Puravankara Projects Signed JV Deal in Mundhwa Pune with Ekta World and Oxford group

Puravankara Projects Signed JV Deal in Mundhwa Pune with Ekta World and Oxford group

Puravankara Ventures Westward with Pune Residential Project. South Indian developer Puravankara Projects has partnered with Ekta World and Oxford Group for a new residential project in Mundhwa, Pune. Puravankara Projects Signed JV Deal in Mundhwa Pune with Ekta World and Oxford group on 30-acre land situated near Koregaon Park and IT hubs.

Project Details:

• Location: Mundhwa, Pune
• Land Area: 30 acres
• Joint Venture: Puravankara Projects (32% profit share) with Ekta World and Oxford Group (68% profit share)
• Project Size: Estimated 2 million sq ft of residential space
• Project Significance: First foray into western India for Puravankara Projects

Quotes:

• Ashish Puravankara, Joint MD, Puravankara Projects: “We are excited about this Joint venture in Pune… Pune offers great potential…”

Additional Information:

• Puravankara will be responsible for construction and execution of the project.
• The venture has initial approval for residential development.
• This land parcel is near another 43-acre plot co-owned by Ekta World and Oxford Group, where they have partnered with Godrej Properties on a separate project.
• Mundhwa is a growing property hotspot due to its proximity to Koregaon Park and IT hubs.

This joint venture marks a strategic move for Puravankara to expand into the western Indian market. The project is expected to benefit from Mundhwa’s growing appeal as a residential area.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in