Strategic Property Sale in Chennai

PVP Ventures has successfully divested its prime 90-ground property, situated in the heart of Vadapalani, Chennai, to the esteemed SRM education group for a substantial sum of Rs 140 crore. This sprawling property, boasting a built-up area of 3 lakh square feet, presents immense potential for the new owner.

SRM University's Expansion Plans

SRM University, renowned for its academic excellence, has outlined ambitious plans for the acquired office space. Notably, the institution is in the process of establishing a dedicated admissions office within the premises, underscoring its commitment to enhancing the student experience.

PVP Ventures' Portfolio Optimization

This transaction marks the latest in a series of strategic property sales by PVP Ventures. Following the recent sale of its theatre complex in Chennai's suburbs and a hotel property in Ooty, the company is methodically streamlining its asset portfolio. This deliberate move is aimed at concentrating resources on its core competencies in urban infrastructure development and power generation, signifying a focused approach towards sustained growth.

[Image: Hotel a Isla Grande (Courtesy: Seracat, Flickr)]