The newly acquired land parcel at Attibele Hobli is strategically located and has a saleablearea of 6.4 msft, with a potential gross development value of over ₹4,800 crore
Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru. In a regulatory filing on Monday, the company informed that it has signed 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. The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026. IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said. Real estate consultant Colliers' office services team was the advisor on this transaction. As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
Puravankara plans to invest ₹7,000 crore in upcoming residential projects expected to generate ₹15,000 crore in sales, expanding its presence beyond southern markets
At 10:45 AM, Puravankara share was trading 2.08 per cent higher at ₹292.25. In comparison, BSE Sensex was trading 0.42 per cent higher at 80,704.82 levels.
Puravankara shares logged their steepest intraday fall since June after reporting a loss of ₹68 crore in Q1FY26
Lower handovers and sales due to regulatory changes drag Puravankara into the red in Q1FY26 as revenue declines 20.3 per cent and net loss widens to Rs 68.55 crore
Realty firm Puravankara Ltd's sales bookings rose per cent to Rs 1,124 crore in the first quarter of this fiscal year on higher price realisation. In a regulatory filing on Friday, the company said it achieved sales value of Rs 1,124 crore for April-June quarter as against Rs 1,064 crore in the year-ago period. Sales volume dipped to 1.25 million sq ft from 1.29 million sq ft. However, the average price realisation increased to Rs 8,988 per sq ft from Rs 8,246 per sq ft. Puravankara has completed more than 90 projects measuring around 53 million sq ft across nine cities -- Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company has a land bank of 25 million sq ft and ongoing projects add up to 37 million sq ft.
Puravankara share price gained 4 per cent in trade, logging an intraday high at ₹299.7 per share after securing a redevelopment project of eight residential societies in Chembur, Mumbai
Puravankara shares 7 per cent after it bagged projects to redevelop eight societies in Mumbai, with a GDV of ₹2,100 crore