Puravankara Ltd

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

Starworth Infrastructure & Construction,  a wholly owned material subsidiary of Puravankara, has received a Letter of Indent for Rs. 83,51,50,254/- for Construction of Civil Works of Commercial Project 'Luxon' at Doddanekundi Industrial Area White Field Bangalore, Karnataka from M/s Krishil WhiteAlpha. Powered by Capital Market - Live

Puravankara will hold a meeting of the Board of Directors of the Company on 8 August 2025.Powered by Capital Market - Live

The company has achieved quarterly sales volume of 1.25 million square feet for Q1 FY26 when compared to 1.29 million square feet in Q1 FY25. The average price realisation improved by 9% YoY to Rs 8,988 per square feet in Q1 FY26 from Rs 8,246 per square feet in Q1 FY25. Puravankara has achieved quarterly customer collections from the real estate business of Rs 857 crore in Q1 FY26. It further stated that it is on track to complete 2.2 million square feet of commercial projects during this year. Ashish Puravankara, managing director, Puravankara, said: As we enter our 50th year of operations, we take pride in the trust we have earned and the milestones we have accomplished along the way. In Q1 FY26, despite no new launches we recorded a 6% year-on-year growth in pre-sales, reaching Rs 1,124 crore, and delivered strong collections driven by resilient sustenance sales, reflecting continued confidence from homebuyers in our projects. We are particularly excited about the momentum in our redevelopment strategy in Mumbai, where we have been recently selected as preferred developer to redevelop eight housing societies in Chembur, Mumbai, unlocking a GDV potential of over Rs 2,100 crore. Further, we have entered into a joint development agreement for a 5.5-acre land parcel in East Bengaluru, with a GDV potential of over Rs 1,000 crore. These initiatives reflect our sharp focus on strengthening our presence in key micro-markets and driving long-term value creation. 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 scrip declined 2.01% to currently trade at Rs 285.05 on the BSE. Powered by Capital Market - Live

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. Powered by Capital Market - Live

 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. Powered by Capital Market - Live

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 LimitedPowered by Capital Market - Live