Dalal Street Investment Journal - - RECOMMENDATIONS EQUITY -

Strong pres­ence in South India At­trac­tive post-rera op­por­tu­ni­ties One of the largest pure­play res­i­den­tial re­tail brands

The Pu­ra­vankara Group, head­quar­tered in Bengaluru, was es­tab­lished in 1975 and has gained over 42 years of ex­pe­ri­ence in prop­erty de­vel­op­ment, real es­tate and con­struc­tion sec­tor in India. Pur­vankara is among the largest group in South

India that serves the needs of its clien­tele in hous­ing, com­mer­cial and re­tail spa­ces. The group be­gan op­er­a­tions in Mum­bai and has es­tab­lished a con­sid­er­able pres­ence in the real es­tate in­dus­try in metropoli­tan cities of Bengaluru, Kochi, Chennai, Coim­bat­ore, Hyderabad, My­suru, Man­galuru,

Kolkata and over­seas in Colombo and Dubai with a fo­cus on de­vel­op­ing res­i­den­tial and com­mer­cial projects.


The com­pany has a ro­bust track record and has sig­nif­i­cant pres­ence in southern India which is one of the fastest grow­ing res­i­den­tial mar­kets in India. Bengaluru city is con­sid­ered to be one of the most sta­ble real es­tate mar­kets in India. Pu­ra­vankara has some of its big­gest res­i­den­tial projects be­ing ex­e­cuted in Bengaluru. Be­yond Bengaluru, Pu­ra­vankara Projects has been ex­ten­sively en­gaged in cre­at­ing premium res­i­den­tial re­alty projects across South India, a zone ac­count­ing for 22-24% of India’s GDP growth.

Provident Hous­ing Limited, a 100% sub­sidiary fo the com­pany, is en­gaged in the de­vel­op­ment of premium af­ford­able hous­ing. Pu­ra­vankara ex­tended its real es­tate de­vel­op­ment busi­ness to western India (Mum­bai and Pune) in 2015-16. This foray into new ge­ogra­phies au­gurs

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