Puravankara has completed 74 projects measuring over 42 million square feet area and over 22 million square feet of projects are under development.
Bengaluru-based developer Puravankara has initiated a similar increase in prices
This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.
Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai
Listed players such as Brigade, Sobha, Puravankara seek reduction across all budget segments
Realty firm Puravankara Ltd has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore
Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market
Players such as Puravankara, Salarpuria Sattva in talks to develop data centres in top metros
It has tied up with Morgan Stanley as a JV partner for the warehousing business and will be concentrating on Bengaluru followed by Mumbai, Hyderabad, Chennai and Pune
In these three housing projects, Puravankara would develop a total of 1,460 units with a built up area of 2.2 million sq ft and an estimated cost of around Rs 850 crore.
Puravankara launches Purva Atmosphere which will have a 40 feet high tower to purify 32 million cubic metres of air per day
Puravankara reported a 39% fall in its consolidated net profit at Rs 21.14 crore for the quarter to September
The stock up 16% to Rs 49.85 after the company posted a 56% YoY increase in consolidated net profit