Puravankara Limited is a prominent Indian publicly held real estate development company, established in 1975 by Ravi Puravankara and headquartered in Bangalore. Under the visionary leadership of its Founder & Chairman, Mr. Ravi Puravankara, the company has evolved into one of India's largest residential real estate conglomerates.
The company's core business involves the development and sale of real estate. It has a significant presence in major metro cities across India, including Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, and Pune, as well as Goa. Puravankara operates across both residential and commercial sectors, with a diverse portfolio of projects. Beyond its domestic footprint, the company has also made strategic inroads into the international real estate market, with projects in Dubai and Colombo.
Puravankara's expansive operations are structured across seven distinct business verticals, all operating as wholly-owned subsidiaries of the parent company:
- Purva Residential: Focuses on premium residential developments.
- Puravankara Commercial: Engages in commercial real estate projects.
- Provident Housing: Dedicated to developing affordable and mid-segment housing.
- Purva Land: Involved in land acquisition and development.
- Starworth Infrastructure and Construction: A specialized contracting business.
- Purva Streaks: The company's interior design and solutions division.
- Property Services: Offers comprehensive property management and related services.
These businesses collectively span residential, commercial, retail, hospitality, and township development. Puravankara is recognized for its commitment to superior construction quality, innovative architectural designs, and timely project delivery. Its strong presence is established in key Indian cities like Bangalore, Chennai, Kochi, Hyderabad, and Mangalore.
Puravankara strategically operates in both the premium and affordable housing segments through its distinct brands:
The 'Purva' brand is synonymous with the company's premium residential offerings, catering to discerning homebuyers seeking luxury and upscale living experiences.
Established in 2008, Provident Housing Limited is a dedicated large-scale community developer that provides exceptional value within the residential segment. It caters to a broad spectrum of buyers with a focus on enabling aspirational home ownership. As a 100% subsidiary of Puravankara Limited, Provident Housing upholds the parent company's legacy, boasting a remarkable portfolio of residential developments across 9 cities, including Bengaluru, Kochi, Mumbai, Goa, Hyderabad, Mangalore, Chennai, Coimbatore, and Pune.
Purva Streaks, the interiors division of Puravankara Limited, is a leading provider of end-to-end interior design and furnishing solutions in India. This brand is recognized for its quality, reliability, and innovative approach in the furniture and interior solutions sector. Purva Streaks specializes in designing, constructing, and delivering contemporary, functional, and aesthetically pleasing interiors tailored to each client's unique preferences and lifestyle.
As of May 2025, Puravankara Ltd holds a market capitalization of ₹6,170 crore.
- Q4 FY25 Performance: Revenue of ₹541.57 crore (March 2025), Net Loss of ₹88.00 crore (March 2025).
- Sales Trend: Sales declined by 41.13% to ₹541.57 crore in Q4 FY25 compared to ₹919.97 crore in the corresponding quarter of the previous year (Q4 FY24).
- Full Year FY25 Performance: The company reported a net loss of ₹179.88 crore for the year ended March 2025, a significant shift from a net profit of ₹42.26 crore in the previous year ended March 2024. Annual sales declined by 7.85% to ₹2013.61 crore in FY25 compared to ₹2185.26 crore in FY24.
Despite recent financial headwinds, Puravankara Ltd recorded robust pre-sales of ₹5,006 crore for FY25, indicating strong underlying demand and customer confidence in its offerings, even amidst financial challenges.
- Managing Director: Ashish Ravi Puravankara.
- CEO South: Mallanna Sasalu (appointed in May 2025).
- Former CEO: Abhishek Kapoor stepped down in May 2025.
Promoter Holding: The promoter holding in Puravankara Ltd has remained stable, standing at 75.00% as of March 2025, consistent with the 75.00% recorded in June 2024.
- Fundraising: On May 16, 2025, the Board of Puravankara approved the issuance of up to ₹300 crore in secured, redeemable, unlisted, unrated non-convertible debentures through private placement.
- New Project: Puravankara has entered into a joint venture to develop a significant 24.59-acre project in North Bengaluru, with an estimated project value exceeding ₹3,300 crore.
- Leadership Transition: The company appointed Mr. Mallanna Sasalu as CEO–South, following the resignation of Mr. Abhishek Kapoor, marking a notable leadership transition.
Puravankara Limited has a distinguished track record, having successfully completed 43 million square feet across 74 projects. The company has positively impacted the lives of over 50,000 happy residents. Its substantial development scale is further evidenced by its ongoing projects, encompassing approximately 20 million square feet, of which ~12.8 million square feet are completed and ~7.2 million square feet are currently under construction.
In recognition of its brand strength and market leadership, Puravankara Limited received accolades such as:
- India's Most Admirable Brand by Fortune India in January 2021.
- Ranked fifth nationally in the brand leadership category by Track2Realty's Brand X Report 2022-23.
- Achieved the first national rank in the image management category in the same Track2Realty report.
Puravankara has actively pursued strategic investments and expansion initiatives to fuel its growth:
- Affordable Housing Investment: In 2020, the company partnered with the IFC and IFC Emerging Asia Fund to secure a $76 million investment for its affordable housing projects in India.
- Fund Launches: In April 2022, Puravankara launched a ₹750 crore fund dedicated to investing in affordable housing projects. The debut fund successfully raised ₹200 crores in its first closing round by July 2022.
- HDFC Capital Investment: In April 2024, Provident Housing Limited secured a significant investment of ₹1,150 crore from HDFC Capital.
The company remains steadfast in its strategy to expand its operational footprint across India's major metropolitan cities, consistently prioritizing quality construction and unwavering customer satisfaction. With a well-defined brand portfolio that spans both luxury and affordable housing segments, Puravankara is strategically positioned as a leading real estate developer in India, poised for continued growth and market presence.
