Puravankara Acquires 3.63-Acre Land In Bengaluru
Puravankara has acquired a 3.63-acre land parcel in Vajrahalli, Kanakapura Road, Bengaluru. The land parcel has a saleable area of 5.42 lakh sq ft and a total estimated gross development value of over Rs 7 billion. Ashish Puravankara, managing director of the company said, "Our focus will continue to be on business development to replenish our land bank in such strategic locations with favourable demand-supply conditions." The company recently appointed Deepak Rastogi as the group chief financial officer (CFO) and elevated Neeraj Gautam, who has been serving as the president-finance, to the post of deputy CFO.
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The newly acquired land has a development potential of 2 million square feet in phase 1.
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