Puravankara Ltd

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. Powered by Capital Market - Live

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. Powered by Capital Market - Live

Net Loss of Puravankara reported to Rs 41.79 crore in the quarter ended September 2025 as against net loss of Rs 16.78 crore during the previous quarter ended September 2024. Sales rose 30.00% to Rs 644.20 crore in the quarter ended September 2025 as against Rs 495.54 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales644.20495.54 30 OPM %16.1322.60 - PBDT-46.133.22 PL PBT-56.65-4.78 -1085 NP-41.79-16.78 -149 Powered by Capital Market - Live

Net Loss of Puravankara reported to Rs 36.21 crore in the quarter ended September 2025 as against net loss of Rs 25.29 crore during the previous quarter ended September 2024. Sales rose 21.44% to Rs 334.40 crore in the quarter ended September 2025 as against Rs 275.37 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales334.40275.37 21 OPM %3.943.56 - PBDT-44.79-29.33 -53 PBT-47.78-32.41 -47 NP-36.21-25.29 -43 Powered by Capital Market - Live

Puravankara will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

According to the company's exchange filing, the order involves the construction of core and shell with finishes for the proposed residential project, SBR Global Queen's Ville, for SBR Builders. The total order value is Rs 211.53 crore and the company stated that the project will be executed as per the terms outlined in the LOA. The company clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. It further confirmed that the transaction does not qualify as a related-party transaction under applicable regulations. The official announcement was made on Friday, 24 October 2025, after market hours. 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 net loss of Rs 85.82 crore in Q1 FY26 compared with net loss of Rs 6.59 crore in Q1 FY25. Net sales fell 41.1% YoY to Rs 541.57 crore in Q1 FY26. The counter declined 1.07% to Rs 278 on the BSE. Powered by Capital Market - Live

The acquisition was made through its wholly owned subsidiary, Purva Blue Agate. The project, spread across 1.43 acres, offers a development potential of 0.7 million square feet, aiming to deliver premium new homes for existing residents along with a significant portion earmarked for sale. The estimated revenue potential of the project stands at Rs 2,700 crore, positioning it as a landmark luxury development in South Mumbai. The company clarified that its promoters, promoter group, and group companies have no interest in the awarding entity and confirmed that the transaction does not qualify as a related party transaction under applicable regulatory norms. Ashish Puravankara, managing director, Puravankara, said, 'We are delighted to make our foray into Malabar Hill, one of Mumbai's most prestigious addresses. This redevelopment project reflects our commitment to creating world-class homes while contributing to the evolving urban fabric of India's financial capital. With its location, scale, and luxury positioning, this project is in perfect alignment with our strategy of expanding into key strategic markets across the city.' 'The addition of Malabar Hill further strengthens our Mumbai portfolio and underscores our growing role in the city's redevelopment story. This is our second major redevelopment in South Mumbai after the Miami Apartments at Breach Candy. With a sharp focus on design excellence, transparency, and timely delivery, we continue to be the trusted partner for societies embarking on redevelopment. With this acquisition, our redevelopment portfolio in Mumbai now stands at 4.25 million square feet, with a potential GDV of Rs 10,500 crores,' said Rajat Rastogi, CEO - West & Commercial Assets, Puravankara. 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 net loss of Rs 85.82 crore in Q1 FY26 compared with net loss of Rs 6.59 crore in Q1 FY25. Net sales fell 41.1% YoY to Rs 541.57 crore in Q1 FY26. Powered by Capital Market - Live

Puravankara announced that the 39th Annual General Meeting(AGM) of the company will be held on 29 September 2025.Powered by Capital Market - Live

Net loss of Puravankara reported to Rs 67.68 crore in the quarter ended June 2025 as against net profit of Rs 15.13 crore during the previous quarter ended June 2024. Sales declined 20.34% to Rs 524.40 crore in the quarter ended June 2025 as against Rs 658.33 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales524.40658.33 -20 OPM %12.7219.82 - PBDT-79.9329.01 PL PBT-90.0821.52 PL NP-67.6815.13 PL Powered by Capital Market - Live

The scope of the project includes civil construction works for the commercial development 'Luxon,' located in the Doddanekundi Industrial Area, Whitefield, Bengaluru, Karnataka. The said order is worth Rs 83.51 crore. 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 net loss of Rs 85.82 crore in Q1 FY26 compared with net loss of Rs 6.59 crore in Q1 FY25. Net sales fell 41.1% YoY to Rs 541.57 crore in Q1 FY26. The counter declined 1.31% to settle at Rs 279.30 on the BSE.Powered by Capital Market - Live