Keppel-Puravankara Development acquires Metro Cash & Carry India's land for Rs 405 cr

In one of the largest commercial land deal in Bangalore, Keppel Puravankara Development Private Limited (KPDL) has acquired a 7.6 acres land in Yeshwantpur from Metro Cash & Carry India, for RS 405 crore. KPDL is an associate of Bangalore headquartered and Singapore based Keppel Land, one of Asia’s premier property companies. Ashish R. Puravankara, managing director, Puravankara said, “Over the last couple of years, there has been a conscious effort to diversify Puravankara’s existing commercial portfolio. The timing of the project could not be better, seeing as the demand for office and retail space, is on an upward trajectory and yielding good returns, especially in Bangalore. The Grade A office development will be managed by KPDL upon completion.