Puravankara Projects’ board has passed an enabling resolution to exit its Rs 403 crore investment at Raidurg Panamaktha Village. This will involve the sale of all shares held in three wholly owned subsidiaries. The company had bought the land in 2007 through open auction from APIIC. It had wanted to exit from the project in the last few years.
Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.