Puravankara and Purva Real Estate Fund Purchase More Than 100 Acres of Land at Guduvanchery in Chennai

Bangalore based Real estate company Puravankara & Purva Real Estate Fund has bought more than 100 acres of land for Rs 200 crore in Chennai.

The planned property is situated in Guduvanchery, an emerging real estate region in Chennai that provides quick access to the city's existing technological centres.

On the basis of volume and end-user demand, the projected development offers a total revenue potential of about Rs 900 crore. By March 2023, Puravankara wants to introduce three further projected development projects.

More than 100 Acres of Land Acquired by Puravankara & Purva Real Estate Fund in Guduvanchery, Chennai.

Purva Real Estate Fund is the first category-II Alternative Investment Fund (AIF) of the business to raise capital. The company's Puravankara and Provident brands have 12.36% million square feet of projects under development at present.