Puravankara Ltd Share Price – NSE /  BSE

Realty, Small Cap

Puravankara has provided a Corporate Guarantee to Starworth Infrastructure & Construction, wholly owned subsidiary of the Company, for enhancement of credit facilities of Rs. 50 crore in favour of Axis Bank.

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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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