Puravankara in talks with global funds for Rs 3,000-crore investment platforms
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Synopsis
The Bengaluru-based company is in talks with Ascendas, GIC and Brookfield Properties among others for the proposed investment, two people close to the deal said.
Agencies
The deal will see Puravankara offering 2.5 million sq ft of office assets in Bengaluru and the funds will be used by the builder to finance its ongoing housing projects and for commercial portfolio expansion
Real estate company
Puravankara is in talks with global institutional investors to form two separate investment platforms with a combined corpus of Rs 3,000 crore by leveraging some of its assets to fund its future expansion plans.