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More about the Builder - Puravankara Limited
Puravankara Limited: Leading the Way in Indian Real Estate
Puravankara Limited is one of India’s largest, most trusted publicly held real estate developers. Founded in 1975 by Ravi Puravankara, the company is headquartered in Bengaluru and celebrates 50 years of operations. Listed on both the National Stock Exchange (NSE: PURVA) and Bombay Stock Exchange (BSE), the company has an established track record. They have delivered over 80 residential and commercial projects encompassing more than 45 million square feet across India.
Core Business Brands
The developer operates under three distinct brand names to target specific real estate markets:
- Puravankara: Focuses on luxury and premium residential spaces integrated with smart-home features and technology.
- Provident Housing Ltd.: A wholly-owned subsidiary launched in 2008 catering to the mid-income and premium affordable housing market.
- Purva Land: Launched in 2021 to specialize exclusively in plotted development communities.
Geographic Presence & Financial Standing
- Cities of Operation: Major developments are located in Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Kochi, Coimbatore, Goa, and Mangaluru. They also maintain international representative offices.
- Financial Stability: The company maintains strong financial credentials, backed by an A+ (Stable) credit rating from both ICRA and CRISIL.
- Associated Entities: Their business ecosystem includes Starworth Infrastructure and Construction Limited (SICL) for technology-driven building solutions and Purva Streaks for customized interior design solutions.
Prominent Signature Projects
- Purva Atmosphere (Thanisandra, Bengaluru): Known for its air filtration tower and smart living spaces.
- Purva Park Hill (Kanakapura Road, Bengaluru): A premium residential development featuring sky-high lifestyle amenities.
- Purva Clermont (Chembur, Mumbai): A collection of elite, wellness-focused private residences.
- Purva Somerset House (Guindy, Chennai): Luxury homes overlooking green vistas.