Puravankara Limited — Important, 09-05-2025: General Updates

Puravankara has formed a JV to develop a 24.59-acre project in North Bengaluru with a GDV over ₹3,300 Cr and ~3.48 million sq.ft saleable area, aiming for launch within six months. The location leverages proximity to Kempegowda Airport and emerging infrastructure hubs. Executive Director & Group CEO Abhishek Kapoor has resigned, with Mallanna Sasalu appointed as CEO-South. Sasalu brings 32+ years of real estate experience, notably scaling Provident Housing Ltd.