Puravankara plans to develop 15 mn sq ft this year
Real Estate

Puravankara plans to develop 15 mn sq ft this year

Bengaluru-based real estate developer Puravankara Ltd plans to launch 15 million square feet by this financial year. Additionally, the company has lined up several new project launches across Bengaluru amid the festive season.

"We are across nine Indian cities today and want to scale up operation in all cities. A lot of new launches are expected in the third and fourth quarters. We plan to launch new projects in Bangalore, Chennai, Kochi, Coimbatore, Mumbai and Pune," Abhishek Kapoor, executive director and chief executive officer, said.

Among the launches, over 5 million sq ft of development will be done by Purvankara and its affordable housing wing Provident Housing. Around 4 million sq ft of development will be done by Purva Land, the company's plotted development wing.

According to a regulatory filing by the company, Puravankara achieved Rs 7.93 billion in of sales in the second quarter of this year, which is 33% higher than Q2 sales last year. The jump in sales was achieved along with a consistent increase in average price realisation. Average prices during Q2FY23 were up by 12% compared with average price realisation in Q2FY22. In the first half of the financial year, the company achieved a sale value of Rs 13.06 billion, up 43% compared to Rs 9.10 billion in H1FY22.

See also:
Mumbai property registrations rising after the Navratri boost
YEIDA proposes new land projects with a target of Rs 60,000 crore


Bengaluru-based real estate developer Puravankara Ltd plans to launch 15 million square feet by this financial year. Additionally, the company has lined up several new project launches across Bengaluru amid the festive season. We are across nine Indian cities today and want to scale up operation in all cities. A lot of new launches are expected in the third and fourth quarters. We plan to launch new projects in Bangalore, Chennai, Kochi, Coimbatore, Mumbai and Pune, Abhishek Kapoor, executive director and chief executive officer, said. Among the launches, over 5 million sq ft of development will be done by Purvankara and its affordable housing wing Provident Housing. Around 4 million sq ft of development will be done by Purva Land, the company's plotted development wing. According to a regulatory filing by the company, Puravankara achieved Rs 7.93 billion in of sales in the second quarter of this year, which is 33% higher than Q2 sales last year. The jump in sales was achieved along with a consistent increase in average price realisation. Average prices during Q2FY23 were up by 12% compared with average price realisation in Q2FY22. In the first half of the financial year, the company achieved a sale value of Rs 13.06 billion, up 43% compared to Rs 9.10 billion in H1FY22. See also: Mumbai property registrations rising after the Navratri boostYEIDA proposes new land projects with a target of Rs 60,000 crore

Next Story
Infrastructure Urban

bauma Conexpo 2024 is it the largest edition, with 1,000 exhibitors

India's construction equipment industry is experiencing significant growth, fueled by rapid infrastructure development, expanding mining activities, and increasing urbanisation. bauma Conexpo India will bring together leaders, global players and decision-makers from the international trade fair for construction machinery, building material machines, mining machines and construction vehicles under one roof. The exhibition will host its biannual event at the India Expo Centre, Greater Noida  from 11 to 14 December 2024.In 2023, the exhibition attracted 41,108 participants as well as 601 exh..

Next Story
Infrastructure Urban

Our commitment to excellence and innovation drives our success

In India's dynamic industrial landscape, Gmmco, a comprehensive solutions provider across the construction, resources and energy transportation industries, stands as a testament to innovation. As a powerhouse of the CK Birla Group with a legacy spanning over five decades, the company has evolved from a traditional equipment supplier to a full-spectrum solutions provider, prioritising technology, innovation and sustainability. Its distinctive approach includes rental solutions, used equipment options, financing support, rebuilt options and tailored product support solutions, setting new benchma..

Next Story
Infrastructure Urban

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects withi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000