Realty firm Puravankara Ltd will develop a housing project in Bengaluru with an estimated revenue of Rs 1,100 crore.In a regultory filing on Tuesday, the company said it has entered into a Joint Development Agreement (JDA) for a 7.83-acre land parcel in south-east Bengaluru.The company expects Rs 1,100 crore revenue from this upcoming project, which has a saleable area of 0.89 million sq ft.Puravankara has completed 97 projects so far totalling 59 million sq ft across nine cities- Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.The company's total land bank is 40 million sq ft, and ongoing projects add up to 35.14 million sq ft.
Puravankara Ltd expects Rs 1,100 cr revenue from 8-acre housing project in Bengaluru
Puravankara Ltd is set to embark on a new housing venture in Bengaluru, projected to yield an impressive Rs 1,100 crore in revenue. The company has secured a Joint Development Agreement for a prime 7.83-acre site, which will feature a saleable area of approximately 0.89 million square feet. With a robust portfolio of land holdings and ongoing projects nationwide, Puravankara continues to strengthen its position in the real estate market.
107 words~1 min read
