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Puravankara Projects sells 18 acre plot to Godrej Properties worth Rs 140 crore

BENGALURU: Real estate developer Puravankara ProjectsBSE -1.39 % has sold an 18 acre land parcel off Kanakpura Road in Bengaluru for Rs 140 crore to Godrej PropertiesBSE -0.06 % and Dutch pension services provider APG. 

“Puravankara has 40 acres of land within a radius of six kilometres and this was part of the surplus land that the company monetised,” said an executive with knowledge of the matter. 

The Bengaluru-based developer plans to use the money for retiring the debt o .. 

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