Abhishek Kapoor, Group CEO, Puravankara Limited, discussed the Mumbai redevelopment projects, anticipating a launch within nine months. He highlighted sustained demand in both luxury and mid-income real estate segments, projecting an annual average appreciation of 8-9%. Addressing approval delays post Bangalore's government change, he assured it's back on track. The company aims for an EBITDA margin around 30%, and with a robust launch pipeline, expects to continue the positive trend seen in Q2 FY24.










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How Is Real Estate Demand Shaping Up? | Abhishek Kapoor Of Puravankara Limited Explains

Provident Housing Limited, a subsidiary of the Puravankara Group, will invest over Rs 3,800 crore to construct a 5.8 million sq ft development dedicated to sustainable living. Over the next four years, the firm plans to launch its first project, Provident Ecopolitan, which resides in Aerospace Park …

Provident Housing Limited to Invest Rs 2000 crore to develop five residential projects

Real estate developer Puravankara Limited has reported a strong start to fiscal year 2024. The Indian firm saw sales rise by over 119% in the first quarter of the year, compared to the same period in 2023. Pre-sales more than doubled, with sales volume hitting 64,500 units

Puravankara records new peak in residential sales

Wholly-owned subsidiary Provident Housing will continue to cater to first-time buyers.

Puravankara rebrands its luxury housing segment to Purva

Puravankara Limited, one of the leading real estate developers, has achieved the fifth position in the national brand leadership category of Track2Realtys Brand X Report 2022-23. The company inched up two positions from its previous ranking of seventh. Notably, five out of the top ten real estate de…

Puravankara ranks among top 5 realty players nationally, says report

These developers are DLF, Macrotech Developers (Lodha brand), Godrej Properties, Prestige Estates Projects, Sobha, Brigade Enterprises, Puravankara and Mahindra Lifespace Developers Ltd. Net debt of top eight listed developers has reduced from Rs 40,500 crore in FY20 to over Rs 23,000 crore in FY23.

Net debt of top 8 listed realty firms dip 43 pc to Rs 23,000 cr in last 3 yrs: Anarock

Bengaluru-headquartered real estate company Puravankara Ltd Limited has recorded a strong sales performance in Q1 FY24, with a sale value of ₹1,126 crore

Puravankara records Q1 sales of ₹1,126 cr

Realty firm Puravankara Ltd on Thursday said its sales bookings jumped over two-fold to Rs 1,126 crore in the first quarter of this fiscal on better housing demand and higher price realisation.

Puravankara Q1 sales bookings jump over 2-fold to record Rs 1,126 cr

Puravankara Ltd experienced the highest-ever sale value of Rs 1,126 crore ($152m) in Q1 of the current fiscal year, marking a 119% increase YoY. Company MD, Ashish Puravankara, commented on the remarkable achievement, attributing it to a larger market share, dedicated growth strategies, continued ex…

Puravankara records highest ever sales value since inception, at Rs 1,126 crore in Q1

The sale’s value more than doubled, zooming 119 per cent year-on-year, to Rs 1,126 crore from previous year’s Q1 sales of Rs 513 crore

Puravankara soars 13% as it records highest-ever sales value in Q1FY24

Puravankara has registered highest-ever sale value of Rs 1,126 crore in any quarter. Sales value zoomed 119 percent YoY and 12 percent QoQ to Rs 1,126 crore in Q1 FY24.

Puravankara soars 13% on highest-ever Q1 sales

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Puravankara Projects Limited is a real estate company engaged in the development and construction of residential and commercial properties.

Puravankara Ltd