Puravankara Limited
About Puravankara Limited
Founded in 1975 by visionary entrepreneur Ravi Puravankara, Puravankara Limited is headquartered at No. 130/1, Ulsoor Road, Bengaluru, Karnataka. Originally starting operations in Mumbai, the firm strategically relocated its headquarters to Bengaluru in 1986 to align with the city’s booming IT-led urban growth. The founder and chairman remains Ravi Puravankara, with Ashish Puravankara serving as Managing Director and Mallanna Sasalu as CEO – South guiding operations since mid‑2025.
A publicly listed company since its IPO in 2007, Puravankara is traded on the NSE under the ticker PURVA. The company covers residential, commercial and plotted development segments, delivering a mix of luxury, affordable and wellness‑focused homes through distinct brands: Puravankara (premium), Provident (mid‑income/affordable) and Purva Land (plots). Corporate vision emphasizes sustainable, themed living combined with deep value engineering and customer trust—a legacy approach highlighted during its Golden Jubilee phase.
Track Record
- Delivered approximately 44 million sq ft across 78 projects in 9 cities, with over 42,500 homes completed.
- Ongoing and planned development pipeline of roughly 25 million sq ft.
- Developers in about 9 Indian cities including Bengaluru, Chennai, Mumbai, Pune, Kochi, Coimbatore, Hyderabad, Mangaluru and Goa. Also ventures in GCC and Sri Lanka.
- Annual revenue around ₹1,920 crore (approx $236 million) as of FY 2024‑25, with about 918 employees recorded in early 2024.
Notable Projects
| Project | City | Status | Price Range |
|---|---|---|---|
| Purva Windermere | Chennai | Delivered | Luxury scale project (~₹1,700 crore cost) |
| Purva Silversands | Pune | Delivered | Resort‑style residences (1.5 million sq ft) |
| Marina One | Kochi | Delivered | Waterfront luxury homes |
| Provident Winworth | Kochi | Ongoing | ₹1,550 crore, 3 million sq ft |
| Purva Kensho Hills | Bengaluru | Ongoing (Plotted) | Plotted development |
| Purva Soukhyam | Chennai | Ongoing (Plotted) | 2,200 wellness‑focus plots |
| Pali Hill redevelopment | Mumbai | Ongoing | ~₹2,000 crore GDV |
| Miami Apartments redevelopment | Mumbai | Planned | High‑end society redevelopment |
| Purva AI (Bellandur) | Bengaluru | Ongoing | 2 BHK from ₹1.8 Cr onwards |
| Purva Infinity (North Bangalore) | Bengaluru | Ongoing | 2 BHK from ₹1.6 Cr onwards |
Delivery & RERA Compliance
Across its significant project portfolio, most developments are RERA‑registered and transparent. There is no major record of systemic delays in possession. That said, independent buyer feedback highlights isolated concerns: at some projects, residents cite poor pipe fitting quality, delays in snag resolution and unsatisfactory CRM response. Complaints were registered via forums years ago, particularly around slab‑level construction quality and customer service responsiveness.
Redevelopment projects like those in Mumbai are recent and yet to show a substantial track record. Overall, the delivery record appears reliable in volume, but attention to post‑handover service could improve.
Awards & Recognition
- India’s Most Admirable Brand by Fortune India (2021).
- Ranked among top brand leadership and image management by Track2Realty (2022‑23).
- “Lifetime Achievement” award for Ravi Puravankara at Realty Plus Awards (2012); multiple project and CXO honours in 2014.
- CRISIL credit rating of A+ / Stable on long‑term facilities; ISO 9001:2015 and ISO 14001:2015 certifications.
- Market cap in range of several thousand crores, with NSE listing under ticker PURVA.
Builder Scorecard by RealtyPromoo
| Aspect | Score (out of 5) | Justification |
|---|---|---|
| On‑Time Delivery | 4/5 | Strong delivery record across 44 Mn sq ft, few systemic delays. |
| Construction Quality | 3.5/5 | Generally good quality but buyer reports cite some finishing issues. |
| Transparency | 4/5 | Clear RERA compliance and brand disclosures; room to strengthen service communication. |
| Value for Money | 4/5 | Competitive pricing in premium and plotted segments with themed living advantage. |
| Customer Service | 3/5 | Responsive overall, but reported lapses in snag resolution and CRM follow‑up. |
Why Choose Puravankara Limited
Puravankara stands out for its depth of experience, having delivered tens of thousands of homes over five decades. With strong financial backing and recognition, homebuyers gain confidence from their transparent, RERA‑aligned projects and varied portfolio from luxury apartments to wellness‑oriented plotted communities. The geographic diversification across South and West India adds investment stability.
Yet, as a discerning buyer, it’s important to watch for potential finishing snags and proactively engage with customer service after possession. In recent redevelopment projects, the brand shines in ambition but lacks a proven delivery timeline. If prompt post‑handover support matters to you, verifying handover processes and snag‑resolution timelines during negotiation is advisable.
Projects by Puravankara Limited
Purva atmosphere, Keshav nagar, Pune
₹93 Lacs – ₹1.69 Cr