Puravankara

Puravankara Limited secured redevelopment rights for three residential societies in Bangur Nagar, Goregaon West, Mumbai, spread across 4.68 acres with developable potential of about 1.05 million sq ft and estimated gross development value of ₹2,600 crore. The project was the company's eighth redevelopment project in Mumbai, where its redevelopment portfolio represented potential gross development value of about ₹17,500 crore. It followed business development additions of ₹15,200 crore of gross development value in FY26 and ₹5,200 crore in the first quarter of FY27, including a 6.4-acre Sarjapur joint development with ₹1,000 crore value and a 9.73-acre North Bengaluru outright purchase with ₹800 crore value. The company reported consolidated revenue from operations of about ₹3,740 crore and presales of ₹7,407 crore in FY26, and guided presales of ₹11,200 crore for FY27. Net debt stood at ₹2,836 crore with a net debt-to-equity ratio of 1.57 times at 30 June 2026.

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Puravankara entered into a joint development agreement for a 7.83-acre residential land parcel in south-east Bengaluru, with estimated GDV of ₹1,100 crore and saleable area of about 0.89 msft. The site was near the Electronic City employment corridor and had access to Hosa Road, Hosur Road and the operational Yellow Line of the Namma Metro. It was Puravankara's fifth Bengaluru land transaction in FY27, taking cumulative additions to around 49.76 acres, ₹6,300 crore of potential GDV and 5.12 msft of saleable area. The company had about 35.14 msft of ongoing projects and FY26 consolidated revenue from operations of roughly ₹3,850 crore.

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Aug 25 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD- ENTERS JDA FOR 7.83-ACRE LAND PARCEL IN SOUTH-EAST BENGALURU WITH 11 BILLION RUPEES GDV POTENTIAL

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Puravankara's wholly owned subsidiary Starworth Infrastructure & Construction received a ₹175 crore Letter of Intent from Red Connect Private Limited for civil and structural works at the Ritz Carlton project in MRC Nagar, Chennai. The domestic project was to be executed over 32 months, with the contract value excluding GST. Puravankara reported consolidated revenue from operations of about ₹3,850 crore for FY26. Its FY27 pre-sales guidance stood at ₹11,200 crore, with a stated debt-reduction target of ₹700 crore.

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Aug 21 (Reuters) - Puravankara Ltd PURA.NS:

• UNIT RECEIVES LOI FOR RITZ CARLTON PROJECT IN CHENNAI VALUED AT 1.75 BILLION RUPEES

Source text: ID:nBSE3pJdsw

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Puravankara provided a corporate guarantee of up to ₹199.99 crore to RBL Bank for term-loan and credit facilities availed by its wholly owned subsidiary, Provident Housing. The guarantee was a contingent liability for Puravankara, with no current impact on the listed entity. Puravankara's consolidated net debt stood at ₹2,836 crore after ₹574 crore was deployed towards land, advances and deposits in the June quarter. Management had guided to ₹700 crore of debt reduction in FY27 while balancing new business development against deleveraging.

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Aug 14 (Reuters) - Puravankara Ltd PURA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 252.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.49 BILLION RUPEES

Source text: ID:nnAZN4TE9PC

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Puravankara entered into a definitive agreement to sell its commercial property, Purva Zentech, to ICICI Prudential AMC for an enterprise value of ₹625.94 crore. Of the consideration, ₹145 crore will come from the sale of SPV shares, with the rest realised through balance‑sheet adjustments. Separately, the company reported a 28% year‑on‑year rise in pre‑sales to ₹1,439 crore for the quarter ended June 2026, while collections surged 40% to ₹1,199 crore. Average price realisation improved 18% to ₹10,589 per sq ft, and 0.94 million sq ft was handed over. Puravankara also confirmed four land transactions during the quarter with a cumulative gross development value of ₹5,200 crore, strengthening its project pipeline. Managing Director Ashish Puravankara said the results put the firm on track to achieve its ₹11,200 crore sales guidance for FY27.

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** Shares of Puravankara PURA.NS jump 14% to 257 rupees

** Set for biggest daily rise since April 2024

** Indian real estate co's Q1 pre-sales climb 28% y/y while collections were up 40% y/y, driven by healthy customer demand and timely project execution

** Co also signed a definitive agreement with ICICI Prudential AMC IICL.NS to sell its commercial property, Purva Zentech, in a deal valued at 6.26 billion Indian rupees ($65.33 million)

** More than 7.1 million shares traded, nearly 50x the 30-day avg

** Stock up 7.4% YTD

($1 = 95.8150 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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Puravankara Limited entered into a joint development agreement for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated gross development value of ₹1,000 crore. The project will yield approximately 0.8 million square feet of residential development and is slated to cater to the growing demand in this emerging corridor. The site offers connectivity to Sarjapur Road, the Outer Ring Road, and the Electronic City employment hub. With this deal, Puravankara’s cumulative land additions through acquisitions and JDAs in the first quarter of FY27 reached an estimated GDV of ₹5,200 crore across four transactions. Managing Director Ashish Puravankara stated that Bengaluru remains a priority market and that the company is focused on securing quality land parcels backed by infrastructure and employment density. CEO Mallanna Sasalu highlighted that the mix of outright purchases and capital‑efficient joint developments reflects a disciplined growth strategy.

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June 26 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - TO SELL ENTIRE SHAREHOLDING IN PURVA RUBY PROPERTIES

• PURAVANKARA LTD - TO SELL ENTIRE SHAREHOLDING IN PURVA RUBY PROPERTIES FOR 1.45 BILLION RUPEES

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Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru with an estimated gross development value of ₹800 crore. The outright purchase is expected to yield approximately 0.89 million square feet of residential development. The site lies in the Devanahalli corridor, which is benefiting from infrastructure projects including the Airport Metro, Satellite Town Ring Road, and the Aerospace Park. The acquisition follows other recent land deals in Bengaluru micro-markets such as Mandur and Hennur Road, and aligns with the company's strategy to strengthen its pipeline through disciplined capital allocation and faster launches.

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June 17 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA - BUYS 9.73-ACRE LAND PARCEL IN NORTH BENGALURU

• PURAVANKARA - ACQUIRED LAND HAS POTENTIAL GROSS DEVELOPMENT VALUE OF 8 BILLION RUPEES

Source text: ID:nNSEKrtVt

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June 1 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA - SIGNS JDA FOR LAND WITH GDV OF 11 BILLION RUPEES

Source text: ID:nBSE8VsMws

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May 25 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - SECURES 14.57-ACRE LAND IN BENGALURU WITH GDV OF 23 BILLION RUPEES

Source text: ID:nBSESKTWL

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May 20 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - STARWORTH INFRASTRUCTURE RECEIVES LOI FOR EMBASSY EDEN, BENGALURU, CONTRACT VALUE 1.33 BILLION RUPEES

Source text: ID:nBSE1NlHhh

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** Shares of Puravankara PURA.NS rise 12.9% to 240.9 rupees; highest intraday pct rise since April 2024

** Shares reach highest level in over a month

** Real estate developer's posts March-qtr profit of 1.14 billion rupees compared to a loss of 855 million rupees a year ago

** Co's rev from ops nearly triples to 15.02 billion rupees

** More than 3.2 million shares change hands vs 30-day average of 1.3 million shares

** YTD, stock up 0.6%

(Reporting by Mridula Kumar in Bengaluru)

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May 18 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA MARCH-QUARTER CONSOL NET PROFIT 1.1 BILLION RUPEES

• PURAVANKARA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 15.02 BILLION RUPEES

Source text: ID:nBSE9T9jjg

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May 12 (Reuters) - Puravankara Ltd PURA.NS:

• STARWORTH INFRASTRUCTURE GETS LOI FOR WESTIN HOTEL PROJECT WORTH 578.1 MILLION RUPEES

Source text: ID:nBSE5pf2MZ

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May 4 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - RECEIVES FAVOURABLE APPELLATE ORDERS ALLOWING TAX DEDUCTION

• PURAVANKARA - CERTAIN TAX LIABILITIES REDUCED BY TOTAL OF 277.5 MILLION RUPEES

Source text: ID:nBSE8wjX2y

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April 29 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD- GETS ORDER WORTH 1.44 BILLION RUPEES

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April 13 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - Q4FY26 SALES AT 35.47 BILLION RUPEES, UP 190% YOY

• PURAVANKARA LTD - TO LAUNCH 30 PROJECTS OVER NEXT 24 MONTHS WITH GDV OVER 550 BILLION RUPEES

Source text: ID:nNSEfGfL6

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April 1 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD- GETS TAX DEMANDS OF 393.4 MILLION RUPEES FOR AY2016-17 AND 125.3 MILLION RUPEES FOR AY 2017-18

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By Chandini Monnappa

BENGALURU, March 25 (Reuters) - Puravankara PURA.NS has seen enquiries at its Middle East office rise by up to 60% in recent weeks as the real estate developer launches new projects and Indians show renewed interest in investing back home with regional tensions rising, an executive said.

The builder also unveiled plans on Wednesday to launch 30 projects primarily across South India and Mumbai over the next 24 months, with a gross development value of more than 550 billion rupees ($5.85 billion).

The company's Middle East sales office typically receives 150–200 enquiries per week, but volumes have picked up, led largely by buyers who had deferred purchase decisions months earlier, Managing Director Ashish Puravankara told Reuters.

Dubai has in recent years attracted wealthy Asians with favourable policies, driving a property boom. But some are taking steps to move assets to Singapore and Hong Kong, advisers and lawyers said, as the war clouds the Gulf's safe-haven image.

Puravankara, though, cautioned against drawing long‑term conclusions, expecting Dubai to "bounce back."

"This is an unprecedented situation," the executive said, adding that people tend to pause decision‑making during wars, and recent events should not be taken as an indication of how Dubai's real estate market will fare in the long term.

Puravankara also said it "should be able to absorb" a rise in input costs from crude-linked materials such as cement, paints and plastics.

($1 = 93.9820 Indian rupees)

(Reporting by Chandini Monnappa in Bengaluru; Writing by Praveen Paramasivam in Chennai; Editing by Ronojoy Mazumdar)

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March 18 (Reuters) - Puravankara Ltd PURA.NS:

• UNIT GETS REGISTRATION CERTIFICATE FROM MAHA RERA FOR LAUNCH OF TOWER D IN EXISTING PROJECT

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March 17 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA LTD - STARWORTH INFRASTRUCTURE RECEIVES LETTER OF INTENT FOR RUBY BLOCK PHASE I AT VIT VELLORE

• PURAVANKARA LTD - CONTRACT VALUE IS 2.80 BILLION RUPEES EXCLUDING GST

Source text: ID:nBSE6h0WNW

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March 13 (Reuters) - Puravankara Ltd PURA.NS:

• RECEIVES KRERA REGISTRATION FOR NORTHERN LIGHTS BY PURAVANKARA KVN PROJECT

Source text: ID:nNSE5N1x4F

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March 9 (Reuters) - Puravankara Ltd PURA.NS:

• ENTERS JOINT DEVELOPMENT PROJECT ON HENNUR ROAD, BENGALURU WITH GDV OVER 13 BILLION RUPEES

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Feb 19 (Reuters) - Puravankara Ltd PURA.NS:

• LAUNCHES PREMIUM RESIDENTIAL DEVELOPMENT IN ELECTRONIC CITY, BENGALURU

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Feb 12 (Reuters) - Puravankara Ltd PURA.NS:

• PURAVANKARA DEC-QUARTER CONSOL NET PROFIT 583.4 MILLION RUPEES

• PURAVANKARA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.69 BILLION RUPEES

• PURAVANKARA LTD - REAPPOINTS ASHISH RAVI PURAVANKARA AS MD FOR 5 YEARS

• PURAVANKARA LTD - APPROVED MERGER OF IBID HOME PRIVATE LIMITED AND PURVA WOODWORKS PRIVATE LIMITED

Source text: ID:nBSE4fq2Q6

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