Bengaluru, 09 January 2025: Puravankara Restricted (NSE: PURVA | BSE: 532891), one in all Bharat’s maximum relied on and admired actual property builders, has bought a three.63-acre land parcel in Kanakapura Highway, Bengaluru. This acquisition aligns with the corporate’s strategic sight to make bigger its footprint in key Bengaluru micro-markets with tough infrastructure, connectivity, and home call for.
The lately bought land parcel in Vajrahalli, Kanakapura Highway, spans an branch of three.63 acres, with a saleable branch of five.42 lakh sq feet and a complete estimated Rude Building Price of Rs 700+ crore.
Commenting at the acquisition, Ashish Puravankara, Managing Director, Puravankara Restricted, mentioned: “We are excited to announce the acquisition of this land parcel at a prime location on Kanakapura Road, Bengaluru. This strategically located land parcel is in a micro-market with buoyant demand and low availability of land for development. Given its excellent connectivity and well-established infrastructure, it has significant potential for premium residential development. Our focus will continue to be on business development to replenish our land bank in such strategic locations with favourable demand-supply conditions.”
The land parcel is in a first-rate location on Kanakapura Highway and enjoys seamless highway and metro connectivity to portions of town. It’s positioned 1 km from Thalaghattapura Metro Station at the Inexperienced Form of Namma Metro. J.P. Nagar, a well-established residential and industrial hub, is set 7 km away. The branch additionally boasts tough social and retail infrastructure.
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