foray.
"Over the next 10-15 years our focus will be only on the metros," said Shet, adding that it may opt for joint ventures.
The company clocked Rs 300 crore revenue and Rs 51 crore bottom line in 2013-14 and has set a target to close the current fiscal with a revenue of Rs 325 crore and Rs 60 crore bottom-line, said Namburu.
