Puravankara to invest 480 cr in Pune project

South India-based developer Puravankara Projects is planning to invest Rs 480 crore to develop a 20-acre residential project — Purva Silversands — at Mundhwa in Pune. According to group spokesperson the project is expected to have potential of 1.5 million sq ft saleable space and revenue is estimated to be around Rs 1,000 crore.

The project will offer 1 to 4 bedroom apartments with configurations of 600 sq ft to 2,000 sq ft size. The first phase will have total 1,473 residential apartments.

Kansai Nerolac completes 535 cr land sale deal      

Industrial paints maker Kansai Nerolac has completed sale of its land in Chennai to realty firm Brigade Properties for over Rs 535 crore.

The company sold land together with the buildings on it to Perungudi Real Estates Pvt Ltd., an SPV of Brigade Enterprises and Reco-Caspia, a GIC Singapore affiliate company for a consideration of Rs 537.86 crore, it added. — TNS