Puravankara Group to jointly develop 24.59-acre land in Bengaluru, ET RealEstate
NEW DELHI: Puravankara Group in a joint venture with KVN Property Holdings LLP plans to develop a 24.59-acre land parcel in North Bengaluru.
The project’s estimated gross development value (GDV) is in excess of ₹3,300 crore.
The land parcel has a total saleable area of approximately 3.48 million sq ft and the project is expected to be launched in the next six months.
Separately, the company informed that Abhishek Kapoor has resigned from the position of CEO and executive director. Mallanna Sasalu has been appointed as CEO, Puravankara – South.
Venkat K Narayana, promoter, KVN Properties said, “as an integrated land aggregation platform, our core strength lies in identifying and consolidating strategic land parcels across high-growth corridors.”
KVN Properties is an integrated land aggregation platform. It aims to make 10 million sq ft of area available for development by FY26.
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