- Business
- Puravankara Limited is an India-based real estate development company engaged in the design, development, construction, and marketing of residential and commercial properties. The company offers a wide range of products including luxury residential apartments, villas, townhouses under its flagship Puravankara brand; mid-income housing through its wholly owned subsidiary Provident Housing; and plotted developments under Purva Land, which provides investment opportunities in land parcels. Additionally, it operates Starworth Infrastructure and Construction Limited (SICL), which delivers technology-enabled construction solutions. The company also has a notable presence in commercial office spaces across India.
Founded in 1986 and headquartered in Bangalore, Puravankara operates primarily in major Indian cities including Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Goa. Its portfolio includes high-end luxury projects such as Purva Atmosphere, Purva Promenade, and Purva Somerset House, among others, catering to distinct market segments from premium to affordable housing. The company also targets growth in the commercial real estate sector with plans to develop and lease approximately 3 million square feet of office space and aims to generate significant rental income by FY2027.
Recent major developments include strategic expansion with four new projects in Mumbai and Bengaluru worth approximately ₹9,100 crore reported in the first half of FY26. Puravankara secured redevelopment rights for a ₹2,700-crore luxury residential project in South Mumbai's Malabar Hill, marking a significant move into high-stature urban redevelopment. The company continues to actively acquire land parcels and negotiate with global funds to establish institutional platforms for expansion in commercial real estate. It closed FY25 with collections amounting to ₹3,937 crore, reflecting a 9% year-over-year growth, and achieved a record annual sales value of ₹5,914 crore in FY24, driven by launches and operational efficiency. Puravankara also launched new residential projects totaling millions of square feet with a strong focus on cities like Bengaluru and Western India.
Puravankara operates through several wholly owned subsidiaries including Provident Housing, Purva Land, Starworth Infrastructure, Purva Streaks, and a property services division, allowing it to cover a broad spectrum of real estate and construction services. The company positions itself as an innovator in the industry by integrating technology with real estate development, including collaborations like the previous launch of intelligent homes in partnership with Google. It continues to build on its legacy of over 50 years, leveraging extensive experience and strategic investments to consolidate its presence across India’s key real estate markets.