Puravankara Limited (PURVA) 24 days ago

Puravankara Group Update

• Key Highlights:
  • Joint venture with KVN Property Holdings LLP for a 24.59-acre land parcel in North Bengaluru
  • Estimated GDV of over ₹3,300 crores and 3.48 million sq. ft. saleable area
  • Project expected to launch in six months
  • Strong market demand and proximity to Kempegowda International Airport
• Leadership Change:
  • Mr. Mallanna Sasalu appointed as CEO, Puravankara Ltd – South
  • Mr. Sasalu has 32 years of experience in engineering, architecture, and real estate development
  • Mr. Abhishek Kapoor resigns as CEO and Executive Director

What This Means for You:

• The joint venture and project launch are positive signs of growth and potential returns.
• The leadership change may raise concerns about stability and continuity.