SINGAPORE (Oct 1): Keppel Land, the property arm of Keppel Corporation, is developing its first commercial property in India through a joint venture.

Subsidiary Keppel Puravankara Development (KPDL), a joint venture company with an Indian property developer, Puravankara, entered into agreements to acquire a prime 3.09ha site from Metro Cash & Carry India.

Located in the prime commercial hub of Yeshwantpur, the site is 5 km northwest of Bangalore’s city centre. The site enjoys excellent accessibility to other parts of the city and other business districts via key transport routes, such as Bangalore’s local mass rapid transit system.

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