Puravankara Ltd Share Price – NSE /  BSE

Realty, Small Cap

The acquisition aligns with the company?s strategic vision to expand its footprint in key Bengaluru micro-markets that feature robust infrastructure, excellent connectivity, and sustained residential demand.

The land parcel offers a total saleable area of approximately 0.83 million square feet. Located in Balagere, East Bengaluru, the site benefits from strong and consistent market demand due to its proximity to major IT hubs and well-established social and physical infrastructure. The project is expected to launch within the next six to nine months.

Ashish Puravankara, managing director, Puravankara, said, ?This joint development underscores our sustained growth strategy and reaffirms our confidence in East Bengaluru, one of the city?s most dynamic and promising micro-markets. The scale and location of this project are ideal for an ultra-luxury offering tailored for individuals seeking a refined lifestyle that mirrors their success. It aligns with our broader vision of creating high-quality, community-focused housing across Bengaluru?s emerging corridors.?

Mallanna Sasalu, CEO ? South, Puravankara, added, ?Balagere has emerged as a highpotential residential micro-market, driven by its proximity to key IT hubs and well-established infrastructure. This project, structured under a Joint Development Agreement (JDA), reflects our capital-efficient approach to growth. The micro-market has demonstrated steady sales and rental demand, reduced market risk and support for faster inventory take-off. We expect to bring the project to market in the next 6-9 months and are confident it will be a strong addition to our expanding portfolio.?

Puravankara, headquartered in Bengaluru, is one of India?s most admired and trusted real estate developers. The company has established three distinct and successful residential brands ? Purva, 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 75.89 crore in Q4 FY25 as against net profit of Rs 6.50 crore posted in Q4 FY24. Net sales tanked 63.9% year on year to Rs 155.21 crore in Q4 FY25.

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 Puravankara Group has announced the joint development of a 5.5-acre land parcel in East Bengaluru, with a combined estimated gross development value (GDV) of over Rs 1,000 crore.

The acquisition aligns with the company's strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, excellent connectivity, and sustained residential demand.

The land parcel offers a total combined saleable area of 0.83 million square feet. Located in Balagere, East Bengaluru, the site enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure.

The project is expected to be launched in the next six to nine months.

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Puravankara has been selected as the developer for the redevelopment of eight residential societies in Chembur, Mumbai and received the order from following societies:

1. Sahyagiri Co-operative Housing Society Limited
2. Rainbow Co-operative Housing Society Limited
3. Deonar Hill View Co-operative Housing Society Limited
4. Deonar Gulmohar Co-operative Housing Society Limited
5. Deonar Madhuban Co-operative Housing Society Limited
6. Sunbeam Co-operative Housing Society Limited
7. Deonar Avanti Co-operative Housing Society Limited
8. Deonar Parijat Co-operative Housing Society Limited

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The project marks a key milestone for the company, unlocking a total development potential of over 1.2 million sq ft, spread across approximately 4 acres. The estimated gross development value (GDV) of the project stands at Rs 2,100 crore, Puravankara said in a regulatory filing.

This announcement follows Puravankara?s recent acquisition of development rights for marquee redevelopment projects in Breach Candy, Pali Hill, and Lokhandwala in Mumbai.

These strategic wins underscore the company?s growing footprint in the western region?s redevelopment segment, reinforcing its commitment to revitalising urban spaces with quality and integrity.

Ashish Puravankara, Managing Director, Puravankara, said, ?Securing marquee redevelopment projects in highly sought-after Mumbai neighbourhoods such as Breach Candy, Pali Hill, Lokhandwala, and now Chembur is a strong validation of the trust, discerning societies and residents place in the Puravankara brand. What distinguish us is not just our vision, but also our design-led approach and unwavering focus on quality.

Now with 11 projects across Mumbai and Pune, spanning approximately 14 million square feet, including 3.6 million square feet in redevelopment, we are committed to strengthening our footprint in the western region. The region is expected to contribute a GDV of approximately Rs 18,000 crore, of which approximately Rs 7,700 crore will come from redevelopment alone.?

Rajat Rastogi, CEO-West and Commercial Assets, Puravankara, added, We are honoured to be selected as the developer to redevelop eight societies in Chembur. After receiving a phenomenal response for our existing project in Chembur (Purva Clermont), our expansion in this micro-market will strengthen our footprint further.

As we celebrate our Golden Jubilee year, this achievement not only reinforces our position as a trusted partner in the redevelopment space but also strengthens our presence in Mumbai?s vibrant and competitive real estate market. We remain committed to driving innovation and delivering value to all stakeholders, residents, partners, and the communities we serve.

Puravankara, headquartered in Bengaluru, is one of India?s most admired and trusted real estate developers. The company has established three distinct and successful residential brands ? Purva, Provident Housing Limited (PHL) and Purva Land, catering to the entire spectrum of housing and plotted development needs.

The company reported consolidated net loss of Rs 75.89 crore in Q4 FY25 as against net profit of Rs 6.50 crore posted in Q4 FY24. Net sales tanked 63.9% year on year to Rs 155.21 crore in Q4 FY25.

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