Puravankara Ltd Expects Rs 1,100 Cr Revenue From 8-Acre Housing Project in Bengaluru

New Delhi: Realty firm Puravankara Ltd will develop a housing project in Bengaluru with an estimated revenue of Rs 1,100 crore.

In a regultory filing on Tuesday, the company said it has entered into a Joint Development Agreement (JDA) for a 7.83-acre land parcel in south-east Bengaluru.

The company expects Rs 1,100 crore revenue from this upcoming project, which has a saleable area of 0.89 million sq ft.

Puravankara has completed 97 projects so far totalling 59 million sq ft across nine cities- Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

The company’s total land bank is 40 million sq ft, and ongoing projects add up to 35.14 million sq ft.

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