Puravankara Expands Land Portfolio with Strategic Acquisition in Kanakapura Road, with a potential GDV of over Rs 700 crore
Thursday, Jan 09, 2025 14:01:28
Bengaluru, 09 January 2025: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. This acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, connectivity, and residential demand.
The recently acquired land parcel in Vajrahalli, Kanakapura Road, spans an area of 3.63 acres, with a saleable area of 5.42 lakh sq ft and a total estimated Gross Development Value of Rs 700+ crore.
Commenting on the acquisition, Ashish Puravankara, Managing Director, Puravankara Limited, said: "We are excited to announce the acquisition of this land parcel at a p...