Puravankara Limited Company Purchased 12.75 Acres of Land in Thane.

Introduction

Puravankara Limited is one of India’s most trusted real estate developers. Then, it announced the acquisition of 12.75 acres of land at Patlipada on Ghodbunder Road, Thane. by its wholly owned subsidiary Purva Oak Private Limited. Openplot gives total information.

Table of Contents

• Stable and Dynamic Real Estate Market: Ashish Puravankara
• Puravankara Group: Redevelopment of Two Housing Societies
• Launching the Project in Festive Season: CEO of Puravankara Limited
• Frequently Asked Questions

The land has an estimated potential carpet area of 18.20 lakh square feet and a potential Gross Development Value (GDV) of Rs 4,000 crores over the project lifecycle. The project is expecting to include residential, commercial, and recreational spaces catering to a diverse range of needs within the community. It has its prime location and has an impressive scale. The development is poised to become a landmark in the region.

Stable and Dynamic Real Estate Market: Ashish Puravankara

Commenting on the Puravankara development, Ashish Puravankara, Managing Director of Puravankara Limited, said, “We are delighted to announce the acquisition of a prime 12.75 acres of land in Thane. Further strengthening our commitment to MMR’s stable and dynamic real estate market. This acquisition will enable us to expand our presence in India’s most promising real estate markets and offer innovative, high-quality residential spaces to our customers.

We are excited about the opportunities this new project presents to our portfolio and look forward to delivering exceptional value to our shareholders. Our team is dedicated to creating sustainable. The environmentally friendly developments that meet the evolving needs of our customers. With this new acquisition.

Puravankara Group: Redevelopment of Two Housing Societies

We aim to continue our legacy of delivering homes that exceed expectations while enhancing the quality of life of our residents. Our recent announcements about redevelopment projects at Pali Hill and Lokhandwala in Thane. We have adding a GDV of over 7,500 crores. We believe these acquisitions will further strengthen our presence in the market and contribute significantly to our growth trajectory,” said Ashish.

In November 2023, Puravankara secured rights to undertake the redevelopment of two housing societies spanning 3 acres in the Lokhandwala area of Andheri West. The project is expected to include modern amenities and green spaces, catering to the growing demand for upscale housing in the area.

The project has a development potential of 5.8 lakh sq ft carpet area and a potential GDV of Rs 1,500 crores. Puravankara’s track record of delivering high-quality projects on time. Within budget gives potential buyers and investors’ confidence in the development, with a strong reputation in the real estate industry. Puravankara is well-position to attract interest from both end-users and investors.

Launching the Project in Festive Season: CEO of Puravankara Limited

“We are looking forward to launching this project during the festive season of this financial year with the aim of developing the best project in Thane. Our team is dedicated to ensuring that every aspect of the project is executed flawlessly, from design to implementation. We are confident that our hard work and attention to detail will result in a successful. The impactful project for the community of Thane,” said Rajat Rastogi, CEO of Puravankara Limited West & Commercial Assets.

The acquisition of a land parcel in Thane is the third major announcement from Puravankara in the last seven months. We will build a high-end, mixed-use residential project with a GDV of Rs 4,000 crore. This strategic move aligns with our vision of expanding our presence in key real estate markets across India. The project will feature premium amenities and cutting-edge design to cater to the discerning needs of homebuyers in Thane.

Conclusion

In conclusion, Puravankara Limited Company purchased 12.75 acres of land in Thane. To meet the growing demand for housing in the area. The company plans to develop a residential project on the newly acquired land. This strategic investment is expecting to strengthen further Puravankara Limited’s presence in the real estate market. Puravankara Group’s new project will be launch the during upcoming festive season, said the company’s CEO.

Frequently Asked Questions