Press Release2 Jul 2024, 09:49 pm
Puravankara Acquires 7-Acre Land Parcel in Hebbagodi, Bengaluru, with Potential GDV of Rs. 900 Crore
AI Summary
Puravankara Limited, a trusted real estate developer, has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru, a location near Electronics City with well-developed social infrastructure and proximity to the Hebbagodi Metro Station. The saleable area of the project will be around 750,000 sq ft, with a potential Gross Development Value (GDV) of 900+ crores. The company also recently announced the acquisition of a 12.75-acre land parcel in Thane’s Ghodbunder Road and Lokhandwala in Mumbai, with a potential total GDV of Rs. 5,500 crores over the project lifecycle. The group has added a potential total GDV of Rs. 1,550 crores with the recent acquisitions.
Key Highlights
- Puravankara Limited acquires a 7.26-acre land parcel in Hebbagodi, Bengaluru.
- The area is strategically located near Electronics City and is well-connected to other parts of the city.
- The land parcel has a potential Gross Development Value (GDV) of 900+ crores.
- The group has also recently announced the acquisition of a 12.75-acre land parcel in Thane's Ghodbunder Road and Lokhandwala in Mumbai.
- With the recent acquisitions, the group has added a potential total GDV of Rs. 1,550 crores.