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Bengaluru Project Eyes Rs 1,300 Crore Revenue
10 Mar
Summary
- Puravankara formed a joint venture for a Bengaluru project.
- The project is estimated to generate Rs 1,300 crore in revenue.
- The development will span a 4-acre land parcel on Hennur Road.
Puravankara Ltd has established a new joint venture to develop a significant housing project in Bengaluru. The company announced this development on Monday, noting that it involves a 4-acre land parcel located on Hennur Road.
This strategic venture is anticipated to yield an estimated gross development value exceeding Rs 1,300 crore. The project encompasses a total saleable area of approximately 0.84 million square feet, highlighting its scale within the Bengaluru real estate market.
Puravankara, a prominent developer, has a substantial track record, having completed 93 projects across nine Indian cities. The company maintains a considerable land bank and ongoing projects, reinforcing its presence in the national real estate sector.
