Joint development deal for prime Pune residential project

November 26, 2014 06:36 pm | Updated 06:36 pm IST - MUMBAI

In a landmark joint development deal, Bangalore-based Puravankara Projects, Pune-based Oxford Group and Mumbai-based Ekta World, will jointly develop close to 30 acres of prime residential land in Mundhwa, Pune.

The joint venture arrangement was structured by property consultancy JLL India, which in a statement said the deal would yield an expected 2 million square feet of prime residential space.

Mundhwa is now a location of choice for infotech employees from Pune’s IT hubs. The project also marks the entry of Puravankara Projects, a South India based developer into the western Indian market.

“In this joint venture, which brings into play the combined capabilities and expertise of three highly reputed real estate developers, the limelight falls squarely on one of Pune’s hottest real estate locations,’’ Anuj Puri, Chairman & Country Head, JLL India said in a statement.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.