Latest news with #Purva
Business Standard
11-07-2025
- Business
- Business Standard
Puravankara records 6% YoY rise in pre-sales to Rs 1,124 crore in Q1 FY26
Puravankara reported 6% increase in pre-sales to Rs 1,124 crore in Q1 FY26 from Rs 1,064 crore in Q1 FY25. 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 Indias 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.
Business Standard
10-07-2025
- Business
- Business Standard
Puravankara announces joint development of 5.5-acre land parcel in East Bengaluru
Puravankara has announced the joint development of a 5.5-acre land parcel in East Bengaluru, with an estimated gross development value (GDV) of over Rs 1,000 crore. The acquisition aligns with the companys 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 citys 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 Bengalurus 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 Indias 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.
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Business Standard
07-07-2025
- Business
- Business Standard
Puravankara to redevelop 8 Mumbai societies with ₹2,100 cr GDV potential
Bengaluru-based real estate major Puravankara is set to begin the redevelopment of eight residential societies in Chembur, Mumbai. This project marks a significant milestone for the company, unlocking a total development potential of over 1.2 million square feet across approximately 4 acres, with an estimated gross development value (GDV) of ₹2,100 crore. The announcement comes after Puravankara's earlier acquisitions of development rights for marquee redevelopment projects in Mumbai's Breach Candy, Pali Hill, and Lokhandwala. These strategic moves underscore the company's expanding footprint in the redevelopment space across the western region. Ashish Puravankara, Managing Director, Puravankara Limited, said: 'Securing marquee redevelopment projects in highly sought-after Mumbai neighbourhoods such as Breach Candy, Pali Hill, Lokhandwala, and now Chembur is a strong validation of the trust discerning societies and residents place in the Puravankara brand. What distinguishes us is not just our vision, but also our design-led approach and unwavering focus on quality.' Puravankara further stated that it now has 11 projects across Mumbai and Pune, spanning approximately 14 million square feet—including 3.6 million square feet under redevelopment. The company reaffirmed its commitment to strengthening its presence in the western region, which is expected to contribute a gross development value of around ₹18,000 crore, with approximately ₹7,700 crore coming from redevelopment projects alone. Over the past five decades, Puravankara has built three distinct residential brands—Purva, Provident Housing Limited (PHL), and Purva Land—catering to the full spectrum of housing and plotted development needs. As of March, Puravankara has delivered over 90 projects totalling ~53 million square feet across nine cities such as Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company holds a land bank of approximately ~25 million square feet, with ongoing projects covering around ~37 million square feet.
Business Standard
07-07-2025
- Business
- Business Standard
Puravankara jumps after bagging Chembur redevelopment project
Puravankara rallied 4.47% to Rs 295.75 after the company has selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. The project marks a key milestone for the company, unlocking a total development potential of over 1.2 million sq ft, spread across approximately 4 acres. The estimated gross development value (GDV) of the project stands at Rs 2,100 crore, Puravankara said in a regulatory filing. This announcement follows Puravankaras recent acquisition of development rights for marquee redevelopment projects in Breach Candy, Pali Hill, and Lokhandwala in Mumbai. These strategic wins underscore the companys growing footprint in the western regions redevelopment segment, reinforcing its commitment to revitalising urban spaces with quality and integrity. Ashish Puravankara, Managing Director, Puravankara, said, Securing marquee redevelopment projects in highly sought-after Mumbai neighbourhoods such as Breach Candy, Pali Hill, Lokhandwala, and now Chembur is a strong validation of the trust, discerning societies and residents place in the Puravankara brand. What distinguish us is not just our vision, but also our design-led approach and unwavering focus on quality. Now with 11 projects across Mumbai and Pune, spanning approximately 14 million square feet, including 3.6 million square feet in redevelopment, we are committed to strengthening our footprint in the western region. The region is expected to contribute a GDV of approximately Rs 18,000 crore, of which approximately Rs 7,700 crore will come from redevelopment alone. Rajat Rastogi, CEO-West and Commercial Assets, Puravankara, added, "We are honoured to be selected as the developer to redevelop eight societies in Chembur. After receiving a phenomenal response for our existing project in Chembur (Purva Clermont), our expansion in this micro-market will strengthen our footprint further. As we celebrate our Golden Jubilee year, this achievement not only reinforces our position as a trusted partner in the redevelopment space but also strengthens our presence in Mumbais vibrant and competitive real estate market. We remain committed to driving innovation and delivering value to all stakeholders, residents, partners, and the communities we serve." Puravankara, headquartered in Bengaluru, is one of Indias most admired and trusted real estate developers. The company has established three distinct and successful residential brands Purva, Provident Housing Limited (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.
Gulf Today
06-07-2025
- Entertainment
- Gulf Today
Author Purva Grover is on a mission to keep stories alive
There's a quiet and steady transformation unfolding in the UAE's literary scene. Book clubs are thriving. Books are showing up on Reels, in tote bags, and in aesthetic flat lays — often accompanied by cappuccinos and candles. But as the visual culture of reading grows, a question arises: are books mere props or are they inviting portals? Dubai-based author, journalist, and literary advocate Purva Grover, has been exploring this question. Since relocating to Dubai in 2012, she has worked tirelessly to preserve the spirit of reading — through her books (she has authored four so far), open mic poetry events, curated reading sessions, literary workshops, and her beloved neighbourhood book club. 'There's a hunger for genuine stories, for real literary experiences,' Purva says. 'That's the space I try to nurture.' This year, she revived her book club in Business Bay, Dubai, which had gone quiet and moved online during the pandemic. The club now meets twice a month at a coffee shop, diner, or lounge. Rules are simple: arrive as you are, read with an open heart, and speak your truth. The club's most recent session, its fifth of the year, left it deeply moved. The chosen read was Heart Lamp: Selected Stories by Banu Mushtaq, translated by Deepa Bhasthi — the title that recently won the International Booker Prize 2025. The timing was perfect. The group had serendipitously picked up the book - and was happy it had made the Longlist. When the prize was announced, it felt like a collective victory. 'As women and as readers, we were so proud,' says Purva. 'When the author replied to our book club post and replied to my message a few days before she left for the award ceremony, it felt deeply personal and was a big honour. It also spoke amply of the author's humility.' Their discussion around the book was anything but surface-level. From metaphors in The High-Heeled Shoe to the haunting cry in Heart Lamp, every story was dissected and absorbed. The conversations ranged further. One member spoke of starting a Kannada (Banu Mushtaq's native language) book club, and another reflected on how love sometimes felt like pressure. 'It wasn't just about the text — it was about life,' notes Purva. Over the years, her journey has been defined by her belief in the transformative power of words. Her latest book is #icouldhavebeenaninstapost (2024), an invitation to scroll through short shorts where one expresses 'unpretty' moments in an OTT Insta-friendly manner. Previously published were The Trees Told Me So (2017), a book of short stories, which draws a poignant picture of love, life, and loss; It was the year 2020 (2021), a fragmentary novel set in real-time, daring to speak of the pandemic waiting to take over lives, or whatever little was left of it; and She (2021), which made waves for its honest, relatable, and fun approach to the topic of womanhood. Purva is also known for her #abookaweek challenge (52 books a year) which motivates a reader, including herself, to read one book every week across genres. It is a quiet rebellion against distraction and literary alienation. Nisha Punjabi, homemaker, part-time poet, and a self-described dreamer of stories, says that 'during my first month in Dubai, I felt lonely. Then I joined the book club — and everything changed. It became a space where I found my voice, grew more confident, and felt heard. Over the past two years, I've read more books than ever — and gained friendships I cherish.' In 2021, Purva was honoured by the Dubai Culture & Arts Authority with the UAE's first-ever Golden Visa under the 'Class of Creators from the People of Culture and Art' — as an author. It was also an acknowledgement of her contributions to the region's storytelling landscape. But she says she is far from done. She continues to visit venues across the UAE to host storytelling sessions, book readings, and workshops for children and adults. 'I want to continue creating spaces where people can gather around stories — on stage, in classrooms, in cafés, in libraries, or under the stars,' she says. She has organised various sessions with Dubai Public Libraries, UAE schools and corporates, among others. With a background in journalism, public speaking and theatre, she brings structure and soul to her initiatives. She believes that storytelling is not just an art — it is a form of community care. Her sessions are more than just readings; they are invitations to reflect. She puts it this way: 'Literature isn't about perfection. It's about presence. One page, one conversation, one spark at a time — that's how stories survive.' Dr. Bijal Mehta, a specialist dermatologist, recalls that 'as someone who drifted from being an avid reader to barely picking up a book, rediscovering reading felt like coming home. Purva's book club is a space full of thoughtful conversations, diverse reads, and is a warm, non-judgmental place. It is more than just a book club — it has become a go-to place to meet like-minded individuals. It has reignited my passion for reading and reminded me of the joy of slowing down, reflecting, and connecting.' If you want to commemorate the new wave of literary culture in Dubai, Purva's work is the place to start. Her book club may be modest in size, but its impact is undeniable. Amidst the screeching of tires and the flash of neon, she is quietly building a literary home.
