Keppel Land to co-develop commercial project in Bangalore

Singapore

KEPPEL Corporation's property arm Keppel Land has entered into a joint venture with Indian property developer Puravankara Limited to buy a 3.09 hectare site in Bangalore and develop Keppel's first commercial development in India, the group announced on Monday.

The two have entered into agreements through Keppel Puravankara Development (KPDL) to acquire the prime site in Yeshwantpur, Bangalore, from Metro Cash and Carry India Private Limited (MCCIN) for about 4.05 billion rupees (S$81 million).