NEW DELHI: Puravankara has acquired 7.26-acre land parcel in Hebbagodi, Bengaluru. The saleable space of the venture can be round 7.5 lakh sq ft, with a possible gross growth worth (GDV) of over Rs 900 crore.

The corporate just lately introduced the acquisition of a 12.75-acre land parcel in Thane’s Ghodbunder Street and Lokhandwala in Mumbai, with a possible whole GDV of Rs. 5,500 crore over the venture lifecycle.

In a separate regulatory submitting, the corporate knowledgeable that its wholly-owned subsidiary Provident Housing has bought proprietor’s shares of land in Provident Botanico and proprietor’s share of unit in Provident Capella for Rs 165 crore and Rs 86 crore respectively.

“With the acquisition of landowner share of 820,661 sq ft in Provident Adora De Goa, Provident Botanico and Provident Capella, together with the 7.26 acres of land in Hebbagodi, the group has added a possible whole GDV of Rs. 1,550 crore along with the current acquisitions in Mumbai,” mentioned Ashish Puravankara, managing director of the corporate.

The potential gross growth worth of Provident Botanico is Rs 350 crore whereas Provident Capella’s GDV is Rs 134 crore.

“Within the earlier monetary 12 months, we offered round 7.35 million sq ft. With deliberate launches of round 14 million sq ft for FY25 from our present land financial institution, our focus shall proceed to be on enterprise growth to replenish our land financial institution, holding in thoughts the long run progress plans of the group,” he added.