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Bengaluru-Based Puravankara Sells Land In Hyderabad For Rs. 475 Crore

Bengaluru-Based Puravankara Sells Land In Hyderabad For Rs. 475 Crore

Wednesday, March 29, 2017, 9:33 AM

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. Proceeds to be largely utilized to cut debt, says Bengaluru-based company.
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