Buoyed by healthy sales bookings of over Rs 1,100 crore till December in the current fiscal, the company has lined up launch of 15 new projects by March next year entailing an investment of about Rs 3,200 crore in construction, spread over the next five years.
The company had posted a net profit of Rs 22.38 crore during the same period of the previous fiscal, Puravankara Ltd said in a regulatory filing.
Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing them to protest and file legal cases in courts.
The Bengaluru-based developer also plans to launch 7-8 million sq ft area in 5 projects in 2017-18, its Managing Director Ashish R Puravankara said.
While developers in India have often been blamed for being stereotypical, to the extent that even the marketing brochures of identical projects are similar, some first movers are experimenting with innovative/disruptive marketing and with R
Realty firm Puravankara has sold a 19 acre land parcel in Hyderabad for Rs 475 crore to pharma company Hetero group as part of strategy to monetise assets and cut debt.
Rajesh Kothari Managing Director AlfAccurate Advisors believes the earnings growth for the market will be witnessed from the second half onwards, while the first half will be a low single-digit number.
Ambareesh Baliga, Independent Market Expert is of the view that one may prefer Godrej Properties, Sobha and Puravankara.
Realty firm Puravankara Ltd today reported 15 percent increase in its net profit at Rs 20.09 crore for the quarter ended December, even as its revenue declined.
The research agency said that while demonetisation would have a positive impact in the long run, it would "serious pinch'' the sector in the short term.
Puravankara Projects has reported a consolidated total income from operations of Rs 362.72 crore and a net profit of Rs 9.60 crore for the quarter ended Dec '15
Puravankara Projects has reported a consolidated total income from operations of Rs 425.18 crore and a net profit of Rs 23.47 crore for the quarter ended Sep '15
Puravankara Projects has reported a consolidated total income from operations of Rs 449.32 crore and a net profit of Rs 23.23 crore for the quarter ended Jun '15
Puravankara Projects has reported a consolidated total income from operations of Rs 378.05 crore and a net profit of Rs 32.63 crore for the quarter ended Dec '14
Even as economic growth is expected to rebound, banks in India are likely to remain â€œsubduedâ€ on the growth, profitability and asset quality fronts, a report by ratings major Standard & Poor‘s has said.
Puravankara Projects has reported a sales turnover of Rs 268.11 crore and a net profit of Rs 20.06 crore for the quarter ended Dec '13
Ashish Puravankara, Managing Director of Puravankara Projects, spoke with CNBC-TV18 to discuss project launches, the company‘s debt position and the real estate market in the cities it operates in.
Realty firm Puravankara today posted 36.32 per cent increase in consolidated net profit for the first quarter ended at Rs 68.16 crore mainly on the back of improved sales and better price realisation.
Prime Property, the weekly real estate reckoner talks about cities will get the highest Internal Rate of Return (IRRs) for who wants to invest in commercial real estate with help of global consultancy firm Knight Frank. Also information on how Larsen and Toubro (L&T) is looking to change Navi Mumbai's realty landscape with its project Seawoods.
Realty firm Puravankara Projects' offer to sell 2.37 crore shares to institutional investors was today oversubscribed 1.5 times, helping the company raise around Rs 201 crore.
Over the next few weeks, a slew of real estate companies and their promoters will tap the equity markets.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
Puravankara, Brigade Enterp and Sobha Developers are the top picks in real estate space, says Ambareesh Baliga , Market Expert.
Pick Oberoi Realty and Puravankara, says Ambareesh Baliga, COO of Way2Wealth.
Macquarie reiterates its outperform rating on Tata Motors but has cut its target to Rs 1,250 from Rs 1,465. They have cut their FY13 estimates of JLR volumes by 9% due to the expectations of slower economic growth in the US, UK and rest of Europe.