Puravankara | Business Upturn

Puravankara reports Rs 3,547 crore sales in Q4FY26, marking 190% growth

Business Desk — Mon, 13 Apr 2026 07:57:02 +0000

Puravankara Limited, a leading real estate developer in India, has reported a significant increase in sales for the fourth quarter of the fiscal year 2026. The company achieved sales of ₹3,547 crores, marking a 190% increase compared to ₹1,225 crores in the same quarter last year. For the entire fiscal year 2026, Puravankara recorded total sales of ₹7,407 crores, reflecting a 55% growth from the previous fiscal year.

In addition to robust sales figures, Puravankara reported customer collections of ₹1,213 crores for Q4, a 36% increase from ₹892 crores in the corresponding period of the previous year. For the full fiscal year, collections stood at ₹4,258 crores, up 15% from ₹3,711 crores in FY25. The company handed over 1,301 homes totalling 1.67 million square feet during the quarter, bringing the cumulative handover for FY26 to 3,747 homes or 4.25 million square feet.

Ashish Puravankara, Managing Director of Puravankara Ltd., highlighted the company’s growth trajectory, noting the addition of 13.6 million square feet with an estimated Gross Development Value (GDV) of ₹15,200 crores. New projects were launched in Bengaluru, Mumbai, Kochi, and Pune, alongside new phases of existing projects, with a total saleable area of 6.39 million square feet.

Looking ahead, Puravankara plans to unveil 30 projects over the next 24 months, primarily across South India and Mumbai. This pipeline includes nearly 51.14 million square feet of developable area, with an estimated GDV of over ₹55,000 crores. Many of these projects are already in the approval stage, with some in the design stage set to be approved shortly.

The company achieved its highest-ever quarterly sales value of ₹3,547 crores for Q4FY26 and its highest-ever annual sales value of ₹7,407 crores in FY26. Customer collections from the real estate business increased to ₹4,258 crores in FY26, marking a 15% year-on-year increase. The average price realisation rose by 21% to ₹10,213 per square foot during FY26 from ₹8,436 per square foot in FY25.

Puravankara launched three new projects and new phases of existing projects in FY26, including Purva Silversky, Purva Northern Lights in Bengaluru, and Purva Estrella in Mumbai, contributing to its strong sales performance and a large pipeline of upcoming launches for FY27.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.

Puravankara unveils Rs 55,000 crore project portfolio for South India and Mumbai

Yash Agarwal — Wed, 25 Mar 2026 07:58:19 +0000

Puravankara Limited, a prominent real estate developer in India, has announced an ambitious plan to launch 30 projects across South India and Mumbai over the next 24 months. The projects will cover approximately 51.14 million square feet of developable area, with an estimated Gross Development Value (GDV) exceeding ₹55,000 crores. This strategic expansion underscores the company’s commitment to growth and its focus on high-quality, strategically located developments in key urban markets.

The company has already reported pre-sales of ₹3,859 crores and customer collections of ₹3,045 crores as of the first nine months of FY26, reflecting robust demand and strong operational momentum. The upcoming projects are expected to significantly contribute to economic activity, generating around 8 million man-days of direct employment annually and supporting over 250 ancillary industries linked to the real estate sector.

Ashish Puravankara, Managing Director of Puravankara Limited, emphasised the company’s foundation built on trust, transparency, and delivery excellence. He stated, “As we enter our next phase of growth, we are poised for the next leap, backed by stronger capabilities, a professional and well-governed organisation, and a high-quality project pipeline across Mumbai and South India.”

Mallanna Sasalu, CEO – South of Puravankara Limited, highlighted the company’s clear execution roadmap and its focus on creating integrated communities that cater to evolving customer needs. He added, “This scale of development will create livelihoods, support a wide ecosystem of industries, and contribute meaningfully to urban growth.”

In line with its sustainability commitments, Puravankara has pledged to plant 1 million trees by 2030 under the World Economic Forum’s 1t.org initiative. This initiative will be reinforced through the upcoming Puravankara 10k Run on 29 March 2026, during which 10,000 trees will be planted. The company is also focused on water conservation, green building practices, and environmentally responsible development across its projects.

Puravankara continues to deliver long-term value through high-quality developments, operational excellence, and a steadfast focus on sustainability and stakeholder trust.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Yash Agarwal and reviewed by Markets Desk before publication.

Puravankara launches Purva Panorama Tower D with Maha RERA registration

Business Desk — Wed, 18 Mar 2026 11:06:47 +0000

Puravankara Limited’s wholly owned subsidiary, Purva Oak Private Limited, has announced the launch of Tower D in its existing project ‘Purva Panorama’ in Thane, Maharashtra. The launch, scheduled for March 28, 2026, follows the receipt of a registration certificate from the Maharashtra Real Estate Regulatory Authority (Maha RERA).

The new residential tower, located at Sector No. 5, Kolshet, Thane, is part of Purva Panorama and is registered under the number PR1333032502912. The project is aimed at the domestic market, with no international launch planned.

The details of the project can be accessed on the Maha RERA website, providing transparency and regulatory compliance in line with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Puravankara subsidiary secures Rs 280.35 crore contract for VIT Vellore project

Business Desk — Tue, 17 Mar 2026 05:59:01 +0000

Starworth Infrastructure & Construction Limited, a wholly owned subsidiary of Puravankara, has secured a significant contract valued at ₹280.35 crore for a project at VIT Vellore.

The contract involves the construction of the Ruby Block (Academic Block) Phase – I at the VIT Vellore Campus. The project is set to be completed within 24 months and is structured as a domestic item rate contract. The awarding entity is the Vellore Institute of Technology. Notably, there is no involvement of related party transactions, and the promoter group does not have any interest in the awarding entity.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.

Puravankara launches Northern Lights project in Bengaluru on March 14, 2026

Business Desk — Fri, 13 Mar 2026 06:47:56 +0000

Puravankara Limited has announced the launch of its new residential project, Northern Lights by Puravankara KVN, in Bengaluru, set for March 14, 2026. The project has received the necessary registration from the Karnataka Real Estate Regulatory Authority (KRERA).

The Northern Lights project is divided into three phases, each with its own distinct registration number. Phase 1, Phase 2, and Phase 3 are all located at Plot No. R-12 of Hitech, Defense and Aerospace Park, Bengaluru, and are comprised in Sy No. Part of 417, 4 Bagalur Village, Jala Hobli, Bengaluru North Yelahanka Taluk, Bengaluru Urban District, Bengaluru North, Karnataka.

The project is categorised as residential and is aimed at the domestic market. Details of the registration can be found on the KRERA website. This development is part of Puravankara’s ongoing efforts to expand its footprint in the real estate sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Puravankara enters joint development for 4-acre landparcel on Bengaluru’s Hennur Road; Project GDV over Rs 1,300 crore

Aman Shukla — Mon, 09 Mar 2026 03:48:16 +0000

Puravankara Limited has announced a joint development agreement for a 4-acre land parcel on Hennur Road, further strengthening its presence in one of the city’s fast-growing residential corridors.

The proposed development is expected to generate a gross development value (GDV) of more than ₹1,300 crore, highlighting the company’s continued focus on expanding its residential portfolio in high-demand micro-markets across Bengaluru.

According to the company, the land parcel will offer a total saleable area of approximately 0.84 million square feet. The project forms part of Puravankara’s strategy to scale its footprint in Bengaluru through strategic land acquisitions and joint development opportunities.

Hennur Road has emerged as one of Bengaluru’s most sought-after residential destinations in recent years, supported by strong infrastructure development, seamless connectivity, and proximity to key employment hubs. The location provides easy access to several prominent tech parks, making it an attractive residential option for professionals working in the city’s thriving technology sector.

The area is also supported by well-developed social infrastructure, including schools, healthcare facilities, retail centres, and entertainment hubs. These factors continue to drive sustained housing demand in the corridor, making it a strategic location for large-scale residential developments.

Puravankara launches Purva Silversky in Bengaluru’s Electronic City

Aman Shukla — Thu, 19 Feb 2026 09:16:15 +0000

Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, has announced the launch of Purva Silversky, a premium residential project located in Hebbagodi, Electronic City, off Hosur Road in Bengaluru. The new development marks a significant addition to the company’s expanding portfolio in one of the city’s most established technology corridors.

Spread across approximately 6.99 acres, Purva Silversky comprises 356 exclusive residences across three iconic 32-storey towers. Designed as a low-density development, the project features only four residences per floor, ensuring enhanced privacy and spacious living. Nearly 88% of the project area is dedicated to open-to-sky spaces, offering residents a rare balance of high-rise living and expansive greenery.

The project enjoys a strategic location in Electronic City, a well-established IT and business hub in Bengaluru. Situated just about 900 metres from Huskur Metro Station, Purva Silversky provides seamless connectivity to major parts of the city. The development is also within a 10-minute radius of more than 15 IT parks, making it an attractive residential option for professionals working in and around the technology corridor. Its proximity to educational institutions, healthcare facilities, and retail destinations further enhances its appeal for families.

Purva Silversky offers expansive 3, 4 and 5 BHK residences, along with select larger-format homes. The unit sizes range from approximately 1,864 sq ft to over 5,300 sq ft, catering to buyers seeking spacious and thoughtfully designed living spaces. Each home is planned to maximise natural light, cross-ventilation, and functional efficiency. Premium finishes, private decks, and 270-degree open views are key highlights, delivering a sense of openness and visual expanse rarely found in urban developments.

The development places strong emphasis on holistic wellbeing and community living. A 17,700 sq ft clubhouse serves as a central lifestyle hub for residents, complemented by more than 45 curated amenities. These amenities are spread across a 1.7-acre elevated podium, creating a safe and vibrant recreational environment. Landscaped open spaces and a serene forest walkway featuring over 200 trees further reinforce the project’s focus on wellness and nature-inspired living.

Puravankara launches Provident Equinox Phase 5 residential project in Bengaluru

Aman Shukla — Tue, 27 Jan 2026 07:17:39 +0000

Puravankara Limited has announced the launch of a new residential phase under its affordable housing brand through its wholly owned subsidiary, Provident Housing Limited. The company has introduced Provident Equinox 5, marking Phase 5 of the already established Provident Equinox project in Bengaluru.

Provident Equinox 5 has been launched in the normal course of business and is located at Survey No. 1 to 3, 4(P), 5, 6, 7(P), 8(P) and 9 to 26 of Venkatapura Village, Kengeri Hobli, Bangalore South Taluk, Bengaluru Urban district, Karnataka – 560060. The project continues the development of the existing Provident Equinox township, reinforcing the group’s long-term commitment to the Bengaluru residential market.

The newly launched phase is a residential project catering exclusively to the domestic market. Provident Equinox Phase 5 is registered with the Karnataka Real Estate Regulatory Authority (RERA) under Registration No. PRM/KA/RERA/1251/310/PR/170126/008410, ensuring regulatory compliance and transparency for homebuyers.

Top gainers among Nifty stocks in midday trades today, January 14: Puravankara, Jupiter Wagons, MMTC, Graphite India and more

Aman Shukla — Wed, 14 Jan 2026 06:57:24 +0000

The Indian stock market showed modest gains in midday trades on January 14, 2026, with the Nifty 50 at 25,768.75 (up 36.45 points or 0.14%) and the Sensex at 83,733.24 (up 105.55 points or 0.13%).

Here are the top gainers among Nifty stocks (or Nifty-listed companies) as of around 12:20 PM IST.

Rank	Company	Market Price (₹)	Change (%)	Volume (Shares)
1	Puravankara	256.55	+11.41%	1,12,26,416
2	Jupiter Wagons	324.80	+10.40%	1,58,19,848
3	MMTC	68.67	+8.06%	5,32,75,112
4	Graphite India	640.70	+6.91%	30,59,276
5	Vedanta	671.60	+5.40%	3,12,57,313
6	Balaji Amines	1,295.90	+5.72%	20,79,080
7	Chennai Petroleum Corporation	864.50	+5.18%	18,91,096
8	Mangalore Refinery And Petrochemicals	151.85	+4.59%	69,52,249
9	Hindustan Zinc	656.75	+4.27%	1,99,69,288
10	Multi Commodity Exchange of India	2,391.00	+4.27%	27,63,797

These figures reflect intraday performance at midday and are subject to change as trading continues.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Puravankara shares surge over 10% after strong Q3 business update

Aman Shukla — Wed, 14 Jan 2026 04:06:58 +0000

Puravankara Limited shares surged over 10% on Wednesday after the company released a strong business update for the third quarter, reflecting healthy demand momentum and improved pricing across key markets.

The rally in the stock came as the real estate developer reported robust growth in both sales and collections during the quarter, underlining sustained buyer interest despite a challenging macro environment. Pre-sales for Q3 stood at ₹1,414 crore, marking a 17% year-on-year increase, while the sales value rose 10% on a yearly basis and 7% sequentially to the same level of ₹1,414 crore.

Collections during the quarter also remained strong, rising 22% year-on-year and 9% quarter-on-quarter to ₹1,140 crore. This improvement in cash flows highlights better project execution and faster customer collections, which are critical indicators of operational strength for real estate companies.

In terms of volume, the total sales area reached 1.49 million square feet. This represented a 4% increase compared to the same period last year, though it was marginally lower by 1% on a quarter-on-quarter basis.

Average realisation for the quarter climbed to ₹9,500 per square foot, reflecting a 12% year-on-year rise and an 8% increase over the previous quarter.

Puravankara arm Starworth Infrastructure bags Rs 311 crore residential project in Bengaluru

Aman Shukla — Tue, 13 Jan 2026 05:17:05 +0000

Starworth Infrastructure & Construction Limited (SICL), a key construction arm associated with the Puravankara Limited ecosystem, has received a Letter of Intent for a large-scale residential project in Bengaluru. The contract has been awarded by Sattva Resi Private Limited, further strengthening SICL’s order book visibility.

The project, named Sattva AANGANE, is a proposed residential development located in East Taluk, Bangalore – 560049. The development will span an approximate built-up area of 30,36,458 square feet, making it one of the sizable residential construction assignments in the region. The total contract value stands at ₹311.18 crore, reflecting the scale and complexity of the project.

As per the details disclosed, the order is a domestic item-rate construction contract with an execution timeline of 37 months.

The scope includes comprehensive construction works for the residential project, aligning with the growing demand for large integrated housing developments in Bengaluru’s eastern corridor. Importantly, the awarding entity has confirmed that there is no promoter or promoter-group interest involved, and the transaction does not fall under related-party transactions, ensuring transparency and arm’s-length execution.

Puravankara shares surge over 10% after acquiring 53.5-acre land parcel in Bengaluru with Rs 4,800 crore development potential

Aman Shukla — Tue, 23 Dec 2025 04:04:25 +0000

Shares of Puravankara Limited surged sharply in early trade after the company announced the acquisition of a large land parcel in Bengaluru, reinforcing its long-term growth strategy in one of India’s most active residential markets.

Puravankara stock jumped over 10% on Tuesday, reflecting strong investor response to the strategic expansion. As of 9:32 AM IST, the shares were trading 10.07% higher at ₹265.44 on the NSE and BSE.

The real estate developer has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, a region that has been witnessing rapid residential development due to improving infrastructure, better road connectivity, and sustained end-user demand. The acquisition further strengthens Puravankara’s presence across key Bengaluru micro-markets that are emerging as long-term housing growth corridors.

According to the company, the newly acquired land is located at Attibele Hobli and offers a saleable development potential of approximately 6.4 million square feet. The proposed development carries a potential gross development value of over ₹4,800 crore, making it a meaningful addition to Puravankara’s future project pipeline.

Puravankara acquires 53.5-acre land parcel in Bengaluru’s Anekal, eyes Rs 4,800 crore development potential

Aman Shukla — Tue, 23 Dec 2025 03:39:04 +0000

Puravankara Limited has announced the acquisition of a 53.5-acre land parcel in Anekal Taluk, Bengaluru, marking another strategic expansion in one of the city’s fast-developing residential corridors. The company, listed on the NSE and BSE, continues to strengthen its footprint across key Bengaluru micro-markets where infrastructure upgrades, connectivity improvements, and steady end-user demand are driving long-term housing growth.

The newly acquired land is located at Attibele Hobli and offers a saleable development potential of around 6.4 million square feet. According to the company, the project carries a potential gross development value exceeding ₹4,800 crore, making it a significant addition to Puravankara’s future launch pipeline.

Commenting on the acquisition, Ashish Puravankara, Managing Director of Puravankara Limited, said the move aligns with the company’s systematic approach to land acquisition across strategic micro-markets. He highlighted that the purchase reflects a disciplined growth strategy, a long-term organisational outlook, and confidence in the fundamentals of Bengaluru’s emerging residential zones to support the creation of large, sustainable communities.

Puravankara shares jump over 2% after subsidiary wins Rs 509.52 crore construction contract for One Bangalore Luxury project

Aman Shukla — Thu, 11 Dec 2025 03:45:34 +0000

Puravankara’s stock gained more than 2% in early trade after its subsidiary, M/s Starworth Infrastructure & Construction Limited (SICL), announced that it has secured a major construction mandate for the One Bangalore Luxury Project (OBLP). The company confirmed that SICL has received a Letter of Acceptance from One Bangalore Luxury Projects LLP for the development of Varnam Phase 1, a premium residential segment of the larger luxury township.

The scope of the contract includes complete turnkey civil works, finishes, MEP systems, and external development at the Akalehahalli-Mallenhalli Village site in Devanahalli, Bengaluru Rural. The project, situated in one of Bengaluru’s fast-growing luxury corridors, is expected to significantly enhance SICL’s order book and execution pipeline. The contract is valued at ₹509.52 crore and will be executed over a period of thirty-six months under an item-rate agreement.

Puravankara clarified that the awarding entity is a domestic LLP with no promoter or related-party linkages to the group. This ensures that the contract is an entirely arm’s-length commercial engagement, further underscoring the operational credibility of SICL in the construction and infrastructure space.

Top stocks to watch today, October 27: Waaree Energies, IRCON, Ola Electric, Puravankara, Crompton and more

Aman Shukla — Mon, 27 Oct 2025 02:46:00 +0000

Indian markets are likely to witness active stock-specific action today, driven by corporate announcements and fresh project developments. Here’s a look at key stocks expected to be in focus.

Top Stocks to Watch Today

Puravankara: Wins ₹212 crore order for SBR Global Queen’s Ville residential project.
IFB Industries: CRISIL revises outlook to ‘Positive’ from ‘Stable’ and reaffirms ratings.
Waaree Energies: Bags module orders of 220 MW, 210 MW, and 140 MW for renewable projects in India.
Vikran: Receives LoA worth ₹354.21 crore from Ellume Energy for a 100 MW solar PV project in Maharashtra.
Bharat Rasayan: Board approves 1:1 bonus issue and share split.
Crompton Greaves: Secures ₹445 crore order for solar rooftop systems across 40,000 homes in Andhra Pradesh.
HUDCO: Signs ₹5,000 crore MoU with Jawaharlal Nehru Port Authority for infrastructure collaboration.
Eclerx: Q2 revenue ₹1,004.85 crore vs ₹831.84 crore; net profit ₹183.19 crore vs ₹140.25 crore; approves ₹300 crore share buyback at ₹4,500 per share.
Bhagyanagar Industries: Revenue ₹580 crore vs ₹408 crore; net profit ₹11.3 crore vs ₹3.7 crore.
Moschip Technologies: Revenue ₹146.9 crore vs ₹125.6 crore; net profit ₹12.1 crore vs ₹9.7 crore.
Sagar Cements: Revenue ₹125.72 crore vs ₹107.99 crore; net profit ₹10.60 crore vs ₹6.71 crore.
EPACK Prefab: Bags ₹129 crore order from Avaada Ventures for pre-engineered steel buildings.
IRCON: JV wins ₹168.4 crore order for 220kV Koradi–Mankapur transmission line project.
ARSS Infra: Gets multiple sub-contracts worth ₹429.92 crore from Shivam Condev Pvt Ltd.
SK Minerals: Receives ₹56.7 crore order from BPCL.
NCC: Wins ₹6,829 crore LoA from Central Coalfields for coal and overburden extraction in Jharkhand.
NTPC: Completes trial operation of Unit-1 (800 MW) at Patratu Super Thermal Power Project.
Dr Lal Path Labs: Board to meet on Oct 31 to consider bonus issue.
Zydus Lifesciences: Gets Health Canada nod for generic Mesalamine suppositories.
Thirumalai Chemicals: Reschedules board meet to Oct 29 for preferential equity issue.
JBM Auto & Olectra Greentech: CESL to invite bids for 10,900 e-buses next month.
JSW Energy: Plans to start 5 GWh battery assembly unit in Pune in Q3.
Man Coat Metal: Lario Mona buys 5.35 lakh shares at ₹170.87 each.
Midwest: Goldman Sachs Funds purchase 4.34 lakh shares at ₹1,152.56 each.
IndiGo: Winter schedule shows 10% rise in departures; yields supported by slower capacity growth.
Redington: Gets favorable tax order quashing ₹91.74 crore demand.
Subros: Receives ₹27 crore order from Indian Railways’ Banaras Locomotive Works.
GPT Infraprojects: Bags ₹195 crore order from Terminal Industriel Polyvalent De San Pedro, Ivory Coast.
Reliance Industries: To comply with EU fuel rules; forms 70:30 JV with Facebook with ₹855 crore investment.
Dr Reddy’s Laboratories: Q2 revenue ₹8,828 crore vs estimate ₹8,595 crore; EBITDA ₹2,010 crore vs ₹2,208 crore.
Popular Vehicles: CRISIL reaffirms company ratings.
Aptus Value Housing: Westbridge Fund requests reclassification from promoter to public.
Cyient, HFCL, NCC, Titagarh Rail: To be removed from NSE F&O segment from Jan 2026 expiry.
BMW Ventures: Wins ₹4.49 crore order from domestic steel manufacturer.
Hindalco: Signs share purchase deal with EMIL and EMMRL.
Mehai Technology: Promoter acquires 8.05% stake via rights issue (6.02 crore shares).
Ola Electric: To raise up to ₹1,500 crore through equity and other instruments.
Vesuvius India: Sells Visakhapatnam land and structures for ₹30.51 crore.
LIC & Adani Group: Deny Washington Post report, reaffirm due diligence in investments.
Shalby: CFO Amit Pathak resigns.

Puravankara subsidiary wins Rs 211.53 crore residential construction project from SBR Builders

Aman Shukla — Fri, 24 Oct 2025 11:41:51 +0000

Puravankara Limited has announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited, has secured a major construction contract for the residential project “SBR Global Queen’s Ville”. The project has been awarded by M/s SBR Builders and involves Core & Shell with Finishes works.

The total value of the contract is ₹211.53 crore, marking a significant order in the residential building segment. The contract will be executed as per the terms outlined in the Letter of Award, and it is fully domestic in nature.

Notably, there is no involvement of Puravankara’s promoter group or related entities in the awarding of this project, ensuring the deal is free from any related party transactions.

This order reinforces Puravankara’s presence in the residential construction sector and highlights its subsidiary’s strong execution capabilities.

Puravankara Q2 Business Update: Pre-sales jumps 4% YoY to Rs 1,322 crore, collections rise 8%

Aman Shukla — Fri, 10 Oct 2025 06:24:28 +0000

Puravankara Limited, one of India’s most trusted real estate developers, reported robust pre-sales of Rs 1,322 crore in Q2 FY26, marking a 4% year-on-year growth. The company’s average price realization also rose by 7% YoY, while customer collections grew 8% YoY to Rs 1,047 crore, reflecting steady demand across its residential portfolio.

Sales and Collections Performance
In Q2 FY26, Puravankara achieved pre-sales of Rs 1,322 crore, compared to Rs 1,270 crore in Q2 FY25, showing a consistent 4% YoY growth. For the first half of FY26, pre-sales reached Rs 2,445 crore, up 4% YoY from Rs 2,349 crore in H1 FY25.

The company sold 1.50 million square feet in Q2 FY26 and 2.75 million square feet in H1 FY26, with average realizations improving to Rs 8,814 per square foot in Q2 FY26 (up 7% YoY) and Rs 8,891 per square foot in H1 FY26 (up 8% YoY).

Customer collections from real estate projects stood at Rs 1,047 crore in Q2 FY26, up 8% YoY, and Rs 1,904 crore in H1 FY26, up 1% YoY, highlighting the company’s strong cash flow position.

Strategic Business Development and New Projects
Puravankara continued to expand its footprint across Mumbai and Bengaluru with several high-potential projects:

KIADB Hardware Park, North Bengaluru: Partnered with KVN Property Holdings LLP for a 24.59-acre land parcel with 3.48 msft developable area, offering a potential GDV of over Rs 3,300 crore.
Chembur, Mumbai: Selected as the preferred developer for redeveloping eight residential societies, unlocking over 1.2 msft of development potential across ~4 acres, with an estimated GDV of Rs 2,100 crore.
Balegere, East Bengaluru: Entered into a joint development agreement for a 5.5-acre land parcel with combined potential GDV of over Rs 1,000 crore.
Malabar Hill, Mumbai: Secured a premium redevelopment project via its wholly-owned subsidiary, offering 0.7 msft of development on 1.43 acres, with GDV potential of ~Rs 2,700 crore.

With steady sales growth, improved realizations, and strategic land acquisitions, Puravankara is well-positioned to strengthen its leadership in the Indian residential real estate market.

Puravankara shares surge 6% after bagging Malabar Hill redevelopment project with Rs 2,700 crore potential

Aman Shukla — Tue, 02 Sep 2025 03:45:11 +0000

Puravankara Limited shares jumped over 6% in morning trade today following the company’s announcement of a major move into South Mumbai’s ultra-premium real estate segment. The developer has secured redevelopment rights for a prime residential society in Malabar Hill, marking a significant expansion in Mumbai’s high-end housing market.

The 1.43-acre project offers a development potential of approximately 0.7 million sq. ft. and is expected to generate an estimated gross development value (GDV) of around Rs 2,700 crore. The redevelopment will not only provide upgraded luxury homes for existing residents but also add premium apartments for sale, setting a new benchmark for upscale living in the city.

Ashish Puravankara, Managing Director of the company, stated, “Our Malabar Hill foray reflects Puravankara’s commitment to creating world-class homes while contributing to the evolving urban landscape of Mumbai.” He added that the project aligns with the company’s strategy of targeting key strategic markets across the city.

This announcement builds on the company’s earlier success this year, when it was chosen as the preferred developer for eight residential societies in Chembur, totaling over 1.2 million sq. ft. with a GDV of Rs 2,100 crore. Rajat Rastogi, CEO – West & Commercial Assets, noted that with Malabar Hill added to its pipeline, Puravankara’s redevelopment portfolio in Mumbai now stands at 4.25 million sq. ft., with a potential GDV of Rs 10,500 crore.

Puravankara shares fall 4% as Q1 revenue drops 20.4% YoY to Rs 524 crore

Aman Shukla — Mon, 11 Aug 2025 04:00:03 +0000

Puravankara shares slipped about 4% in morning trade after the company released its Q1 results. As of 9:28 AM, the shares were trading 4.40% lower at Rs 255.00.

The consolidated revenue for the quarter fell sharply by 20.4%, down to Rs 524 crore from Rs 658 crore a year ago. More concerning was the net loss of Rs 68.6 crore, a significant turnaround from a profit of Rs 14.8 crore in the same period last year.

EBITDA also took a hit, dropping nearly 49% to Rs 66.7 crore compared to Rs 131 crore previously, causing the margin to shrink from 19.8% to just 12.7%. This dip reflects the challenging environment the company is facing right now.

On the trading front, the stock opened at Rs 262.75 and touched a low of Rs 252.20 today before climbing back slightly. Despite the current dip, the stock’s 52-week range shows a low of Rs 208.70 and a high of Rs 491.

Puravankara to redevelop 8 housing societies in Chembur, Mumbai with GDV potential of Rs 2,100 crore

Aman Shukla — Mon, 07 Jul 2025 03:42:03 +0000

Puravankara Limited, one of India’s most trusted real estate brands, has just landed a major win in Mumbai. The company has been chosen as the preferred developer for redeveloping eight residential societies in Chembur — a move that opens up over 1.2 million sq. ft. of development potential, spread across ~4 acres, with an estimated gross development value (GDV) of Rs 2,100 crore.

This comes on the heels of Puravankara’s recent foray into marquee redevelopment projects at Breach Candy, Pali Hill, and Lokhandwala. With each of these, the company is steadily cementing its position as a key player in Mumbai’s premium redevelopment landscape.

Puravankara is also celebrating 50 years of operations this year. Over the decades, it’s built a reputation for quality, timely execution, and community-first developments. Their growing presence in complex urban redevelopment projects showcases their sharp execution skills, customer-centric thinking, and vision for sustainable, well-designed living spaces.

Puravankara shares surge 6% after subsidiary secures order worth Rs 272 crore

Aman Shukla — Thu, 19 Jun 2025 03:45:08 +0000

Shares of Puravankara Ltd rallied 6% in early trade after its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, received a significant civil and finishing works order. As of 9:15 AM, the shares were trading 5.38% higher at Rs 293.90

The contract, valued at ₹272.02 crore, is for the construction of a residential apartment project named “TRU AQUAPOLIS” in Varthur, Bengaluru.

Awarded by TRU Dwellings Private Limited, the project falls under an EPC-commercial contract model. The scope of work includes civil and finishing services for the residential complex, with the execution to follow a defined timeline and terms specified in the formal agreement. The project is domestic in nature, with no involvement of promoters or related parties, as confirmed by the company.

This order strengthens Starworth Infrastructure’s growing project portfolio and signals strong momentum in the Indian residential construction sector.

Puravankara subsidiary secures Rs 272 crore contract for Bengaluru residential project

Aman Shukla — Wed, 18 Jun 2025 14:25:48 +0000

Puravankara Limited announced that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Intent for a major civil and finishing works contract. The project pertains to the construction of a residential apartment complex named “TRU AQUAPOLIS,” located in Varthur, Bengaluru. The contract has been awarded by TRU Dwellings Private Limited.

The nature of the order is an EPC-commercial contract, with a total value of ₹272.02 crore. The agreement outlines the scope of work as civil and finishing services for the upcoming apartment project. The contract is domestic in nature and is to be executed as per the terms and timeline specified in the formal agreement.

Puravankara has confirmed that there is no promoter or related-party involvement in the awarding of this contract. This development marks a significant addition to Starworth Infrastructure’s project portfolio and reflects continued momentum in India’s residential construction sector.

Puravankara shares drop over 7% as Q4 EBITDA falls 73% YoY to Rs 30.45 crore

Aman Shukla — Mon, 02 Jun 2025 04:24:28 +0000

Puravankara shares fell over 7% in morning trade after the company reported disappointing financial results for the fourth quarter of FY25. The real estate developer posted a sharp decline in both revenue and profitability, triggering negative sentiment among investors. As of 9:51 AM, the shares were trading 6.78% lower at Rs 247.40.

The company’s consolidated revenue dropped significantly to ₹541.57 crore, down 41.1% from ₹919.97 crore in the same period last year. Operational performance also weakened, with EBITDA falling to ₹30.45 crore, a decline of 73% compared to ₹113.40 crore a year ago. The EBITDA margin narrowed to 5.6% from 12.3%, reflecting pressure on cost management and lower operating leverage.

Puravankara reported a net loss of ₹88 crore for the quarter, a significant deterioration from the ₹6.71 crore loss recorded in the corresponding quarter of the previous year.

Puravankara shares opened at ₹255.00 today, reaching a high of ₹258.90 and a low of ₹238.90 during trading. The stock remains well below its 52-week high of ₹569.60 but above its 52-week low of ₹208.70.

Abhishek Kapoor resigns as Group CEO of Puravankara; Mallanna Sasalu named CEO–South

Aman Shukla — Fri, 09 May 2025 11:30:18 +0000

Puravankara Limited has officially announced a leadership transition in its senior management team. Mr. Abhishek Kapoor, who served as the Executive Director and Group CEO, has tendered his resignation effective at the close of business hours today.

The company confirmed the resignation in a regulatory filing and has attached the resignation letter as part of the disclosure in compliance with SEBI’s Master Circular dated November 11, 2024. No specific reasons for the resignation were mentioned in the public communication.

In parallel, Puravankara has proposed the appointment of Mr. Mallanna Sasalu as CEO–South, effective May 9, 2025, subject to approval by the Nomination and Remuneration Committee and the Board of Directors at their upcoming meetings. Mr. Sasalu is currently associated with Provident Housing Ltd., a subsidiary of Puravankara, and brings over 32 years of experience in engineering, architecture, and real estate development. He is a Civil Engineering graduate and an alumnus of Harvard Business School.

According to the disclosure, Mr. Sasalu is not related to any existing directors of the company.

Puravankara enters major joint venture to develop 24.59-acre land in North Bengaluru

Aman Shukla — Fri, 09 May 2025 11:24:27 +0000

Puravankara Group has announced a new joint venture to develop a significant 24.59-acre land parcel in North Bengaluru. The planned development, with an estimated Gross Development Value (GDV) exceeding ₹3,300 crore, will offer approximately 3.48 million square feet of saleable area. Strategically positioned near Kempegowda International Airport and key emerging infrastructure and employment zones, the project is expected to launch within the next six months.

This initiative aligns with Puravankara’s ongoing expansion in one of Bengaluru’s fastest-growing real estate corridors. The location is known for its connectivity and rising demand, making it an attractive investment for residential and commercial development.

In the meantime, Puravankara has appointed Mr. Mallanna Sasalu as CEO–South, effective May 9, 2025, pending necessary approvals. Mr. Sasalu brings over three decades of experience across engineering, architecture, and real estate in India and Canada. He has previously led operations at Provident Housing Ltd., where he played a key role in scaling the business.

Simultaneously, Mr. Abhishek Kapoor, who served as Executive Director and Group CEO, has resigned, with his tenure concluding at the close of business hours on May 9, 2025. His departure marks a leadership transition at a time when the group is gearing up for large-scale development projects.

Puravankara launches Purva Atmosphere residential project in Keshav Nagar, Pune

Aditya Bhagchandani — Thu, 30 Jan 2025 05:48:03 +0000

Puravankara Limited, one of India’s most trusted real estate developers, has announced its latest residential project, Purva Atmosphere, in Keshav Nagar, Pune. Spread across 10 acres with 70% open spaces, this project is set to offer 240 2 BHK and 180 3 BHK apartments in two 30-story towers. Designed for natural light, ventilation, and Vastu compliance, the project aims to provide sustainable living with modern amenities.

Purva Atmosphere includes a one-acre central podium landscape area, a clubhouse, and green spaces inspired by Bali’s iconic terraces. The project adheres to the Indian Green Building Council’s (IGBC) guidelines, reflecting its focus on sustainability. The development will feature over 50 amenities, including yoga pods, sensory gardens, an oxygenated gym, and co-working spaces.

Located near the proposed Kharadi Bridge, the project ensures connectivity to key IT hubs like Magarpatta and Hadapsar. Prices start at ₹95 lakhs for 2 BHK and ₹1.49 crore for 3 BHK units. With a strong emphasis on design, sustainability, and convenience, Purva Atmosphere aims to redefine luxury living in Pune.

Puravankara’s shares fall 20% this week post mixed Q3FY25 performance

Aditya Bhagchandani — Sat, 25 Jan 2025 05:25:37 +0000

Shares of Puravankara Ltd fell 20.16% this week, closing at ₹277.10 as of Friday, January 24, 2025. The stock saw a significant decline after reporting mixed results for the December quarter.

Key financial highlights:

Collections: ₹993 crore, up 6% YoY from ₹941 crore in Q3FY24.
Sales: ₹1,265 crore, a modest 2% YoY growth from ₹1,241 crore in Q3FY24.
Average price realisation: ₹8,848 per sqft, up 16% YoY compared to ₹7,621 per sqft.
Nine-month collections (9MFY25): ₹2,991 crore, a 19% increase from ₹2,515 crore in 9MFY24.

Puravankara invested ₹1,100 crore in land acquisitions in FY25, securing a potential Gross Development Value (GDV) of ₹10,500 crore. The latest acquisition on Kanakapura Road in Bengaluru highlights the company’s growth strategy.

Industry highlights:

$11.4 billion in foreign equity investments in Indian real estate in 2024.
Over 70 million square feet of office space absorbed in key cities due to expansion of global capability centres (GCCs).

Puravankara Share Price history

Day	Open	Close	Change %
Fri, Jan 24 2025	₹276.60	₹277.10	-3.97%
Thu, Jan 23 2025	₹306.00	₹288.55	-9.70%
Wed, Jan 22 2025	₹335.25	₹319.55	-4.07%
Tue, Jan 21 2025	₹350.00	₹333.10	-4.83%
Mon, Jan 20 2025	₹354.90	₹350.00	+0.59%
Fri, Jan 17 2025	₹347.75	₹347.95	+0.06%
Thu, Jan 16 2025	₹340.55	₹347.75	+2.17%
Wed, Jan 15 2025	₹352.00	₹340.35	-0.03%

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Puravankara’s subsidiary Provident Housing unveils new phase of Ecopolitan in Bengaluru

Aman Shukla — Fri, 17 Jan 2025 07:26:34 +0000

Provident Housing Limited, a renowned name in large-scale community development in India, is set to launch the new phase of Provident Ecopolitan in Bengaluru on 18th and 19th January 2025. Building on the success of Phase 1, the upcoming phase promises thoughtfully designed homes that blend sustainability with contemporary living.

The new phase offers a total of 581 residential units in 1 BHK, 3 BHK, and 3.5 BHK configurations, designed to meet the diverse needs of homeowners. The 1 BHK units range from 530–590 sq. ft., while the 3 BHK and 3.5 BHK units vary from 1,492–1,550 sq. ft. and 1,793–1,911 sq. ft., respectively.

Located strategically in the thriving KIADB Aerospace Park, Provident Ecopolitan offers excellent connectivity to key landmarks in Bengaluru. The project is well-connected to Kempegowda International Airport, Yelahanka Railway Station, and the upcoming Bagalur Cross Metro Station. Additionally, residents will benefit from proximity to leading schools, hospitals, and retail hubs, ensuring a well-rounded lifestyle.

The new phase of Provident Ecopolitan is designed with sustainability in mind. Over 45 indigenous plant species are incorporated into the project, promoting a rich ecosystem. The project also emphasizes eco-friendly living with electric vehicle (EV) charging provisions and green building practices.

Puravankara’s subsidiary acquires 24.99% stake in NBD Office Park LLP

Aditya Bhagchandani — Mon, 13 Jan 2025 12:35:20 +0000

Puravankara Limited, a leading real estate developer, has announced that its wholly owned subsidiary, PPL Hebbal Developers’ Private Limited, has invested Rs 2.96 crore to acquire a 24.99% stake in NBD Office Park LLP. The acquisition is aimed at consolidating operations for better synergy, as NBD Office Park LLP operates in the same real estate sector as Puravankara.

Key Details of the Acquisition:

Target Entity: NBD Office Park LLP, a real estate business incorporated on December 13, 2022, with a net worth of Rs 7.46 crore as of FY24.
Transaction Type: The acquisition involves a capital contribution of Rs 2.96 crore, completed as of January 13, 2025.
Shareholding: PPL Hebbal Developers’ Private Limited now holds a 24.99% partnership interest in NBD Office Park LLP.
Purpose: The move is intended to create better synergy within the group, aligning with Puravankara’s growth strategy in the real estate market.

This acquisition further strengthens Puravankara’s footprint in the real estate sector, leveraging partnerships for enhanced operational efficiency.

Puravankara’s Q3FY25 pre-sales reach Rs 1,265 crore; customer collections rise 6% YoY to Rs 993 crore

Aditya Bhagchandani — Mon, 13 Jan 2025 08:26:33 +0000

Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s leading real estate developers, has announced its operational updates for the third quarter of FY25, showcasing steady growth.

The company achieved pre-sales of Rs 1,265 crore during Q3FY25, a 2% year-on-year (YoY) increase compared to Rs 1,241 crore in Q3FY24. The sales value for the nine-month period of FY25 stood at Rs 3,724 crore.

Customer collections in Q3FY25 rose by 6% YoY to Rs 993 crore, compared to Rs 941 crore in the same quarter last year. For the nine-month period ending December 31, 2024, collections reached Rs 2,991 crore, marking a robust 19% YoY growth over Rs 2,515 crore recorded in 9MFY24.

Ashish Puravankara, Managing Director, Puravankara Ltd., attributed the growth in collections to strong operational efficiency. He highlighted the company’s investment of Rs 1,100 crore in land acquisitions this fiscal, targeting a potential Gross Development Value (GDV) of Rs 10,500 crore, including a notable acquisition at Kanakapura Road, Bengaluru.

Key Highlights:

Achieved customer collections of Rs 2,991 crore in 9MFY25, up 19% YoY.
Quarterly customer collections rose to Rs 993 crore, a 6% YoY increase.
Quarterly pre-sales reached Rs 1,265 crore, up 2% YoY.
Average price realization improved to Rs 8,848 per sq. ft., up 16% YoY.
Significant investment of Rs 1,100 crore in land acquisition for FY25, with a potential GDV of Rs 10,500 crore.
Appointment of Mr. Deepak Rastogi as Group CFO, effective January 15, 2025.

Puravankara’s strong performance reflects its commitment to growth and operational excellence in the real estate sector, with a robust pipeline for future developments.

Puravankara shares jump nearly 5% after securing redevelopment rights for Miami Apartments in South Mumbai

Aditya Bhagchandani — Fri, 13 Sep 2024 03:47:59 +0000

Puravankara’s shares surged by nearly 5% today following the company’s acquisition of the redevelopment rights for Miami Apartments, a well-known residential society in South Mumbai’s Breach Candy area. The property spans over 2,000 square meters of prime real estate, marking Puravankara’s entry into the high-end South Mumbai market.

Market experts estimate property rates in this area to range between ₹1,25,000 and ₹1,40,000 per square foot, highlighting the significance of this acquisition in one of India’s most luxurious real estate sectors.

In addition, Puravankara has entered into a joint development agreement for a new project in Bengaluru. This development, located next to the Purva Westend project, will provide a saleable area of 260,000 square feet. Current market prices for the area range from ₹12,000 to ₹14,000 per square foot.

As of 9:15 am today, Puravankara shares were trading 4.76% higher at ₹455.90 on the NSE, reflecting investor optimism about these strategic moves.

Puravankara shares rise 2% following Q1 results

Aditya Bhagchandani — Thu, 01 Aug 2024 04:41:37 +0000

Puravankara Limited saw a boost in its share price by over 2% after releasing its first-quarter results for FY25. The Bengaluru-based real estate company reported stable sales bookings but notable improvements in collections and delivery metrics.

Q1 FY25 Financial Highlights

Sales Bookings: ₹1,128 crore, flat compared to the previous year’s quarter. The company attributed this to deferred launches planned for the second quarter.
Quarterly Collections: Increased by 39% year-on-year to ₹965 crore, up from ₹696 crore in Q1 FY24.
Revenue Recognized: ₹676 crore, driven by the delivery of 929 units, which is a 108% growth compared to last year.

Additional Insights

Average Price Realization: ₹8,746 per square foot, marking a 6% increase from the previous year.
Land Acquisition: The company invested ₹762 crore in acquiring land across Mumbai Metropolitan Region (MMR), Goa, and Bengaluru.
Area Sold: 1.29 million square feet.

Market Performance

Shares Trading: As of 10:10 AM, Puravankara’s shares were up by 2.02%, trading at ₹464.95 on the NSE.

Puravankara shares surge on land acquisition in Thane

Aditya Bhagchandani — Mon, 03 Jun 2024 05:48:52 +0000

Puravankara share price surged to a 5 percent upper circuit in early trade on June 3 following the company’s acquisition of a 12.75-acre land parcel in Thane.

In a notable development, there were pending buy orders of 1,187 shares, with no sellers available.

The company’s press release stated, “….. has announced the acquisition of 12.75 acres of land in Patlipada on Ghodbunder Road, Thane, by its wholly-owned subsidiary company, Purva Oak Private Limited.”

The newly acquired land boasts an estimated potential carpet area of 18.20 lakh sq ft and a potential Gross Development Value (GDV) of Rs 4,000 crores over the project lifecycle.

Despite reporting a 33 percent year-on-year (YoY) dip in net profit to Rs 42 crore in the quarter ended March 31, the company saw an impressive revenue of Rs 947 crore in the fourth quarter, marking a substantial 112 percent YoY increase.

Notably, in April 2024, Puravankara emerged as the preferred developer for the redevelopment of a residential housing society in Mumbai’s Pali Hill locality. The project is estimated to have a cumulative development potential of 4.10 lakh square feet carpet area, with approximately 2.15 lakh square feet available for sale and a potential gross development value (GDV) of more than Rs 2,000 crore.

As of 11:05 am, the shares were trading 3.95% higher at ₹420.85 on NSE.

Stocks to watch: NTPC, Jet Airways, GAIL India, LIC Housing, Suven Pharma and more

Aryan Jakhar — Tue, 27 Dec 2022 02:46:06 +0000

After a positive start to the final week of 2022, markets are expected to extend gains on Tuesday morning, with global cues remaining positive. The SGX Nifty futures were quoted at 18,080 at 07:50 AM, compared to the actual Nifty 50 close of 18,015 yesterday.

Meanwhile, the following stocks are expected to see some trading on Tuesday.

NTPC: The power company has signed a non-binding Memorandum of Understanding (MOU) with the Indian subsidiary of Italy-based Maire Technimont Group to jointly analyse and investigate the possibilities of developing a commercial scale green methanol production facility at NTPC’s project in India.

Suven Pharma: Advent International, a global private equity firm, has agreed to buy a 50.1 percent share in Hyderabad-based Suven Pharmaceuticals for Rs 6,313 crore. The former will issue an open offer for a further 26% shareholding at Rs 495 per share.

Share India Securities (SIS): On December 26, the company’s board authorised a proposal to raise up to Rs 1,000 crore through a rights issue of specified shares.

Jet Airwarys: With the airline’s future unknown, at least two senior executives, as well as some pilots and cabin personnel, have left, according to sources. The Jalan Kalrock consortium won the insolvency resolution procedure for Jet Airways in June 2021, although the carrier has yet to begin operations.

GAIL India: According to a top official, the state-run energy business will conduct exploration and production of mineral crude oil, natural gas, and coal bed methane (CBM) in a 486.39 square kilometre area of the Barmer-Jaisalmer block.

Alembic Pharmaceuticals: The drugmaker has gained final approval from the US Food and Drug Administration for its generic Fulvestrant injection, which is used to treat breast cancer. According to the company, the approved injectable is therapeutically similar to AstraZeneca Pharmaceuticals’ reference listed medicinal product (RLD), Faslodex Injection.

Puravankara: The board of directors of the firm will meet on December 29 to evaluate and approve the proposal for the issuing of non-convertible debentures via private placement in one or more tranches.

Time Technoplast: The company has won a Rs 75 crore repeat order from Adani Total Gas for the provision of Type-IV composite cylinder CNG cascades. These cascades will be delivered beginning in January 2023.

LIC Housing Finance: Effective December 26, the mortgage lender raised its home loan rates by 35 basis points (bps). The new prices begin at 8.65%, according to a statement issued by the firm on Monday.

Stocks in F&O ban: Punjab National Bank (PNB) was the sole stock in F&O ban period on Tuesday.