Browsing: Ashish Puravankara

Beyond Headlines Mumbai Redevelopment Project, Mumbai Land Deals, Mumbai Housing Redevelopment, Puravankara Limited, Ashish Puravankara, Rajat Rastogi

Puravankara secures Malabar Hill redevelopment project, with a GDV potential of INR 2,700 crores

Puravankara Limited has acquired redevelopment rights for a prime residential society in Malabar Hill, Mumbai, through its wholly owned subsidiary, Purva Blue Agate Pvt Ltd. This 1.43-acre project offers a development potential of 0.7 million square feet, providing new, premium homes for existing residents while also creating a substantial portion for sale. With an estimated revenue potential of INR 2,700 crores, this exclusive residential enclave will redefine luxury in the city.

Beyond Headlines Real Estate Tie-up, Real Estate Deals, Real Estate JDs, Real Estate TVs, Puravankara Limited, Ashish Puravankara, India Real Estate News, Indian Property News, Best Property Portal, Best Real Estate News Website, Best Real Estate Journalist, Best Property Journalist

Puravankara forms JDA for 5.5-acre land parcel in East Bengaluru with potential GDV of over INR 1,000 crores

Puravankara Group has formed the joint development of a 5.5-acre land parcel in East Bengaluru, with a combined estimated gross development value (GDV) of over INR 1,000 crores. The acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, excellent connectivity, and sustained residential demand.

Industry Movement Deepak Rastogi, Puravankara Limited, Neeraj Gautam, India Real Estate news, Indian Realty News, Real Estate News India, Indian Property market News, Ashish Puravankara, Best Property Portal, Best Real Estate News Website, Real Estate Journalist, Property Journalist

Puravankara appoints Deepak Rastogi as Group CFO

Deepak Rastogi brings over three decades of extensive experience in finance, strategy, and transformation across diverse industries and international markets. He has held leadership positions, including President & Group CFO at Deepak Fertilisers and Petrochemicals Ltd. and President & Group CFO at TATA Autocomp Systems Ltd. His expertise encompasses driving profit and loss, growth strategies, mergers and acquisitions, digitisation, and enterprise risk management.

Beyond Headlines Puravankara Limited, Puravankara Sales Growth, Puravankara Fiscal Performance, Puravankara Stock Performance, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Pre-Sales at INR 2,459 crores in H1FY25, Puravankara collections Up by 27%

The Indian economy continues to grow at a healthy pace, with the World Bank raising its growth forecast for India’s economy to 7% for FY 25, up from an earlier projection of 6.6%. The India Development Update (IDU) observes that India remained the fastest-growing major economy and grew rapidly at 8.2% in FY23-24. Growth was boosted by public infrastructure investment and an upswing in investments in real estate.

Beyond Headlines Money, Indian Rupee, Puravankara Fiscal Performance, Puravankara Quarterly Performance, Ashish Puravankara, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Puravankara reports revenue of INR 676 crore for Q1; 100% Y-o-Y growth

The Indian real estate sector is poised for robust growth in FY25, driven by the country’s strong economic performance and rising demand across residential, commercial, and industrial segments. The IMF has revised India’s GDP forecast to 7% from 6.8% for FY25. Increased urbanization, infrastructure development, and favourable government policies are boosting homebuyers confidence. The residential sector is witnessing a continued surge in demand. Overall inventory overhang has reduced from 3.7 years (2017) to 1.3 years (Q1 CY 2024). Puravankara is expected to experience sustained growth, in line with the sector, supported by a conducive economic environment and evolving consumer preferences.

Beyond Headlines Land Parcel, Land Acquisition, Land Deals, Land Purchase, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Real Estate Journalist, Best Real Estate Website, Best Property Portal

Puravankara acquires 7-acre land parcel in Bengaluru with potential GDV of INR 900 Crore

The land parcel at Hebbagodi is strategically located near Electronics City and is well-connected to other parts of the city, making it an attractive location for residential developments. The area is a desirable location for IT professionals working in Electronics City. The area has a well-developed social infrastructure, with major hospitals, international schools and retail, and the IT hub of Electronics City Phase 1 and Phase 2, located within a 5-km radius.

Beyond Headlines Land Parcel, Land Acquisition, Land Deals, Land Purchase, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Real Estate Journalist, Best Real Estate Website, Best Property Portal

Puravankara acquires 12.75-acre land parcel in Thane

Puravankara Limited, India’s 5th best real estate brand (as per Track2Realty BrandXReport), has acquired 12.75 acres of land in Patlipada on Ghodbunder Road, Thane, by its wholly-owned subsidiary company, Purva Oak Private Limited. The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential GDV of INR 4,000 crores over the project lifecycle.

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