For consideration of Rs 405 crore
Puravankar announced that its associate company, Keppel Puravankara Development (KPDL) (a joint venture of Puravankara and Singapore based Keppel Land), has entered into agreements to acquire a prime 7.635 acres site in Yeshwantpur, Bangalore, from Metro Cash & Carry India (MCCIN). The total consideration is approximately Rs 405.00 crore.The total consideration includes the cost of approximately Rs 80 crore for KDPL to construct a 160,000 sf. ft. retail-cum-office facility on the land, which will be handed over to MCCIN. The Grade A office development will be managed by KPDL upon completion.
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