Puravankara Limited has officially announced the launch of Purva Silversky, a premium residential development in Electronic City, Bengaluru, through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement marks another significant addition to the company's portfolio in one of Bengaluru'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. The project includes a 17,700 sq ft clubhouse and more than 45 curated lifestyle amenities, spread across a 1.7-acre elevated podium, alongside landscaped open spaces and a serene forest walkway with more than 200 trees.

Strategic Location and Connectivity

The development enjoys excellent connectivity to major IT hubs, corporate parks, educational institutions, healthcare facilities, and retail destinations. Strategically located in one of Bengaluru's most established technology corridors, the project offers proximity to over 15 IT parks within a 10-minute radius and is just 900 metres from Huskur Metro Station, ensuring seamless access to key parts of the city.

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. Every element, from master planning and spatial design to amenities and materials, has been curated to balance architecture with nature, privacy with community, and functionality with aesthetics."

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.

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Puravankara Limited has delivered a strong financial performance for the third quarter of FY26, marking a significant turnaround from previous quarters. The real estate developer announced its unaudited results for the quarter ended December 31, 2025, showing robust growth across key financial metrics. Following the earnings announcement, the company has now made available the complete transcript of its earnings call held on February 13, 2026.

Financial Performance Overview

The company's consolidated performance demonstrated remarkable improvement across all major parameters:

Operational Highlights

During Q3 FY26, the company recorded presales of Rs. 1,414 crore, registering 17% year-on-year growth. The company achieved its highest ever quarterly collection of Rs. 1,140 crore, representing 22% year-on-year growth. Sales volume during the quarter stood at 1.49 million square feet, while average realization improved by 12% year-on-year to Rs. 9,500 per square foot.

Earnings Call Transcript Availability

Following regulatory requirements under SEBI LODR Regulations, the company has made the complete transcript of its Q3FY26 earnings call available to investors and analysts:

Management Commentary on Launch Pipeline

During the earnings call, Managing Director Ashish Puravankara highlighted the company's robust launch pipeline. For Q4 FY26, the company plans to launch projects worth approximately Rs. 6,700 crore across Mumbai and Bengaluru markets.

Mumbai Launch Pipeline

Bengaluru Launch Pipeline

Business Development Achievements

For the nine months ended December 31, 2025, the company added 5 new projects with 12.76 million square feet of potential development area and estimated gross development value of approximately Rs. 13,900 crore:

Debt Management and Cash Flow

CFO Neeraj Gautam highlighted the company's improved financial position with net debt at Rs. 2,482 crore as of December 31, 2025, representing a net debt-to-equity ratio of 1.47x. The company maintained strong liquidity with cash and bank balance of Rs. 1,082 crore. During Q3 FY26, the company generated an operating surplus of Rs. 64 crore, with nine-month operating surplus at Rs. 755 crore.

Commercial Assets Update

The company provided updates on its commercial portfolio during the earnings call. The Zentech project has sold 127,000 square feet and leased 90,000 square feet to IKEA. Both Zentech and Aerocity projects are expected to receive occupation certificates by end of March 2026. Once fully leased, both assets are projected to generate annual rental income of approximately Rs. 200 crore.

Future Outlook

Management expressed optimism about the sector outlook, supported by strong macroeconomic fundamentals, declining interest rates, and sustained end-user demand. The company expects to maintain a launch frequency of almost one project per month between West and South regions, leveraging the substantial business development investments made over the past 24 months.