The Bengaluru -based company is in talks with Ascends, GIC, and Brookfield Properties among others on a fixed price said two people close to the deal.

Puravankara trading company is in talks with an international company to expand two forms of investment and copies worth Rs 3,000 through its assets to support future expansion plans.

The Bengaluru -based company is in talks with Ascends, GIC, and Brookfield Properties among others on a fixed price said two people close to the deal.

The agreement will enable Puravankara to provide 2.5 billion office buildings in Bangalore and the money will be used by developers to support ongoing housing projects and in expanding commercial activities.

“We are at the forefront of discussions with some organizations on this commercial initiative as well as our vision for space expansion,” Puravankara said in an email. “Now, all these negotiations have just begun and have not been stopped.”

Brookfield, GIC, and Ascends did not respond to emails during a press conference on Thursday.

Puravankara said it was expanding its operations in the current market segment.

One of the developers mentioned above said that the developer “plans to double its sales capacity to 10 million square feet over the next five years”.

The real estate market in India is expected to continue to get more appreciation from vendors from international organizations such as GIC, Ascends, Blackstone, and CPPIB.

The unit saw two major developments last year – Blackstone Group acquired more than $ 28 million from Prestige Estates for $ 1.2 billion, and Brookfield Group bought 12.5 million square feet of office space, RMZ Corp. as well as equipment for $ 2 billion.

Puravankara has just taken advantage of this event to promote his work. It plans to announce 5.5-square-meter plans in Bangladesh, Coimbatore, and Chennai, in addition to Pune, Hyderabad, and Mumbai and its partners in Purva.

The company has completed and delivered projects covering 40 million square feet and 21 million square feet in development for housing and retail.

Puravankara saw a 40 -year decline in sales for the quarter, with houses and apartments reflecting the green buds of land reform.

Translate »