Puravankara Projects was incorporated as Puravankara Constructions Private Limited in 1986 in Mumbai. The name of the company was later changed to Puravankara Projects Limited and the status of company was changed to a public limited company on July 10, 1992.
The company is a part of Purvankara Group. The Group was established in 1975 by Ravi Puravankara, in response to the growing need for quality housing and commercial space in the metropolitan cities of India. Since then, the Group has grown to be one of the leading real estate developer of the country, serving the needs of a discerning clientele.
The Puravankara Group with over 33 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore and Colombo. It also has a presence in Dubai in the UAE and business representatives in the United Kingdom and the United States.
With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction. Included in this are on-going residential projects amounting to 13.50 million sq ft which comprise of 7,800 homes.
In 2005, it entered into a joint venture with Keppel Investment Mauritius Private Limited. Now it owns 49% of the shares of Keppel Puravankara Development Private Limited.
On December 15, 2006, The company entered into MOUs for the purchase of lands or for execution of joint developments agreements with respect to parcels of land located in and around Bangalore and Chennai aggregating approximately 76.23 million sq.ft.
By 2007 it had completed 14 residential projects and one commercial project covering approximately 3.77 million sq. ft. of saleable area. Ongoing projects aggregate approximately 12.20 million sq. ft. of saleable area. It is constructing 14 residential and one commercial project aggregating approximately 10.98 million sq. ft. of saleable area and Keppel Puravankara Development, is constructing two residential projects
The completed projects of the company include:
Divisions In addition to construction division it also has ‘interior works and modifications’ division that caters to any modifications required by its customers for their apartments.
Subsidiaries of the company
Best Urban Design & Master Planning award for Purva Fountainsquare at the Construction Source Felicitation Award Ceremony, 2010.
Developer of the year award : Residential - Popular Choice at Realty Plus Excellence Awards 2012.Pathfinders Award for the Most Enterprising CXO for Mr. Jackbastian K Nazareth at Realty Plus Excellence Awards 2012.Residential Lifetime Achievers’ Award for Outstanding Contribution to Real Estate Sector for Mr. Ravi Puravankara at Realty Plus Awards 2012.
Mid-Range Housing project of the year award for Purva Venezia at Bangalore Real Estate Awards 2012.2013
Most Admired Upcoming Project of the Year at the ET Now Awards for Retail Excellence.Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.April - Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.Enterprising CEO of the year for Jackbastian Nazareth at the ET Now Awards for Retail Excellence.Most Admired Upcoming Project of the Year at the ET Now Awards for Retail ExcellenceYoung Achiever’s Award for Ashish Puravankara at the ET Now Awards for Retail Excellence.Popular Choice - Affordable Housing of the Year for Purva Welworthcity at the ET Now Awards for Retail Excellence.Environment Friendly Project of the Year (Residential) for Purva Highland at the ET Now Awards for Retail Excellence.Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.