Chennai, Nov. 15 -- In a major move ahead ofits planned IPO, DRA Homes has rolled out a Rs.125 crore ESOP programme,granting 5% ownership to its 325 employeesandpushing its valuation to Rs.2,500 crore. The fully granted ESOP, which vests over three years,is set to create ten crorepati employeesand marks one of the most inclusive wealth-sharing initiatives in India's real estate sector.

The announcement aligns with DRA Homes' strategic roadmap asthe company prepares for an IPO within the next three years.DRA Homes currently holds a valuation of Rs.2,500 crore, supported by a strong operational and financial foundation. For the current financial year, thecompany is targeting Rs.800 crore in revenue, building on last year's revenue of Rs.52...