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.