Puravankara Limited has announced the launch of Purva Silversky, a premium residential development in Electronic City, Bengaluru, marking another significant addition to the company's portfolio in one of the city's most established technology corridors.

Project Overview and Specifications

Purva Silversky spans approximately 6.99 acres in Hebbagodi, Electronic City, off Hosur Road. The development comprises 356 exclusive residences distributed across three iconic 32-storey towers, positioned as a low-density project with just four residences per floor to enhance privacy and openness.

Residential Offerings and Pricing

The project features expansive 3, 4 & 5 BHK residences, along with select larger-format homes. Unit sizes range from approximately 1,864 sq ft to over 5,300 sq ft, with each residence designed to maximise natural light, ventilation, and spatial efficiency. The homes feature premium finishes, private decks, and 270-degree open views to deliver enhanced living experiences.

*Excluding statutory and other charges

Amenities and Lifestyle Features

Purva Silversky emphasises holistic wellbeing and community living through comprehensive amenities:

• 17,700 sq ft clubhouse with curated facilities
• Over 45 lifestyle amenities spread across a 1.7-acre elevated podium
• Landscaped open spaces with serene forest walkway
• More than 200 trees integrated into the development
• Amenities focused on wellness, leisure, recreation, and everyday living

Strategic Location and Connectivity

The development enjoys excellent connectivity to major IT hubs, corporate parks, educational institutions, healthcare facilities, and retail destinations. Key location advantages include:

• Proximity to over 15 IT parks within a 10-minute radius
• Just 900 metres from Huskur Metro Station
• Located in Electronic City, a mature residential destination with robust infrastructure
• Strong employment drivers and sustained end-user demand in the area

Management Commentary

Ashish Puravankara, Managing Director, Puravankara Limited, commented: "Purva Silversky reflects our continued commitment to creating thoughtfully designed homes in locations that offer strong long-term value. Electronic City has evolved into a mature residential destination with robust infrastructure, strong employment drivers, and sustained end-user demand, making it an ideal setting for a premium, low-density development."

Mallanna Sasalu, CEO – South, Puravankara Limited, added: "Purva Silversky, located within Bengaluru's established Electronic City corridor, caters to the evolving needs of today's homebuyers by bringing living spaces closer to the workplace. With several large companies nearby, the project enables shorter commutes, allowing residents to better balance their productivity and personal lives, while also offering strong connectivity to the larger parts of the city."

The project is expected to cater primarily to end-users seeking spacious, well-designed homes with strong connectivity and a holistic lifestyle offering in one of Bengaluru's key growth corridors.

Source:

Puravankara Limited has successfully completed the allotment of its third tranche of non-convertible debentures (NCDs), raising ₹150 crores through private placement on February 13, 2026. This development represents a significant milestone in the company's ongoing fund-raising initiative, which was initially approved by the board in May 2025.

NCD Allotment Details

The Management Sub-Committee of the Board approved the allotment through a Circular Resolution dated February 13, 2026. The company has issued 1,500 NCDs to identified investors under this third tranche.

Fund Raising Program Overview

This allotment forms part of Puravankara's broader fund-raising strategy approved on May 16, 2025. The overall program allows the company to raise funds through NCD issuance on a private placement basis.

Instrument Characteristics

The NCDs carry specific features designed for private placement investors. These debentures are structured as senior, secured instruments with a defined maturity period.

Key Features:

• Tenure: 60 months from the deemed date of first allotment (June 20, 2025)
• Security: Secured against company assets
• Redemption: Redeemable at maturity
• Convertibility: Non-convertible
• Listing: Will not be listed on any stock exchange

Regulatory Compliance

The allotment has been conducted in full compliance with regulatory requirements. Puravankara has made the necessary disclosures under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company has informed both BSE Limited (Stock Code: 532891) and National Stock Exchange of India Limited (Stock Code: PURVA) about this development, ensuring transparency and adherence to listing obligations. Company Secretary and Compliance Officer Sudip Chatterjee has signed the regulatory filings, confirming the completion of all procedural requirements.