Puravankara is planning to develop around 10 commercial projects in Bengaluru, Mumbai, Pune and Hyderabad in the next five years, as part of its strategy to diversify portfolio and encash rising demand of office and retail space.
The company is coming up with four projects each in Bengaluru and Pune, while few more projects are in final stages of acquisition totalling to about 10 million sq ft of development in the coming five years.
The company has already acquired strategic land parcels in Bengaluru, Mumbai, Pune and Hyderabad to develop commercial projects. It will sell as well as give on lease commercial space. Out of the total 10 million sq ft planned development, 80 percent would be office space.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
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