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Puravankara acquires land parcel in Bengaluru

09 Jan 2025 Evaluate

Puravankara has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. This acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, connectivity, and residential demand. The recently acquired land parcel in Vajrahalli, Kanakapura Road, spans an area of 3.63 acres, with a saleable area of 5.42 lakh sq ft and a total estimated Gross Development Value of Rs 700 plus crore.

The land parcel is in a prime location on Kanakapura Road and enjoys seamless road and metro connectivity to prominent parts of the city. It is located 1 km from Thalaghattapura Metro Station on the Green Line of Namma Metro. J.P. Nagar, a well-established residential and commercial hub, is about 7 km away. The area also boasts robust social and retail infrastructure. 

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.


Peers
Company Name CMP
Lodha Developers 1099.10
Prestige EstatesProj 1430.05
Dilip Buildcon 408.40
DLF 629.80
Oberoi Realty 1710.00
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