NEW DELHI: Puravankara has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of around ₹2,300 crore.
Of this, 7.92 acres are under a joint development agreement (JDA), while 6.65 acres were directly purchased by the company. The total saleable area for the project is expected to be approximately 1.8 million sq ft.
Ashish Puravankara, Managing Director of the company, stated, “With this latest acquisition, our total land bank in Bengaluru now stands at 25.61 million sq ft.”
The company’s development pipeline boasts a cumulative estimated GDV of approximately ₹10,400 crore.
