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!
The southern region of Bangalore features a lovely neighbourhood called JP Nagar. Nearby, there are other good places to live like Jayanagar, Banashankari, Bannerghatta Road, and BTM Layout. JP Nagar is quite big—about 2,500 acres, divided into 9 parts. There are several well-known home builders, including Puravankara, Prestige, and Brigade. They have built special projects like DS Max Stone Hill and Puravankara Coronation Square that have made JP Nagar more upscale for homes and businesses.
Price Insights
Average Asking Price in JP Nagar
₹ 37/Sq.ft
For ApartmentBased on active listings and recent trends
JP Nagar presents itself to be a highly picturesque and tranquil location with various beautiful lakes in its proximity. A few of the lakes are Puttenhalli lake, Sarakki lake and Chunchugatta Lake. These lakes are perfect for bird-watching or just casually spending time in the evening with your loved ones.
Concerning
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Crowded streets and traffic congestion are consistent problems in the neighbourhood.
It is a decent place in comparision to rest of bangalore, there is a bit of lack of public transport once you leave the BG main road, and night times even with regular patrols few drunk people create quite a bit of rukous.