Puravankara Ltd acquires 12.75 acres of land in Thane for a Rs 4,000 crore mixed-use residential project, adding to its Mumbai Metropolitan Region portfolio.

Bengaluru-based real estate firm Puravankara Ltd has acquired 12.75 acres of land in Thane, near Mumbai, for a high-end, mixed-use residential project with a potential gross development value (GDV) of Rs 4,000 crore. The acquisition adds to the company's ongoing redevelopment projects in Pali Hill and Lokhandwala, contributing a total of Rs 7,500 crore GDV to its Mumbai Metropolitan Region (MMR) portfolio. The new project is expected to be launched during the upcoming festive season.

June 01, 2024
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