Puravankara sells 19 acre land in Hyderabad for Rs 475 cr

Realty firm Puravankara has sold a 19 acre land parcel in Hyderabad for Rs 475 crore to pharma company Hetero group as part of strategy to monetise assets and cut debt.

Bengaluru-based developer had bought this land way back in 2007-08 for Rs 403 crore.

"We have completed the exit of investment in 19.19 acre of land asset held in our wholly owned subsidiaries for Rs 475 crore. This is in line with the company's strategy to monetise assets," Puravankara Ltd MD Ashish Puravankara told

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