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Navin's Housing Pvt Ltd, a Chennai-based real estate company, expects to clock a turnover of around Rs 350 crore by the end of the current financial year.
The company is currently developing around 3 million sft of residential projects worth Rs 1,500 crore in Chennai. It is also looking at expansion into other cities and plans are to come up with a project in Trichy soon.
"We have around 105 projects in our profile, including 94 completed projects and the rest under various stages of construction. Another 8-9 projects are in the process of getting approval," said Kumar, managing director of Navin's Housing Pvt Ltd.
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Its current projects and those awaiting approval would together have around 3.6 million sft of development.
The projects under construction include Navin's Starwood Towers, Navin's Hill View Avenue and Navin's Goldent Glade. While its focus is middle-income customers, its current projects cover the other customers also, with a price range of Rs 25 lakh to Rs 3 crore per apartment.
The company is investing in these projects through institutional funds, sales accruals and other methods.
It had launched its Rs 150 crore residential project Navin's Whiteberry on August 21 at Moolakadai in Chennai.
