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Business Standard

Stocks To Watch: HAL, Puravankara, Airtel, IRCTC, Indus Towers

Stocks to Watch: DIT's acquisition of American Tower Corporation's operations in India, has made it the largest mobile tower company in the country, ahead of Indus Towers.

Business Standard

Puravankara to redevelop housing society in South Mumbai's Breach Candy

The company has expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023

CNBC TV18

Puravankara to redevelop high-end South Mumbai apartment

Property rates in the area are estimated at ₹1,25,000-1,40,000 per square foot, as per market sources. Shares of Puravankara Ltd ended at ₹430, down by ₹1.85, or 0.43%, on the BSE.

The Economic Times

Puravankara secures rights to redevelop housing society in South Mumbai’s Breach Candy

Realty developer Puravankara has entered South Mumbai's super-luxury property market by securing redevelopment rights for a housing society in Breach Candy. The company also gained preferred developer status for four housing societies in Andheri. Additionally, Puravankara signed a joint development agreement for a land parcel in Bengaluru's Electronics City.

The Economic Times

Puravankara aims to secure 20 million square feet of land by the end of the fiscal year

Puravankara's strategic plans include reducing net debt, optimizing debt costs, and utilizing its extensive land bank for future expansion and growth, as announced by the Group CEO. The company is focused on enhancing revenue from key markets like Bangalore and exploring new funding sources through AIFs, aligning with its goal of sustained growth and development.

The Economic Times

Puravankara acquires a 7-acre land parcel in Hebbagodi, Bengaluru, with potential GDV of Rs. 900 Crore

Real estate developer Puravankara has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru, for a luxury project, adding a potential GDV of over Rs 900 crore. With recent acquisitions in Mumbai, the group's total GDV is now Rs 1,550 crore. Strategically located near Electronics City, Hebbagodi is ideal for residential developments, catering to IT professionals. Puravankara plans to acquire 20 million sq ft of land by year-end for growth in Mumbai, Bangalore, and Delhi-NCR.