1 Stock-based Compensation On 1 July 2006, the members of the Company
 approved the Puravankara Projects Limited 2006 Employee Stock Option
 Scheme CESOS'' or ''the Plan'') of the Company. The plan provides for the
 issuance of stock options to eligible employees (including Directors of
 the Company) with the total options issuable under the Plan not to
 exceed 1,366,080 options and includes a limit for the maximum and
 minimum number of options that may be granted to each employee. Under
 the plan, these options vest over a period of four years and can be
 exercised for a period of one year from vesting.
 
 The weighted average exercise price of the options outstanding at 31
 March 2011 was Rs465.86 and they had weighted average remaining
 contractual life of 9 months.
 
 2 Leases
 
 Properties taken on operating lease
 
 3 Other commitments and contingencies
 
 The Company has claimed deduction under section 80 IB of the Income tax
 act, 1961 on two projects based out at Kochi. The time limit specified
 by the cited section above for completing the two projects was 31 March
 2011. However, the Company was not able to complete the same within the
 prescribed time limit primarily on account of court stay in one of the
 projects and poor state of reclamation of the land in the other. Based
 on the legal opinion obtained on the above, the management believe that
 the deduction under the cited section above will not be denied.
 
 The Company is also involved in certain litigation for lands acquired
 by it for construction purposes, either through a Joint Development
 Agreement or through outright purchases. These cases are pending with
 the Civil Courts and scheduled for hearings shortly.  After considering
 the circumstances and legal advice received, management believes that
 these cases will not adversely effect its financial statements.
 
 4 Related party transactions (i) Parties where control exists
 
 Parties where control exists include: Subsidiaries:
 
 Prudential Housing and Infrastructure Development Limited
 
 Centurions Housing and Constructions Private Limited
 
 Melmont Construction Private Limited
 
 Purva Corporation
 
 Purva Marine Properties Private Limited
 
 Purva Realities Private Limited
 
 Puravankara Lanka Holding Private Limited
 
 Puravankara Projects Lanka Private Limited
 
 Nile Developers Private Limited
 
 Vaigai Developers Private Limited
 
 Purva Good Earth Properties Private Limited
 
 Purva Star Properties Private Limited
 
 Purva Sapphire Land Private Limited
 
 Purva Ruby Properties Private Limited
 
 Purva Opel Properties Private Limited
 
 Puravankara Hotels Limited
 
 Starworth Infrastructure & Construction Limited
 
 Provident Housing Limited
 
 Purva Land Limited
 
 Key Management Personnel:
 
 Mr. Ravi Puravankara
 
 (ii) Relative of Key Management Personnel:
 
 Ms. Geeta S. Vhatkar 
 
 Ms. Aarti Panjabi 
 
 Mr. Ashish Puravankara 
 
 Mr. Suresh Puravankara 
 
 Ms. Amanda Puravankara 
 
 Ms. Tanya Puravankara 
 
 Ms. Vishalakshi Puravankara
 
 (iii) Entities controlled by Key Management Personnel (Other Related
 Parties):
 
 Purva Developments
 
 Unique park Constructions Private Limited
 
 Unique Constructions
 
 Welworth
 
 Puravankara Investments
 
 Handiman Services Limited
 
 Dealwel - Proprietorship
 
 Dealwel Finance Corporation
 
 Tanya Trust
 
 Amanda Trust
 
 Purva Properties and Resorts Private Limited
 
 Deal wel Estates Private Limited
 
 5 Employee benefits
 
 A.  Defined benefit plan
 
 The Company has gratuity and vacation pay as defined
 benefit retirement plans for its employees. As at 31 March 2011 
 and 31 March 2010 the plan assets were invested in insurer managed funds.
 
 B.  Defined contribution plan
 
 The Company makes contribution of statutory provident fund as per
 Employees Provident Funds and Miscellaneous Provisions Act, 1952.  This
 is a defined contribution plan as per AS 15. Contribution made was
 Rs7,156,521 for the year ended 31 March 2011 (31 Mar 2010- Rs7,286,356).
 
 6 Segmental Information
 
 The Company is engaged in the development and construction of
 residential and commercial properties which is considered to be the
 only reportable business segment as per Accounting Standard 17 on
 Segment Reporting. The Company operates primarily in India and there is
 no other significant geographical segment.
 
 7 Additional disclosures under Schedule VI
 
 The Company is not a manufacturing Company and hence the quantitative
 details required under Para 3, 4C and 4D of Part II of Schedule VI of
 the Companies Act are not applicable and have not been provided.
 
 8 Disclosures of dues to micro, small and medium enterprises
 
 Based on the information available with the company, Rs73,715/- is the
 amount payable to Small and Medium Enterprises at the balance sheet
 date. These amounts, being retention money, are due only on completion
 of retention period and are contractually not due as on 31 March 2011
 as per the contract with the said parties. Consequently the management
 feels that the interest liability under MSME Act does not arise and
 hence no disclosure is required under the said law.
 
 The above information and that in Schedule number 15 has
 
 been determined to the extent such parties have been identified on the
 basis of information provided by the company which has been relied upon
 by the auditors.
 
 9 Unhedged foreign currency exposure
 
 Balance as on 31 March 2011 in Hatton National Bank, Srilanka amounted
 to SLR 76,574 (31 March 2010 SLR 8,461,405)
 
 Balance as on 31 March 2011 in HSBC, Dubai amounted to AED 37,958 (31
 March 2010 AED 35,019)
 
 Balance as on 31 March 2011 in EEFC account with Andhra Bank Bengaluru
 amounted to USD 288 (31 March 2010 USD 288)
 
 10 Prior year comparatives
 
 Prior year comparatives have been regrouped/reclassified wherever
 necessary to conform to the presentation in the current year