India, May 25 -- Puravankara Limited has acquired a 14.57-acre land parcel in the Mandur-Budigere area of Bengaluru, with an estimated gross development value (GDV) of around ?2,300 crore.
The project will have a total saleable area of nearly 1.8 million square feet. Of the total land parcel, 7.92 acres has been secured through a joint development agreement (JDA), while the remaining 6.65 acres has been acquired outright by the company.
Commenting on the development, Ashish Puravankara said the acquisition aligns with the company's strategy of steadily expanding its pipeline through high-quality projects across key micro-markets. He added that the latest transaction has increased the company's developable land bank in Bengaluru to 25.61 m...