Updates

Puravankara Wins 2026 TMI Award for Best in Class Treasury – India

Puravankara Limited has been recognized with the 2026 Treasury Management International (TMI) Award for Best in Class Treasury – India, following a treasury digitisation initiative implemented with IBSFINtech's Treasury Management System.

Puravankara Signs Definitive Agreement to Sell Purva Zentech Commercial Property to ICICI Prudential AMC for ₹625.94 Crore

Puravankara entered into a definitive agreement with ICICI Prudential AMC to sell its commercial property Purva Zentech at an enterprise value of ₹625.94 crore, as part of its Q1 FY27 business update.

Puravankara Reports 28% YoY Growth in Q1 FY27 Pre-Sales to ₹1,439 Crore; Collections Surge 40%

Puravankara's Q1 FY27 business update showed pre-sales of ₹1,439 crore (up 28% YoY), collections up 40% to ₹1,199 crore, and four new land deals worth ₹5,200 crore GDV, sending the stock up nearly 15%.

Puravankara Board Approves FY26 Audited Financial Results, Reappoints Cost Auditor

Puravankara's board formally approved the audited standalone and consolidated financial results for FY26, alongside reappointing the company's cost auditor and correcting the recorded appointment date of its Chief Risk Officer.

Puravankara Completes Sale of Purva Ruby Properties for ₹145 Crore to ICICI Prudential-Backed Fund

Puravankara has completed the sale of its 100% stake in Purva Ruby Properties Private Limited to Prishal Office Parks III, finalizing the transaction first approved by the board in June 2026.

Puravankara Management to Participate in Valorem Advisors India Online Investor Conference on July 3, 2026

Puravankara Limited disclosed that its management will participate in the Valorem Advisors India Online Investor Conference on July 3, 2026, between 4:00 PM and 5:00 PM IST. The company confirmed that no unpublished price-sensitive information will be shared during the virtual session.

Puravankara Closes Trading Window from July 1, 2026 Ahead of Q1 FY27 Results

Puravankara Limited has closed its trading window for Designated Persons effective July 1, 2026, in accordance with SEBI insider-trading regulations. The restriction will remain until 48 hours after the declaration of Q1 FY27 unaudited financial results.

Puravankara Signs JDA for 6.4-Acre Land Parcel in Sarjapur, Bengaluru with ₹1,000 Cr GDV

Puravankara has entered a joint development agreement for a 6.4-acre plot in Kaggalipura Village, Sarjapura Hobli, Bengaluru, targeting a GDV of ₹1,000 crore and a saleable area of approximately 0.8 million sq ft. This is the fourth land transaction announced by the company in Q1 FY27, bringing its cumulative Q1 FY27 acquisition and JDA pipeline to ₹5,200 crore.

ICRA Reaffirms Puravankara Credit Rating at A-/A2+ for ₹3,000 Crore Bank Facilities; Provident Housing Also Rated A-/A2+

Credit rating agency ICRA reaffirmed Puravankara Limited's credit ratings at A- (Stable) and A2+ for its ₹3,000 crore bank facilities on June 26, 2026. In a related action on the same date, ICRA also reaffirmed Provident Housing's ₹1,000 crore bank facilities at the same ratings.

Puravankara Board Approves Sale of Wholly-Owned Subsidiary Purva Ruby Properties for ₹145 Crore to ICICI Prudential-Backed Fund

Puravankara's board approved the divestment of its entire 100% stake in wholly-owned subsidiary Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited — an entity backed by ICICI Prudential Asset Management — for ₹145 crore. The share purchase agreement is to be executed within 45 days, after which Purva Ruby Properties will cease to be a Puravankara subsidiary.

Starworth Infrastructure Wins ₹272 Crore EPC Contract for TRU AQUAPOLIS

Puravankara's Starworth Infrastructure secured a ₹272 crore EPC contract for TRU AQUAPOLIS residential project in Varthur, Bengaluru from Tru Dwellings Private Limited, covering civil and finishing works.

Miami By Purva Receives MahaRERA Registration in Mumbai

Puravankara Limited secured MahaRERA registration for its new residential project 'Miami By Purva' in Mumbai City on June 18, 2026, under registration number PR1170002600857. The approval clears the path for the project's formal launch.

Puravankara Promoters Report Zero Share Encumbrances in FY26

Puravankara's promoters have disclosed zero encumbrances on their shareholding for FY26, signalling strong promoter confidence and a clean balance sheet position at the promoter level.

Puravankara Acquires 9.73-Acre Land in North Bengaluru for ₹800 Cr GDV

Puravankara acquired 9.73 acres at Sanna Ammanikere in North Bengaluru's airport corridor with ₹800 crore GDV and 0.89 million sq ft development potential.

Puravankara Subsidiary Starworth Wins ₹509.52 Cr Contract for Varnam Phase 1

Puravankara's subsidiary Starworth Infrastructure secured a ₹509.52 crore construction contract for Varnam Phase 1 at One Bangalore Luxury Project in Devanahalli, covering turnkey construction with a 36-month timeline.

Puravankara JV in Doddagubbi, North Bengaluru: 11.23 Acres, ₹1,100 Cr

Puravankara struck joint development agreement for 11.23-acre land in Doddagubbi, North Bengaluru with revenue potential of ₹1,100 crore and 0.74 million sq ft.

Puravankara Plans ₹1,500-2,000 Cr Investment in FY27

Puravankara plans to deploy about ₹1,500-2,000 crore in FY27 as it accelerates land acquisitions and project launches.

Puravankara Acquires 14.57-Acre Land in Mandur-Budigere, Bengaluru for ₹2,300 Cr

Puravankara secured a 14.57-acre land parcel in the Mandur-Budigere corridor with ₹2,300 crore GDV, comprising 6.65 acres of outright purchase and 7.92 acres through JDA, totaling 1.8 msft of saleable area.

Starworth Infrastructure Wins ₹133.34 Crore Civil Works Contract for Embassy Eden Project, Bengaluru

Puravankara's subsidiary Starworth Infrastructure & Construction Limited (SICL) received a Letter of Intent from Sion Eden Developers Private Limited for civil and structural works on the Embassy Eden project in Bengaluru, valued at ₹133.34 crore inclusive of GST. The item-rate contract has an execution period of 34 months from the date of site handover.

Puravankara Appoints Subrahmanya Gupta Boda as Chief Technology Officer

Puravankara Limited has appointed Subrahmanya Gupta Boda as its Chief Technology Officer, designated as Senior Managerial Personnel, effective May 19, 2026.

Puravankara FY26 Full Year Consolidated Net Profit ₹70.35 Cr

Puravankara reported a net profit of ₹70.35 crore for FY26, with revenue from operations reaching ₹2,302.61 crore.

Puravankara Q4 FY26: Record PAT ₹111 Cr, Sales ₹3,547 Cr, Highest Ever

Puravankara reported Q4 FY26 PAT of ₹111 crore (up 226% YoY) with record quarterly sales of ₹3,547 crore. Full year FY26 saw highest-ever annual sales of ₹7,407 crore with 55% YoY growth.

Starworth Infrastructure Secures ₹57.81 Cr Contract for Westin Hotel, Bengaluru

Puravankara's subsidiary Starworth Infrastructure received a ₹57.81 crore Letter of Intent for the Westin Hotel construction in Whitefield, Bengaluru, including civil, structural, waterproofing and allied works with a 20-month execution period.

Puravankara Appoints Amit Narain Ahuja as Chief Risk Officer

Puravankara Board appointed Amit Narain Ahuja as Chief Risk Officer effective May 4, 2026, bringing 26+ years of experience.

Purva Eminora Pre-Launch in Vajarahalli, Kanakapura Road, South Bangalore; EOI Opens May 2026

Puravankara has opened Expression of Interest (EOI) bookings for Purva Eminora, a new luxury high-rise project on Kanakapura Main Road at Vajarahalli, South Bangalore. The project features approximately 250 apartments across twin towers (33–39 floors) on 3.6 acres, with Karnataka RERA registration pending.

Starworth Infrastructure Wins ₹144.45 Cr Contract for Nature's Nest Residential Project

Puravankara's subsidiary Starworth Infrastructure secured a ₹144.45 crore Letter of Intent for Nature's Nest residential project from NPS Developers in Bengaluru, with 28-month execution timeline for civil, structure, waterproofing and finishing works.

Puravankara Issues ₹196 Crore Corporate Guarantee for Subsidiary Purvaland Private Limited's NCD Programme

Puravankara Limited disclosed a ₹196 crore corporate guarantee in favour of debenture trustee Vistra ITCL (India) Limited to support Non-Convertible Debenture issuance by its wholly owned subsidiary Purvaland Private Limited. The guarantee was filed under SEBI Regulation 30 on April 14, 2026.

Puravankara FY26 Record: ₹7,407 Cr Sales, ₹111 Cr PAT, 55% YoY Growth

Puravankara's Q4 FY26 sales surged to ₹3,547 crore, and annual FY26 sales reached ₹7,407 crore, up 55% from prior year.

Puravankara Receives Income Tax Demand Notices of ₹51.87 Crore for FY 2016-17 and FY 2017-18

Puravankara Limited disclosed receipt of income tax demand notices aggregating ₹51.87 crore pertaining to assessment years 2016-17 and 2017-18, as reported in its regulatory filings in early April 2026.

Purva Panorama Tower D Launch in Bengaluru

Purva Oak Private Limited, a Puravankara subsidiary, launched 'Tower D' within the Purva Panorama project on March 28, 2026, expanding the company's housing inventory.

Puravankara Announces 30 New Projects Worth ₹55,000 Cr in 24 Months

Puravankara announced ambitious expansion plans to launch 30 new projects over next 24 months across South India and Mumbai with GDV exceeding ₹55,000 crores.

Puravankara Provides ₹50 Crore Corporate Guarantee to Associate Pune Projects LLP

Puravankara Limited issued a ₹50 crore corporate guarantee to its associate entity Pune Projects LLP on March 24, 2026, as disclosed under SEBI Listing Regulations. This is a separate transaction from the contemporaneous ₹50 crore guarantee issued to Starworth Infrastructure for SBM Bank equipment financing.

Puravankara Provides ₹50 Crore Corporate Guarantee to Starworth Infrastructure for Equipment Financing via SBM Bank

Puravankara Limited issued a ₹50 crore corporate guarantee to wholly owned subsidiary Starworth Infrastructure & Construction Limited for the purchase of construction equipment and materials from SBM Bank (India) Limited, disclosed on March 18, 2026.

Puravankara Subsidiary Starworth Secures ₹280.35 Cr Contract from VIT Vellore

Puravankara's wholly-owned subsidiary Starworth Infrastructure & Construction Limited secured a ₹280.35 crore construction contract from Vellore Institute of Technology for Ruby Block (Academic Block) Phase-I.

Purva Northern Lights Launches in KIADB Aerospace Park, Bengaluru

Puravankara's associate KVN Property Holdings launched Purva Northern Lights Phase 1 in KIADB Aerospace Park with KRERA registration, targeting the domestic market.

Purva Northern Lights All Phases Secure Karnataka RERA Registration

Puravankara's associate KVN Property Holdings LLP secured KRERA registration for all three phases of Northern Lights project in KIADB Aerospace Park, scheduled for launch March 14, 2026.

Puravankara Enters JV on Hennur Road, Bengaluru: 4 Acres, ₹1,300 Cr GDV

Puravankara signed joint development agreement for 4-acre land on Hennur Road with ₹1,300 crore GDV and 0.84 msft saleable area.

Puravankara JV on Hennur Road, Bengaluru: 4 Acres, ₹1,300 Cr GDV

Puravankara signed joint development agreement for 4-acre land on Hennur Road with estimated GDV of ₹1,300 crore and 0.84 million sq ft saleable area.

Purva Atmosphere Handover Begins in Thanisandra, Pune, March 2026

Residents began moving into Purva Atmosphere at Thanisandra in March 2026 with handovers starting on schedule.

Puravankara Plans Three Luxury Mumbai Project Launches in Pali Hill and Malabar Hill; Evaluates Entry into Gurugram Market

Puravankara announced plans to launch three luxury residential projects in prime Mumbai locations — including Pali Hill and Malabar Hill — targeting high-net-worth buyers with a combined development area of approximately one million sq ft. Separately, the company confirmed it is actively evaluating land acquisitions and JDA opportunities in Gurugram, signalling a potential entry into the NCR market.

Purva Estrella Launches in Mumbai Andheri West, Crosses ₹800 Cr Sales

Puravankara's Purva Estrella, its first redevelopment project, launched in Mumbai achieving ₹800+ crore sales with 85% absorption of Phase 1 inventory in first launch phase.

Purva Silversky Premium Launch in Electronic City, Bengaluru

Puravankara announced launch of Purva Silversky, premium residential development in Hebbagodi, Electronic City with 356 exclusive residences across three 32-storey towers.

Puravankara Completes ₹150 Crore NCD Allotment in Third Tranche of ₹300 Crore Private Placement Programme

Puravankara Limited completed the allotment of 1,500 non-convertible debentures (NCDs) worth ₹150 crore on February 13, 2026, marking the third tranche of its ₹300 crore private placement programme. The senior secured NCDs carry a face value of ₹10 lakh each and a 60-month tenure.

Q3 FY26: Puravankara Net Profit ₹63.79 Cr, Consolidated ₹59.94 Cr

Puravankara reported Q3 FY2026 standalone net profit of ₹63.79 crore and consolidated net profit of ₹59.94 crore, with sales rising 236% to ₹1,069.31 crore.

Puravankara Board Approves Merger of Two Wholly-Owned Subsidiaries

Puravankara Board sanctioned merger of IBID Home Private Limited into Purva Woodworks Private Limited to optimize digital platform WATABID.COM.

Puravankara Board Re-appoints Ashish Ravi Puravankara as MD for 5 Years

Puravankara's Board approved re-appointment of Ashish Ravi Puravankara as Managing Director for 5 years starting April 1, 2026, subject to shareholder approval.

Purva Estrella Receives MahaRERA Registration, Launch February 20, 2026

Puravankara obtained MahaRERA registration for Purva Estrella residential project in Oshiwara, Andheri, Mumbai with official launch February 20, 2026.

Puravankara Increases Stake in Sobha Puravankara Aviation (SPAL) to 99.95%

Puravankara Limited acquired the remaining balance shares of Sobha Puravankara Aviation Private Limited (SPAL), raising its stake in the chartered aircraft services subsidiary to 99.95%.

Purva Esplanade Pre-Launch in Hardware Park, Bagalur, Bangalore

Purva Esplanade pre-launch experience event held February 5, 2026 for Hardware Park project spanning 25 acres with 2, 3, 4 BHK apartments. Official launch expected early 2026.

Puravankara Launches Provident Equinox Phase 5 with RERA Registration

Puravankara launched Phase 5 of its Provident Equinox residential project in Bengaluru with official RERA registration from Karnataka RERA.

Purva Park Royale Pre-Launch in Kanakapura Road, Bangalore

Purva Park Royale commenced pre-launch on January 15, 2026 and official launch on February 15, 2026 on Kanakapura Road, South Bangalore with 450 ultra-luxury units.

Starworth Infrastructure Secures ₹311.18 Cr EPC Contract for Sattva AANGANE Residential Project, Bengaluru

Puravankara's wholly-owned subsidiary Starworth Infrastructure & Construction Ltd (SICL) received a Letter of Intent on January 13, 2026 for a ₹311.18 crore residential construction contract for the Sattva AANGANE project in East Taluk, Bengaluru. The item-rate contract covers approximately 30.36 lakh sq ft of built-up area over a 37-month execution timeline.

Puravankara Reports SEBI Code of Conduct Violation by Designated Person's Relative; Penalty Transferred to SEBI IPEF

Puravankara disclosed a Code of Conduct violation by Mrs. Sonika Agarwal, immediate relative of designated person Mr. Raj Kumar Agarwal, involving the sale of 550 equity shares within six months of acquisition. The company imposed a profit disgorgement of ₹2,837 and a penalty of ₹5,000, both transferred to SEBI's Investor Protection and Education Fund on January 6, 2026.

Karnataka Government Orders Probe into Infosys–Puravankara Anekal Land Deal; Five Sub-Registrars Suspended

The Karnataka government ordered a probe into the December 2025 sale of a 53.5-acre Attibele land parcel by Infosys to Puravankara's subsidiary, after allegations of misuse of court-order-based registration provisions surfaced. Five sub-registrars in Bengaluru were suspended in connection with the alleged irregular registration.

Puravankara Provides ₹150 Crore Corporate Guarantee to Purva Oak for Commercial Paper Issuance

Puravankara Limited extended a ₹150 crore corporate guarantee to its wholly-owned subsidiary Purva Oak Private Limited on January 1, 2026, supporting the subsidiary's commercial paper issuance through Catalyst Trusteeship Limited.

Puravankara Codename Futura Launch in Balagere, East Bangalore

Puravankara Codename Futura scheduled for launch in early 2026 in Balagere, East Bangalore with 2 & 3 BHK apartments and possession expected from 2030 onwards.

Puravankara Elevates Juhi Dave to Assistant General Manager (West)

Puravankara Limited announced the elevation of Juhi Dave to Assistant General Manager, where she will continue as Consultant (West), contributing legal and commercial expertise to the company's western region growth strategy.

Puravankara Codename Aurum Launches in Vajarahalli, Bangalore

Purva Aurum project launched December 2025 in Vajarahalli offering 2-3 BHK apartments with possession targeted for 2029.

Puravankara Codename Da Vinci Launches in Bellandur, Bangalore

Puravankara's Codename Da Vinci project officially launched December 31, 2025 in Bellandur with 2 & 3 BHK apartments. Possession targeted for 2029.

Puravankara JV in East Bengaluru: 5.5 Acres in Balegere with ₹1,000 Cr GDV

Puravankara entered into joint development agreements for 5.5 acres in Balegere with development potential of 0.85 million sq ft and GDV exceeding ₹1,000 crores.

Puravankara Acquires 53.5-Acre Land in Anekal, Bengaluru for ₹4,800 Cr GDV

Puravankara Limited acquired 53.5 acres in Anekal Taluk with a gross development value exceeding ₹4,800 crores and 6.4 million sq ft of developable area, expanding its Bengaluru land bank.

Puravankara Leases 1.2 Lakh Sq Ft Retail Space to IKEA at Purva Zentech Park

Puravankara signed an Agreement to Lease with IKEA India for 1.2 lakh sq ft across two floors at Purva Zentech Park, Kanakapura Road, Bengaluru, with handover scheduled for Q1 of calendar year 2026.

Purva Atmosphere Launches in Keshav Nagar, Pune - 420 Units, 10 Acres

Puravankara launched Purva Atmosphere in Keshav Nagar, Pune, featuring 420 units (240 2-BHK, 180 3-BHK) across 10 acres with 70% open spaces and IGBC certification.