What we do Puravankara Ltd is a prominent real estate developer engaged in residential and commercial projects across major Indian cities and overseas locations including UAE and Sri Lanka. |
Founded in 1,986 |
Market share Puravankara is a leading player in Indian real estate with a diversified presence in luxury, affordable, and plotted developments, recognized by credit ratings and market awards. |
Problem solved The company addresses urban housing needs by delivering quality residential and commercial properties with clear titles and timely completion. |
Top clients or who we serve Serves B2C homebuyers across multiple segments including luxury, affordable housing, and plotted developments, plus commercial property investors. |
Key management Chairman & Whole Time Director: Mr. Ravi Puravankara; Managing Director: Mr. Ashish Ravi Puravankara; Executive Director & Former CEO: Mr. Abhishek Kapoor. |
Our journey and innovations Incorporated 1986, went public 2007; first affordable housing subsidiary launched 2008; multiple joint ventures and expansion across major Indian and international markets. |
Where we operate Primarily operates across Bengaluru, Chennai, Mumbai, Pune, Kochi, Hyderabad, Goa, Mangalore, Colombo, and the UAE with presence in UK and US. |
Top products or what we offer Residential, commercial, affordable housing, redevelopment, and plotted development projects under brands like Purva and Provident. |
Top brands Purva (luxury and premium residential projects), Provident (affordable housing); both are key revenue drivers with pan-India reach. |
Raw materials needed Cement, steel, construction materials, glass, fixtures, and fittings required for building residential and commercial developments. |
Raw materials supplier Suppliers include local and regional building materials manufacturers; specific names not disclosed publicly. |
Recurring vs cyclical contribution Revenue is cyclical, recognized upon project completion and handover consistent with real estate industry norms. |
Our industry position Rated A- by ICRA; one of India’s leading real estate developers with significant land banks and development pipeline. |
Financial highlights Consolidated revenue approx. ₹2013 crore FY25 with losses reflecting sector challenges; has robust project pipeline and collection growth. |
Geographical revenue split Major revenue from South India (Bengaluru, Chennai, Kochi) and expanding share from Mumbai and Pune; overseas contribution minimal. |
Order book Strong order book with ongoing and planned projects totaling over 20 million sq.ft. saleable area across regions. |
Whats driving growth Urban housing demand, expansion in luxury and mid-segment projects, strategic land acquisitions, and redevelopment projects in Mumbai. |
Our future plans Project launches pan India with growing redevelopment portfolio, expanding land bank, and new phases to sustain growth. |
Our green promise Implements energy efficiency, renewable energy use, water conservation, green landscaping, and sustainable construction practices. |
Our people and values Committed to employee welfare, transparency, ethical governance, diversity, and corporate social responsibility initiatives. |
Key challenges ahead Regulatory hurdles, economic slowdown impact, real estate market cycles, and pressure on profit margins due to rising costs. |
Interesting facts Recipient of multiple industry awards including CIDC Vishwakarma Awards and maintains one of India’s largest real estate land banks. |
Risks and strategy Mitigates risks through diversified projects, strong partnerships, prudent financial management, and regulatory compliance. |
