Shares Homepage - BSE Sensex, NSE Nifty, Latest Prices, Live News, Company Search, Result Annoucements, Company News, Top stories, Gainers Losers, Top Performers, Market Commentary, Live Quotes, Bulk Deals
India's preferred Personal finance destination
Home Shares News Centre F&O Mutual Funds IPO Portfolio Commodity Loans Financial Planning Insurance About Us
Markets Companies Research Industries E-Mail Page
Wealth Tracker      Tax Corner NRI Centre Chat Masala Feedback
my Last 5 Scrips
Company BSE Price(Rs) % Chg
Yes Bank 35.85 1.13
Tata Mot 160.45 1.26
State Ba 324.30 1.02
Mah & Ma 528.75 0.76
Tata Pow 51.50 0.19
Clear All Clear Last
NSE Live
Nifty Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
BSE Live
BSE30 Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
Market Pulse
FII Activity
Mutual Fund Activity
Results Watch
Results Calendar
Results Announced
IPO Watch
Recent News
Broker Research
Research Tutorial
Discussion Forum
Research Reports
Sector Watch
Economy Watch
Puravankara Limited
Sector:Real Estate Real Estate - Real Estate
Market Lot: 1Face Value: 5ISIN Demat: INE323I01011
QuotesSnapshotChartsFinancialsResearchRecent News
Peer GroupAGM/AMMF HoldingDiscussion ForumBSE/NSE NoticesBSE/NSE Deals

Business Profile
Puravankara Projects is a real estate company that focuses on housing and commercial projects. The company has been into construction business for more than three decades. It has operations in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and Colombo. The company also has presence in United Arab Emirates (U.A.E), United Kingdom and the United States. Established in 1975, the company was incorporated as Puravankara Constructions Private Limited in 1986. The name was changed to Puravankara Projects Limited on July 10, 1992.

The real estate company has developed 12 residential projects in Mumbai and Bangalore covering approximately 0.43 million sq. ft. of saleable area. Prudential Housing and Infrastructure Development, Purva Marine Properties, Centurions Housing and Constructions, Purva Realities, Purva Corporation, Melmont Construction etc are some of the subsidiaries of the company.

The company announced fall of 62.02% in consolidated net profit on y-o-y basis to Rs 89.40 million, while total income dropped 26.87% y-o-y basis to Rs 3.12 billion for the quarter ended June 2016.

Recent Developments
Puravankara Projects, one of the leading real-estate developers in the country, has received an approval for exit from the investment of Rs 4.03 billion at Raidurg, Panamaktha Village in Karnataka which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara.

Puravankara Projects, one of the leading real-estate developers in the country, Puravankara Projects Tuesday announced that Geetanjali Vikram Kirloskar

Puravankara Projects announced a small rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 9.67% to Rs 234.70 million from Rs 214.00 million in the same quarter previous year.

Puravankara, as part of its Vision 2020 Growth Strategy has identified Hyderabad as one of the core markets over the next 5 years. The stable socio-political environment and the pro-growth outlook of the policy makers in the city, is expected to trigger a multi-year economic growth and boost the Hyderabad market.

Puravankara Projects, one of the leading real-estate developers in the country, has entered into an agreement to sell for its 18 acre property located of Kanakapura Road, Bengaluru. This is a strategic transaction and coincides with our business and capital strategy of the group.

Puravankara Projects, one of the leading real-estate developers in the country, announced that it has entered into private equity partnerships for its new acquisitions.

During the quarter, the profit of the company rose 62.66% to Rs 326.30 million from Rs 200.60 million in the same quarter last year.

Puravankara Projects has entered into a joint development agreement to develop a 2-acre land parcel owned by Maharashtra Steel Rolling Mills in Bhandup suburb of Mumbai.

Future Plans
The company is planning to invest about Rs 3.5 billion in developing 2.58 million square feet residential project in Kolkata, which will be executed through a joint venture company, Keppal Purvankara Development. It has also entered into a MoU (Memorandum of Understanding) with Galaxy Properties, in Chennai, for the joint development or purchase of 43.56 million sq.ft of land. The firm is also planning to set up a chain of hotels in South India. It intends to to set up either 5-star or business hotels in cities like Bangalore, Chennai, Kochi and Hyderabad. The company?s ongoing projects aggregate approximately 12.20 million sq. ft. of saleable area. It is constructing 14 residential projects and one commercial project aggregating approximately 10.98 million sq. ft. of saleable area.

The company in joint venture with Keppel Puravankara Development, is constructing one residential project which extends to approximately 1.22 million sq.ft. of saleable area. The company intends to enter into strategic joint ventures and partnerships where appropriate to foster growth, increase the scale of operations and to maximize the value of existing land assets. The company is planning to expand overseas operations and invest in residential and commercial projects in select foreign locations. It has acquired approximately 1.06 million sq.ft. of land in Colombo, Sri Lanka for a proposed luxury residential project consisting of independent villas and townhouses.

Purvankara Projects entered into a joint venture with Keppel Investment Mauritius Private in 2005. Keppel Investment is a subsidiary of the Singapore based Keppel Land (which is a subsidiary of Keppel Corporation, a company that is majority owned by Temasek Holdings, the investment arm of the Singapore Government.)

In Brief

Home | Shares | F&O | Mutual Funds | Loans | Insurance | News Centre
Wealth Tracker | Tax Corner | NRI Centre | Search in myiris | Advertise
All rights reserved. IRIS Business Services Limited