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Latest news about Puravankara

Puravankara's Q1FY26 Update: Pre-Sales Up 6%, Price Realization Grows 9% 1 day ago Yesterday

Puravankara's Q1FY26 operational update shows 6% YoY growth in pre-sales to Rs 1,124.00 crores, with 9% increase in average price realization. Customer collections reached Rs 857.00 crore. The company aims to complete 2.20 million sq ft of commercial projects this fiscal year. Puravankara expanded its portfolio with new acquisitions worth Rs 3,100.00 crores, indicating strong future growth potential in both residential and commercial segments.

Puravankara Secures 5.5-Acre Joint Development Project in East Bengaluru 2 days ago

Puravankara Secures Major Redevelopment Project in Mumbai's Chembur Area 3 days ago

Puravankara Ltd Secures Rs 2,100 Crore Redevelopment Projects in Mumbai's Chembur 3 days ago

More news about Puravankara

07Jul 25

Puravankara Secures ₹2,100 Crore Redevelopment Rights for 8 Mumbai Societies

Puravankara has obtained redevelopment rights for eight residential societies in Chembur, Mumbai. The project has a potential of 1.2 million square feet with an estimated gross development value (GDV) of ₹2,100.00 crore. This move expands Puravankara's western region portfolio to 14 million square feet with an expected GDV of ₹18,000.00 crore. The initiative focuses on urban renewal, addressing land scarcity and the need for modern housing in established neighborhoods.

18Jun 25

Puravankara's Subsidiary Lands ₹2.72 Billion Contract in Bengaluru

Puravankara's subsidiary, Starworth Infrastructure, has secured a Letter of Intent for a civil works contract in Bengaluru worth ₹2.72 billion. This contract is expected to strengthen Puravankara's position in the infrastructure development sector and diversify its portfolio beyond real estate. The project is likely to contribute positively to the group's revenue stream in upcoming quarters.

30May 25

Puravankara Ltd: Q4 Loss Widens as Revenue Drops 41%, FY25 Pre-sales Exceed ₹5,000 Crore

Puravankara faced challenges in Q4 FY25 with a net loss of ₹88.00 crore and a 41% YoY revenue decline to ₹541.60 crore. EBITDA fell 73% to ₹30.50 crore. Despite quarterly setbacks, FY25 pre-sales reached ₹5,006.00 crore with 5.67 million sq ft sold. The company expanded in western India, acquiring four projects with over ₹9,500.00 crore GDV potential and launched Purva Panorama in Thane with an estimated ₹4,000.00 crore GDV.

16May 25

Puravankara Set to Raise ₹300 Crore Through NCD Issuance

Puravankara's board has approved raising up to ₹300 crore through the issuance of Non-Convertible Debentures (NCDs). This move aims to enhance the company's liquidity, potentially finance projects, restructure debt, and signals market confidence in the real estate developer's financial health.

13May 25

Puravankara Ltd to Consider Rs 300-Crore NCD Fundraising in Upcoming Board Meeting

Puravankara Limited's board will meet on Friday to consider raising up to Rs 300 crore through the issuance of non-convertible debentures (NCDs). The proposed NCDs would be secured, redeemable, unlisted, and unrated, with a face value of Rs 10 lakh each, to be offered via private placement. This move could potentially impact the company's capital structure and provide funds for various purposes including new projects or debt refinancing.

12May 25

Puravankara Group Expands Footprint with Major Joint Venture in North Bengaluru

Puravankara Group has entered a joint venture to develop a 24.59-acre land parcel in North Bengaluru. The project has a potential Gross Development Value of over ₹3,300 crores. This strategic move expands Puravankara's presence in Bengaluru's growing real estate market, particularly in the northern region known for its expanding IT corridors and improved infrastructure. While specific project details are yet to be disclosed, the large land area suggests potential for a significant residential or mixed-use development.

09May 25

Puravankara Group Ventures into Major Land Development in North Bengaluru

Puravankara Group has formed a joint venture for a 24.59-acre land parcel in North Bengaluru. The project has a potential Gross Development Value of over ₹3,300 crores. This strategic move expands Puravankara's presence in Bengaluru's dynamic real estate market, indicating strong demand in the sector. The large-scale development could include a mix of residential and commercial spaces.

30Apr 25

Puravankara to Consider ₹300 Crore Fund Raise via Debentures

Puravankara Limited has announced a board meeting for May 6, 2025, to discuss raising funds through the issuance of non-convertible debentures. The company plans to consider issuing up to 3,000 secured, redeemable, unlisted, and unrated NCDs with a face value of ₹10 lakh each, potentially raising ₹300 crore through private placement. The fund-raising will comply with relevant regulations and is subject to necessary approvals.

22Apr 25

Puravankara Sets Ambitious Target: ₹9000 Crore GDV Projects Planned for FY26

Puravankara Limited has announced plans to launch real estate projects with a Gross Development Value (GDV) of at least ₹9000 crore in fiscal year 2026. This ambitious target, revealed by a company executive to CNBC TV18, signifies Puravankara's confidence in the market and its growth strategy. The substantial GDV indicates the scale of upcoming projects and their potential impact on the company's future revenue and the broader real estate market.

16Apr 25

Puravankara Reports Robust Growth: 9% YoY Increase in Collections for FY25

Puravankara Limited announced its Q4FY25 and FY25 operational update, showing robust financial performance. FY25 collections reached Rs 3,937.00 crores, up 9% year-over-year. Pre-sales for FY25 were Rs 5,006.00 crores, with Q4FY25 at Rs 1,282.00 crores. Sustenance sales grew 22% to Rs 4,223.00 crores. The company invested over Rs 1,300.00 crores in land acquisition during FY25, securing land with 8 million sq.ft. area and an estimated GDV of Rs 13,000.00 crores. For FY26, Puravankara plans to launch over 13 million sq.ft. of projects and anticipates OCs for projects totaling 3.95 million sq.ft. with a GDV of over Rs 3,200.00 crores.

04Apr 25

Puravankara's Subsidiary Secures ₹118.63 Crore Project for 'Ranka Ankura'

Puravankara Limited's wholly-owned subsidiary, Starworth Infrastructure and Construction Limited, has received a Letter of Intent for a ₹118.63 crore project named 'Ranka Ankura' from M/s. Ranka Properties Private Limited. The project, involving concrete and blockwork, was awarded on April 3, 2025. This development is expected to boost Puravankara's revenue and strengthen its position in the construction sector. The company has made necessary disclosures in compliance with SEBI regulations, confirming that the transaction is not related party and does not impact the management or control of the listed entity.

18Feb 25

Puravankara Boosts Stake in Sobha Puravankara Aviation to 89.49%

Puravankara Limited has increased its stake in Sobha Puravankara Aviation Private Limited (SPAL) from 49.95% to 89.49% by acquiring an additional 39.54% stake. The company purchased 37,80,000 equity shares at ₹0.10 per share, totaling ₹3,78,000. SPAL, operating in the chartered aircraft service industry, reported a turnover of ₹30,77,96,000 in FY 2023-24. The transaction, approved by Puravankara's Audit Committee and Board of Directors, is set to complete by February 19, 2025.