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Bengaluru-Based Puravankara Sells Land In Hyderabad For Rs 475 Crore
Puravankara sells 19-acre land parcel in Hyderabad to pharma firm Hetero Puravankara had bought the land in 2007-08 for Rs 403 crore Proceeds to be largely utilized to cut debt, says Bengaluru-based company
28 Mar 2017, 05:54 PM IST 
Puravankara Ltd has presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Mumbai and Pune
New Delhi: Realty firm Puravankara Ltd has sold a 19-acre land parcel in Hyderabad for Rs 475 crore to pharmaceuticals company Hetero group as part of its strategy to monetise assets and cut debt. Bengaluru-based real estate developer Puravankara Ltd had bought this land way back in 2007-08 for Rs 403 crore. "We have completed the exit of investment in 19.19 acre of land asset held in our wholly owned subsidiaries for Rs 475 crore. T...
