In a bid to expand its portfolio in the commercial realty space, the Bengaluru-based realty developer Puravankara has planned to strengthen its existing commercial portfolio by adding 10 million sq.ft to commercial and retail operations over a period of time. To support this development, Puravankara has already acquired land parcels in Bangalore Mumbai, Pune and Hyderabad, said MD of Puravankara, adding that the upcoming projects will be a mix of standalone and jointly developed ventures. As of now, the company has three commercial projects in Bangalore – Purva Premier, Purva Mall and Purva Gainz and one each in Chennai and Hyderabad, Purva Primus, and Purva Summit, respectively, totaling 1.3 million sq.ft. In addition to these, the company is also coming up with four projects in Bangalore at Yeshwanthpur, Kanakapura Road, Old Madras Road, Kadiganahalli and four in Pune at Kondhwa, Wagholi, Hinjewadi, Mundhwa. It also has a few more projects that are in final stages of acquisition totaling to nearly 10 million sq.ft of development in the next five years.
