Puravankara Limited, a Bengaluru-based real estate firm, recently acquired 12.75 Acres of land in Mumbai’s Thane. Located in Patlipada, on Ghodbunder Road, this land will be used for developing a high-end, mixed-use residential project.
The project will have a development area of approximately 18.20 Lakh-SqFt, with a Gross Development Value (GDV) of an estimated INR 4,000 Crore. The land was acquired by Puravankara’s wholly-owned subsidiary company, Purva Oak Pvt Ltd.
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Puravankara’s commitment to the Mumbai Metropolitan Region (MMR) continues with this acquisition, and they plan to launch the housing project during the festive season. According to Ashish Puravankara, Managing Director of Puravankara Limited, this acquisition adds to their MMR portfolio, which now exceeds INR 7,500 Crore in GDV across three acquisitions.
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