PURAVANKARA

Puravankara's strategic plans include reducing net debt, optimizing debt costs, and utilizing its extensive land bank for future expansion and growth, as announced by the Group CEO. The company is focused on enhancing revenue from key markets like B...

Real estate developer Puravankara has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru, for a luxury project, adding a potential GDV of over Rs 900 crore. With recent acquisitions in Mumbai, the group's total GDV is now Rs 1,550 crore. Strat...

Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves...

Puravankara's board sanctioned a fundraising initiative of Rs 1,000 crore through qualified institutional placement (QIP), to be conducted in one or multiple phases.

India ranked among the top five global destinations for cross-border capital in land and development site investments in the March quarter, with foreign investors accounting for about 55% of the inflows, according to real estate services firm Collie...

Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.

Realty developer Puravankara's subsidiary, Purva Oak, acquired 12.75 acres in Thane's Patlipada for a premium residential project with an estimated potential of 18.20 lakh sq ft. The project, adding to Mumbai Metropolitan Region portfolio, has a pot...

The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.

Provident Housing secures Rs 1,150 crore from HDFC Capital Advisors for expansion. The collaboration aims to add 6.2 million sq ft, with a combined portfolio value of Rs 17,100 crores, focusing on delivering quality homes across various cities.

The project holds a cumulative estimated development potential of 4.10 lakh sq ft carpet area with over over 2.15 lakh sq ft available for sale with a potential Gross Development Value (GDV) of over Rs 2,000 crore.

About 22 stocks, including HMA Agro Industries, Mangalam Cement, HEG, Hindustan Copper, Motilal Oswal, Hariom Pipe have offered returns between 10-20% during the week.

The investment encompasses a range of projects, spanning from commercial properties to residential ventures, reflecting a strategic collaboration aimed at bolstering real estate endeavours across multiple regions in India.

Bengaluru-based real estate developer Puravankara achieves record-high annual sales and customer collections in FY24, with sales reaching Rs 5,914 crores, a 90% increase, and customer collections rising by 60% to Rs 3,609 crores. The company attribu...

Banks and real estate stocks benefitted from the central bank's rate freeze, while IT stocks fell on US rate cut uncertainty. BSE Sensex rose 20 points, NSE Nifty gained 11 points.

The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most o...

Real estate firm Puravankara reported a sales value of Rs 1,241 crore for Q3FY24, a 52% YoY increase from the previous year. The company also recorded record customer collections of Rs 941 crores, a 52% YoY increase from Q3 FY23. In Q3FY24, the comp...

Provident Housing, a subsidiary of the Puravankara Group, is entering the bridge-to-luxury residential segment with its inaugural project in Bengaluru. The project, located on IVC Road, spans 15 acres and will feature 288 units priced at approximate...

The acquisition of these development rights marks Puravankara’s foray into the redevelopment business in the western region. The combined land parcel has a cumulative estimated development potential of 5.8 lakh sq ft carpet area, with around 3.65 la...

Sales volume for the quarter stood at 2.01 msft, up by 89% y-o-y, with a strong collection of Rs 879 crores (+70% Y-o-Y).