Purva Blue Belle Builder:
Puravankara Limited is one of India's most admired and trusted real estate players, headquartered in Bengaluru. Founded in 1975, the company has a sterling legacy of building international-quality homes delivered on time with transparency over the past 49 years.
The company, so far, has launched three prominent brands on the real estate map – Purva, Provident Housing and Purva Land. Purva is recognised for its state-of-the-art luxury and theme-based projects, and its flagship World Home Collection products reflect future homes with innovative technology.
Provident Housing Ltd. (a wholly owned subsidiary of Puravankara) was launched in 2008 to meet the aspirations of upwardly mobile young homeowners. Today, Provident Housing is well known as a large-scale community developer. Purva Land, established in 2021, caters to the needs of discerning homebuyers looking for a highly lucrative investment opportunity through plotted development. Besides these residential brands, Starworth Infrastructure and Construction Limited (SICL) is a wholly-owned subsidiary, the Engineering, Procurement and Construction (EPC) arm of Puravankara - focused on technology-enabled construction solutions. The group has also forayed into developing Grade-A commercial real estate with a presence of ~3 million square feet and is expanding its footprint rapidly. Additionally, Purva Streaks, the interior design arm, caters to customers looking for an integrated interior design solution.
The group is present in Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Kochi, Goa, Coimbatore, and Mangaluru. Puravankara was one of the first developers in India to secure FDI in real estate by establishing a Joint Venture with Keppel Land, a development company owned by the Singapore Government. Puravankara was listed on the stock markets in 2007. The company was also one of the first few enterprises to partner with the International Finance Corporation (IFC), the IFC Emerging Asia Fund (EAF) for affordable housing development in India.
The company has exponentially grown and, as of March 31, 2024, has successfully delivered 86 residential and commercial projects measuring a whopping 50 million square feet. The company has a land bank of over ~36 million square feet and 23,000+ homes with a total area of over ~31 million square feet under development. It has also recently forayed into the redevelopment space in Mumbai by securing the rights for two housing societies spread over three acres with a potential gross development value of Rs 1,500 crore.
Puravankara has been recognised with many credible awards and accolades, which include the Lifetime Achievement Award by CREDAI CARE for our Chairman, Mr Ravi Puravankara in 2023 and the Lifetime Achievement Award by Construction Week Magazine for Mr Ravi Puravankara. Our Managing Director, Mr Ashish Puravankara, was awarded the Real Estate Person of the Year – South by Construction Week Magazine in 2023. Ms Amanda Puravankara, Executive Director, Provident Housing Limited, was recognised as the Woman Achiever of the Year at the ET Business Excellence Awards 2023. The company has also won the ET Edge Iconic Brands of India Award 2023, the Most Admired Company in Urban Infrastructure Award by ET Infra Focus and the prestigious Vishwakarma Award for Social Development and Impact, instituted by the Construction Industry Development Council (CIDC).
