The Hindu·3 min read·medium

Developer looks to expand frontiers beyond Coimbatore

T
The Hindu Bureau
Developer looks to expand frontiers beyond Coimbatore
AI Summary

Adissia Developers, a Coimbatore-based real estate firm, plans to scale its operations to reach a ₹1,000 crore turnover within two years. The company is shifting its headquarters to Chennai and expanding its focus from plotted developments to premium apartments.

Adissia Developers, a relatively new player in the market which started its journey in Coimbatore is aiming to be a ₹1,000 crore firm in the next two years. “Currently, our turnover is ₹520 crore and we will be a ₹1,000 crore company in two years. We expect our turnover to be around ₹2,500 crore in 4-5 years,” M.V. Manikandan, Founder and CMD of Adissia Developers, said.

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