Acquisitions9 Jan 2025, 05:50 pm
Puravankara Expands Land Portfolio with Strategic Acquisition in Kanakapura Road, with a Potential GDV of over Rs 700 crore
AI Summary
Puravankara Limited, a trusted real estate developer, has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. The acquisition, with a potential GDV of over Rs 700 crore, aligns with the company's strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, connectivity, and residential demand. The land parcel, located in Vajrahalli, spans 3.63 acres and has a saleable area of 5.42 lakh sq ft. It is well-connected with road and metro networks and is located near the Thalaghattapura Metro Station on the Green Line of Namma Metro. The area also boasts robust social and retail infrastructure.
Key Highlights
- Puravankara Limited has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru.
- The acquisition aligns with the company's strategic vision to expand its footprint in key Bengaluru micro-markets.
- The land parcel has a potential GDV of over Rs 700 crore and a saleable area of 5.42 lakh sq ft.
- The land parcel is located in Vajrahalli, Kanakapura Road, and enjoys seamless road and metro connectivity to prominent parts of the city.
- The area boasts robust social and retail infrastructure.