Latest News | Puravankara Acquires 7.26-acre Land in Bengaluru to Build Rs 900 Cr Worth Housing Project

Bengaluru, Jul 2 (PTI) Realty firm Puravankara Ltd on Tuesday said it has acquired a 7.26-acre land in Bengaluru to develop a housing project worth Rs 900 crore.

In a regulatory filing, the company informed about the acquisition of the land parcel in Hebbagodi, Bengaluru. It did not disclose the deal value and also did not share whether the company bought the land outright or partnered with the landlord.

Also Read | Air Europa Flight Experiences Severe Turbulence Leaving Passenger in Overhead Bin: Is Climate Change Behind Increasing Incidents of Clear Air Turbulence?.

Saleable area of the project will be around 7.5 lakh square feet, with potential sales booking value or gross development value (GDV) of over Rs 900 crore.

The company also recently announced the acquisition of a 12.75-acre land in Thane's Ghodbunder Road and Lokhandwala in Mumbai, with a potential total GDV of Rs 5,500 crore.

Also Read | Shillong Teer Results Today, July 02 2024: Know Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

In a separate filing, the company informed that its subsidiary Provident Housing Ltd has purchased owner's shares of land in Botanico project and owner's share of unit in Capella Project, in Bangalore Rural, Karnataka. The total consideration paid to acquire owner's shares in the two projects is Rs 250 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)