Puravankara

Puravankara Ltd. reported a solid performance in the third quarter, with sales rising 17 percent year-on-year to Rs. 1,414 crore, reflecting steady demand in the residential real estate market. The growth was supported by healthy bookings, improved project execution, and sustained interest in mid-income and premium housing segments. Industry analysts note that improving consumer sentiment, stable interest rates, and a gradual recovery in urban housing demand have benefited established developers.

Puravankara Ltd, a prominent real estate developer headquartered in Bengaluru, has secured a major redevelopment project involving eight residential societies in Chembur, Mumbai. This initiative encompasses over 12 lakh square feet across 4 acres, with an anticipated gross development value (GDV) of Rs. 2,100 crore. The project forms part of the company’s strategic expansion in the Mumbai Metropolitan Region (MMR) and Pune markets, where redevelopment is expected to contribute Rs. 7,700 crore to an overall Rs. 18,000 crore GDV.