Puravankara acquires land in Bengaluru with Rs 9 billion GDV

03 Jul 2024 CW Team

Puravankara has acquired a 7.26-acre plot of land in Hebbagodi, Bengaluru, where the project's saleable area will encompass approximately 7.5 lakh sq ft. This development carries a potential gross development value (GDV) exceeding Rs 9 billion. Additionally, the company recently announced the acquisition of a 12.75-acre land parcel in Thane?s Ghodbunder Road and Lokhandwala in Mumbai, with an overall potential GDV projected to reach Rs 55 billion over the project's lifecycle. In a separate regulatory filing, Puravankara informed that its wholly-owned subsidiary, Provident Housing, has purchased owner?s shares of land in Provident Botanico and owner's shares of a unit in Provident Capella for Rs 1.65 billion and Rs 0.86 billion, respectively. Ashish Puravankara, managing director of the company, noted, "With the acquisition of landowner shares in Provident Adora De Goa, Provident Botanico, and Provident Capella, alongside the Hebbagodi acquisition, the group has added a potential total GDV of Rs 15.5 billion, in addition to recent Mumbai acquisitions." Provident Botanico is projected to have a GDV of Rs 3.5 billion, while Provident Capella's GDV is estimated at Rs 1.34 billion. Puravankara highlighted that in the previous financial year, they sold approximately 7.35 million sq ft, and they plan to launch around 14 million sq ft in FY25 from their existing land bank. The company remains focused on business development to augment their land holdings, aligning with the group's future growth strategies.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..