India, May 10 -- Bengaluru-based listed real estate developer Puravankara Group has announced a joint venture to develop a 24.59-acre land parcel in North Bengaluru. According to a statement issued by the company, the project has an estimated gross development value of Rs.3,300 crore.

"This joint venture with KVN Property Holdings LLP marks another milestone in the group's expansion in one of the city's fastest-growing real estate corridors," the company said in the statement.

According to the company, the land parcel has a total saleable area of approximately 3.48 million sq ft, and the project is expected to be launched in the next six months.

The company said the project benefits from strong market demand, proximity to Kempegowda In...