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Puravankara enters plotted development business; to launch six projects at Rs 825 crore

In an interview with PTI, Bengaluru-based Puravankara Ltd Managing Director Ashish R Puravankara said the company has created a separate brand and team ''Purva Land'' to enter into plotted development segment.

 
 
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Realty firm Puravankara Ltd has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore, as it seeks to tap the rising demand of plots.

In an interview with PTI, Bengaluru-based Puravankara Ltd Managing Director Ashish R Puravankara said the company has created a separate brand and team ''Purva Land'' to enter into plotted development segment.

To begin with, the company, a leading real estate firm in South and West India, will launch around 5.5 million sq ft area across six projects in Bengaluru, Chennai and Coimbatore where it will offer plots.

"We have created a new brand called ''Purva Land'', which will focus on plotted development in the micro-markets where we have a presence," Ashish said.