Puravankara Projects
Ashish Puravankara
Joint MD
Puravankara Projects Ltd

Puravankara Projects Ltd, a leading real estate company, has entered into a landmark joint venture deal of approximately 30 acres of prime residential land in Mundhwa, east Pune, Maharashtra

This joint venture arrangement, which was structured by JLL India’s Capital Markets division, will yield an expected 2 million sq. ft of prime residential space.

Ashish Puravankara, Joint Managing Director, Puravankara Projects Ltd, said, “We are excited about this joint venture in Pune, as this would mark our foray into the west Indian market. Pune offers great potential with its changing demographics and significant demand in real estate, across segments.”

From a residential real estate viewpoint, Mundhwa is now the location of choice for infotech employees from Pune’s Magarpatta, Kharadi and Kalyaninagar IT hubs. Adding to the strategic value of this micro-market are major malls.

Puravankara Projects Ltd has a significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Sri Lanka. The company has 25.52 million sq. ft of projects under development with additional 79.83 million sq. ft in projected development over the next seven to 10 years.

Photos: Puravankara Projects Ltd

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