Piramal Enterprises, a flagship of the Piramal Group, has made a substantial investment exceeding Rs 500 crore in various projects by Bengaluru-based real estate giant Puravankara Group.
This strategic collaboration, encompasses a diverse portfolio of projects ranging from commercial to residential developments. Notable among these projects is the development of commercial properties spanning an impressive 800,000 square feet along Kanakapura Road in Bengaluru. Among the key ventures is the development of IVC villaments in Bengaluru. Additionally, the investment extends to residential properties spanning 1.5 million square feet in Goa, further diversifying the real estate portfolio.
Puravankara Group, renowned for its three distinct brands – Purva, Provident Housing, and Purva Land – caters comprehensively to the spectrum of housing and plotted development. With a substantial land bank exceeding 41 million square feet and projects totaling 29 million square feet, the company has left an indelible mark on the real estate landscape. Its extensive portfolio spans across major cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Goa, among others, with over 80 completed projects to its credit as of September.
