Purvankara Limited is one of India's top Real Estate giants, with headquarters in Bangalore. The company was founded in 1975, and since then, they have endeavoured to meet the demand for quality residential spaces. It has spread its reach across various cities nationwide, including Bengaluru, Chennai, Hyderabad, Kochi, Mumbai, Coimbatore, Pune, Mangaluru, and Goa.
Besides India, Purvankara company has stretched its real estate reach to International countries like Sri Lanka, Dubai, and UAE. It has two brands under its aegis – Purvankara premium, which caters to the demand of premium housing needs, and Provident premium, which deals with the residential segment that comes at an affordable price.
This brand is also among the first companies to secure FDI investment in real estate. In 2005, it developed into a joint venture with the Singapore government's development company "Keppel Investments Mauritius Private Limited", with a 49% share. The brand has ventured into developments, infrastructural science, and innovative techniques to speed up execution and deliver quality products. They have reached a landmark of completing 78 projects on approximately 44 million square feet of land.
Purvankara was incorporated as Purvankara Constructions Private Limited in the year 1986 and was converted into a public limited company, Purvankara Projects Limited, on 10th July 1992. The brand was founded in 1975 by Ravi Purvankara, who considered the need for quality residential and commercial spaces in the metropolitan areas of India. With over 125 million square feet of land, the group is constructing over 20 million square feet of residential and commercial space. It includes 13.5 million square feet of ongoing housing projects with 7,800 homes.
Purvankara entered into a Letter of Intent on December 15, 2006, to purchase or enter into a joint development agreement for land around Bangalore and Chennai, totalling approximately 76.23 million square feet. Let us go through a few essential details about this rising real estate brand!