Puravankara Ltd Share Price – NSE  / BSE

Realty, Small Cap

According to the company?s exchange filing, the contract covers the turnkey construction of civil works, finishes, MEP services, and external development for Varnam Phase 1 at the One Bangalore Luxury Project (OBLP), located in Akalehahalli-Mallenhalli Village, Kasaba Hobli, Bengaluru Rural District, Karnataka.

The order will be executed within 36 months. The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding entity, confirming that the transaction does not qualify as a related-party deal under regulatory norms.

The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with a pan-India presence. Over the past five decades, the company has established three distinct and successful residential brands ? Puravankara, Provident Housing (PHL), and Purva Land - catering to the entire spectrum of housing and plotted development needs.

The company reported a consolidated net loss of Rs 41.79 crore in Q2 FY26 as against net loss of Rs 16.78 crore in Q2 FY25. Net sales jumped 30% year on year to Rs 644.20 crore in Q2 FY26.

Shares of Puravankara shed 0.43% to Rs 244.25 on the BSE.

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Puravankara has allotted 750 unlisted, unrated, senior, secured, redeemable, non-convertible debentures of face value of Rs 10,00,000 each, aggregating up to Rs 75 crore as second tranche, by way of a private placement basis on 20 November 2025.

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Puravankara announced the signing of an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru.

 Purva Zentech Park is a mixed-use commercial development with approximately 9.6 lakh square feet of leasable and saleable area. Typical floor plates are approximately 50,000 square feet, with modular units ranging from 4,500 to 5,000 square feet available for lease or sale. Strategically located within a five-minute walk from both the Konankunte Metro Station and Forum Mall, the project is a sustainable, Indian Green Building Council (IGBC) Gold development, designed to accommodate large-format tenants as well as mid-sized occupiers. The development is currently under construction and is slated for completion by early 2026.

IKEA will occupy the first and second floors of the development, which are designated for retail use. The space is expected to be handed over next year in Q1 of calendar year 2026, with operations scheduled to commence thereafter. Colliers' office services team was the advisor on this transaction.

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Purva Zentech Park is a mixed-use commercial development with approximately 9.6 lakh sq ft of leasable and saleable space. Each floor plate spans roughly 50,000 sq ft, with modular units of 4,500?5,000 sq ft available for lease or sale. Strategically located just a five-minute walk from Konankunte Metro Station and Forum Mall, the project is IGBC Gold-certified and designed to accommodate both large-format tenants and mid-sized occupiers.

The development, currently under construction, is scheduled for completion by early 2026. IKEA will occupy the first and second retail floors, with handover expected in Q1 2026 and operations to commence shortly thereafter. Colliers? office services team acted as the advisor on the transaction.

The agreement underscores Puravankara?s focus on premium commercial leasing and strengthens Bengaluru?s position as a hub for organized retail.

Rajat Rastogi, CEO- West & Commercial Assets, Puravankara, added, ?We are excited to onboard IKEA at Purva Zentech Park. Their decision to occupy retail space of more than 1.2 lakh square feet of leasable area across two floors is a strong endorsement of the project?s strategic location, smart design, and adaptable retail layout.

With Bengaluru?s leasing activity showing consistent growth, especially in the southern corridor, we are confident the project will become a vibrant hub for both business and lifestyle. IKEA?s presence marks a significant beginning and will play a key role in shaping the project?s appeal and tenant mix.?

The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with a pan-India presence. Over the past five decades, the company has established three distinct and successful residential brands ? Puravankara, Provident Housing (PHL), and Purva Land - catering to the entire spectrum of housing and plotted development needs

The company reported consolidated net loss of Rs 41.79 crore in Q2 FY26 as against net loss of Rs 16.78 crore in Q2 FY25. Net sales jumped 30% year on year to Rs 644.20 crore in Q2 FY26.

Shares of Puravankara fell 2.15% to Rs 255.15 on the BSE.

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