Keppel Land has entered into a joint-venture to develop a 9.68-ha
site in Bangalore, India, into a high-rise condominium development
called Elita Promenade.
Land will have a 51% interest in this project, while JV partner
Puravankara Projects Limited, a leading residential developer
in Bangalore, will hold the remaining 49%.
in south of Bangalore's city centre, in the established middle-class
residential district of JP Nagar, the site is situated in a locality
popular for IT campuses, with easy access to the city’s
outer ring road. It also has a frontage of about 250 m to the
proposed project will be a high-rise condominium development with
comprehensive recreational facilities such as a swimming pool,
a clubhouse and a gymnasium in lush landscaped grounds.
be developed in phases over four to five years, the site is expected
to yield 1,572 units comprising mostly two- and three-bedroom
apartments with unit saleable area ranging from 1,100 to 1,500
sf targeted at the middle-income homebuyers.