Puravankara Limited (PURVA) 24 days ago
Puravankara Group Update
- Key Highlights:
- Joint venture with KVN Property Holdings LLP for a 24.59-acre land parcel in North Bengaluru
- Estimated GDV of over ₹3,300 crores and 3.48 million sq. ft. saleable area
- Project expected to launch in six months
- Strong market demand and proximity to Kempegowda International Airport
- Leadership Change:
- Mr. Mallanna Sasalu appointed as CEO, Puravankara Ltd – South
- Mr. Sasalu has 32 years of experience in engineering, architecture, and real estate development
- Mr. Abhishek Kapoor resigns as CEO and Executive Director
What This Means for You:
- The joint venture and project launch are positive signs of growth and potential returns.
- The leadership change may raise concerns about stability and continuity.
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