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The Top 50 Real State & Infra Company- RANK 14, Puravankara Ltd, Ashish Puravankara, MD

Cover Story

Marking the developer’s return to the financial capital that it left over three decades ago, Bengaluru-based Puravankara Ltd has purchased a two-acre plot at Chembur in suburban Mumbai for Rs 147 crore. Mumbai is one of the seven cities, including Chennai, Bengaluru and Pune, that Puravankara plans to focus on as part of its new growth strategy.
Its JV firm with Singapore-based Keppel Land will buy 7.6 acre of land in Bengaluru from Metro Cash & Carry India for Rs 405 crore. The land will be used for the development of commercial project, comprising 1.18 milion sq-ft of leasable area.
Puravankara Ltd is a leading real estate company in India, with presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. The company has close to 37 million sq-ft of projects which are delivered out of which 66 are residential and commercial projects. With 21 million sq-ft of projects which are under development, the total land assets of the company nears 72 million sq-ft.

Marking the developer’s return to the financial capital that it left over three decades ago, Bengaluru-based Puravankara Ltd has purchased a two-acre plot at Chembur in suburban Mumbai for Rs 147 crore.

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May 2020
11 May 2020