Puravankara Ltd.PURVA₹290.45 +1.73%

Purva Blue Agate Private Limited, a wholly owned subsidiary of Puravankara Ltd.,

has secured a major redevelopment order worth ₹2,700 crore. The company received a Letter of Award from M/s. Samrat Ashok Co-operative Housing Society Limited for the redevelopment of its residential society.

Project Details

According to the disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015, the project involves redevelopment of a residential building belonging to the Samrat Ashok Co-operative Housing Society. The contract has been awarded by a domestic entity and is valued at ₹2,700 crore. The execution timeline will be as per the terms laid out in the Letter of Award.

Puravankara clarified that neither the promoter group nor group companies have any interest in the awarding entity, and the contract does not fall under related party transactions.

About Puravankara

Puravankara Limited is one of India’s leading real estate developers with a strong presence across the residential and commercial segments. Through its subsidiaries, the company has been actively expanding into large-scale redevelopment projects, adding to its portfolio of premium housing developments.

In Q1 FY26, the company clocked revenue of ₹539 crore and recorded sales of ₹1,124 crore, up 6% year-on-year, on a sales volume of 1.25 million sq. ft. Average realization rose 9% to ₹8,988 per sq. ft, while collections stood at ₹857 crore. With new land acquisitions carrying a Gross Development Value (GDV) potential of ₹6,400 crore, the company has further strengthened its growth pipeline.

Over the last three and five years, this stock has delivered multibagger returns of more than 180% and 515%, respectively. Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.