Puravankara eyes bigger share from commercial properties in 4-5 years

It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai and Pune, is aiming at 8.5 mn sq ft in next 3-4 years

Bengaluru-based property developer Puravankara, predominantly a residential developer currently, expects a fifth of its portfolio consisting of commercial properties the next four to five years. It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai, and Pune. In the next 3-4 years, the company is  planning to develop a portfolio of commercial properties of 8.5 million sq ft.

Of which, the company is looking to launch two commercial property projects this financial year in Bangalore , he said , adding that both will have an area of about 3 million square feet.

The company's plans come at