Puravankara Limited — Others, 09-05-2025: Resignation

Puravankara Group has formed a joint venture to develop a 24.59-acre land parcel in North Bengaluru with a Gross Development Value exceeding INR 3,300 Cr and a saleable area of about 3.48 million sq. ft. The project targets strong market demand and benefits from proximity to key infrastructure. The company appointed Mr. Mallanna Sasalu, with over 32 years of real estate experience, as CEO-South, while Executive Director and Group CEO Mr. Abhishek Kapoor has resigned immediately. This indicates strategic growth plans alongside leadership changes.