Property25 May 2026, 09:05 am
Puravankara Secures Land in Bengaluru, GDV ₹2,300 Cr
AI Summary
Puravankara Ltd has secured a 14.57-acre land parcel in Mandur, Bengaluru, with a gross development value (GDV) of approximately ₹2,300 crores. The land includes a 7.92-acre joint development agreement and 6.65 acres purchased by Puravankara. The project will have a total saleable area of about 1.8 million sq ft. This acquisition increases Puravankara's developable land in Bengaluru to 25.61 msft. The location benefits from its proximity to employment hubs and infrastructure.
Key Highlights
- Puravankara secures 14.57-acre land parcel in Mandur, Bengaluru.
- The project has a potential gross development value of ₹2,300 crores.
- Total saleable area for the project is approximately 1.8 msft.
- Acquisition increases Bengaluru developable land to 25.61 msft.
- Land parcel includes both JDA (7.92 acres) and purchased land (6.65 acres).
Price Impact
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