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Puravankara acquires 3.63-acre land parcel, expands in Bengaluru

Thursday, 09 Jan 2025
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Puravankara, a leading real estate developer, has acquired a 3.63-acre land parcel in Vajrahalli, Kanakapura Road, Bengaluru. This strategic acquisition underscores the company’s intent to expand its footprint in high-demand micro-markets within the city. The acquired plot boasts a saleable area of 5.42 lakh sq. ft. and an estimated gross development value exceeding Rs 700 crore.

Situated in a prime location, the land parcel benefits from exceptional connectivity and robust infrastructure. It is located just one km from the Thalaghattapura Metro Station on the Green Line of Namma Metro, ensuring seamless access to key city areas. Additionally, the site is approx. seven km from J.P. Nagar, a major residential and commercial hub. The surrounding area is well-equipped with extensive social and retail amenities, further enhancing its appeal for residential development.

This acquisition aligns with Puravankara's strategy to cater to Bengaluru’s growing demand for quality housing in well-connected and infrastructure-rich locations. The project’s proximity to established neighbourhoods and metro connectivity is expected to bolster its potential for significant market interest. As Puravankara continues its focus on high-growth areas, this project is poised to be a valuable addition to its portfolio, reinforcing its commitment to delivering premium living spaces in thriving urban environments.

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