Puravankara Acquires 3.63-Acre Land for Rs 700 Cr Housing Project in Bengaluru
Bengaluru-based real estate giant, Puravankara Ltd, has recently secured a 3.63-acre land parcel in the bustling city of Bengaluru. This strategic acquisition is aimed at developing a high-end housing project worth Rs 700 crore, further solidifying the co
Real EstatePuravankaraBengaluruHousing ProjectLand AcquisitionReal EstateJan 09, 2025
This significant land acquisition is part of the company's ambitious plan to develop a high-end housing project estimated to be worth Rs 700 crore.
The project is expected to enhance Puravankara’s presence in one of the fastest-growing real estate markets in India.
Puravankara, known for its innovative and premium residential projects, has been a key player in the Bengaluru real estate sector for over two decades.
The company's commitment to quality and customer satisfaction has earned it a strong reputation in the industry.
The 3.63-acre land parcel, strategically located in a prime area of Bengaluru, is set to be transformed into a state-of-the-art residential complex.
The project will feature a mix of apartments and villas, designed to cater to the luxury and modern lifestyle preferences of Bengaluru’s residents.
The development will include amenities such as landscaped gardens, swimming pools, fitness centers, and children’s play areas, ensuring a high standard of living for its residents.
According to a company statement, the project is expected to be completed within the next three to four years.
The acquisition and development of this land are part of Puravankara’s broader strategy to expand its portfolio and meet the growing demand for luxury housing in Bengaluru.
Bengaluru, often referred to as the 'Silicon Valley of India,' has witnessed a significant rise in real estate activity over the past few years.
The city’s rapid urbanization, coupled with a strong IT and startup ecosystem, has attracted a large number of professionals and families looking for high-quality living spaces.
Puravankara’s new project is poised to address this demand while setting new benchmarks in the real estate sector.
The company has a reputation for delivering projects on time and exceeding customer expectations.
With this new acquisition, Puravankara aims to continue its tradition of excellence and innovation in the real estate market.
Puravankara Ltd is a Bengaluru-based real estate developer with a rich history of delivering premium residential and commercial projects.
Founded in 1994, the company has grown to become one of the leading players in the Indian real estate market.
Puravankara is known for its customer-centric approach, sustainable practices, and commitment to creating timeless living spaces.
Frequently Asked Questions
What is the total value of the new housing project by Puravankara in Bengaluru?
The new housing project by Puravankara in Bengaluru is estimated to be worth Rs 700 crore.
How much land has Puravankara acquired for the new project?
Puravankara has acquired a 3.63-acre land parcel for the new project in Bengaluru.
Where is the land parcel located?
The land parcel is strategically located in a prime area of Bengaluru.
What amenities will the new housing project include?
The new housing project will include amenities such as landscaped gardens, swimming pools, fitness centers, and children’s play areas.
When is the project expected to be completed?
The project is expected to be completed within the next three to four years.
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