Though the frm has yet to launch any projects this financial year, it is looking to do so at Kalyan near Mumbai, Chandivali in the city, and in Pune, in the second half of the year. “If we launch new projects in the tbhird or fourth quarters, it will be a big deal for us,” she said.
Prasad said the company was also in talks with sovereign funds and fund managers to float joint investment platforms for developing of new projects. It already has such platforms with HDFC Capital for affordable housing, with UK-based Actis for mid-premium projects and with IFC for industrial projects.
"Sovereign funds want to do large scale projects in terms of size and long gestation projects," she said.
With HDFC Capital, it has launched an affordable housing project in Palghar (a distant Mumbai suburb) under the brand of 'Happinest'. And, looking to launch one in Kalyan. "We are looking to do more with HDFC Capital," she said.
With Actis, it has developed projects in Gurgaon and Bengaluru.
Prasad said the company would scale up business, take debt selectively and float more platforms.