Mr Sornsak says the company’s homebuilding business will remain, but will be diluted after the property development business grows.
Nirvana Daii Plc (NVD) is poised to expand its housing development business, with plans to launch nine projects worth a total of 21.1 billion baht, the largest number since its establishment.
After restructuring and reforming two years ago, the company plans to rename itself Nirvana Development in April, a former name it used after its establishment in 2005.
Chief executive Sornsak Somwattana said this year the company is ready to gear up residential development with a presales target of 8.5 billion baht, up 1.6 times from 3.26 billion last year, and a revenue growth target of 75% to 4.5 billion.
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