Browsing: Puravankara Limited

Beyond Headlines Financial Results, Puravankara Limited, Ashish Puravankara, Bengaluru Property Market, India's Best Realty Brands, Quarterly Results, Financial Results

Puravankara to pay total interim dividend payout of INR 149 crores to shareholders

Puravankara Limited, 5th Best Indian real estate brand (as per Track2Realty BrandXReport 2022-23), has announced an interim dividend payout of INR 6.30 per share for the financial year 2023-24 on 23,71,49,686 equity shares of face value of INR 5 each with a total dividend payout of INR 149.40 crores. The dividend will be paid to those shareholders whose names stand on the Register of Members of the Company as of February 1, 2024.

Beyond Headlines Ashish R Puravankara, Puravankara Ltd, Puravankara Projects, Bangalore real estate market, Provident Housing, India real estate news, Indian realty news, Indian property market news, Real estate news India, Track2Realty

Puravankara’s strong performance in H1FY24 records INR 2,725 crores in sale value, up by 109%

The Indian economy grew at 7.8 per cent in the first quarter of the current fiscal year, according to the data shared by National Statistical Office. The Reserve Bank of India (RBI) retained its GDP growth forecast of 6.5 per cent for FY 2023-24. The real estate sector is expected to expand to $5.8 trillion by 2047, contributing 15.5 per cent to the GDP from an existing share of 7.3 per cent, a joint report by Knight Frank and National Real Estate Development Council (NAREDCO) indicates.

Headlines USA Housing Market

US Housing Market slowdown a worry for India?

The report of an impending housing recession in the US housing market is a worrying factor for a section of analysts in India. As per the reports coming out of the US market, the pricing remains firm but the sales have slowed down. As per a report by the NAR (National Association of Realtors), the home sales have slowed down for six consecutive months in July. Track2Realty reports.

Consumer Connect Bear Market, Bull Market, Real Estate Price Trends, Property Price Trends, Real Estate Versus Stocks, Real Estate Price Index, Property Price Index, Aditya Kushwaha, Axis Corps, Puravankara Limited, Abhishek Kapoor

Is a Bear Market possible in real estate?

Stock market is generally defined as the “Bull market versus ‘Bear Market’. In real estate, the expression has generally been all about ‘Bullish Market’, ‘Upbeat market’, ‘Wait & Watch Market’, and ‘Pessimist Market’. ‘Bear Market’ as a term has generally not been used in the context of the housing market. Track2Realty questions why? Is it because a ‘Bear Market’ is just not possible in real estate? Or is it because real estate as an asset class has an altogether different means of cost & benefit analysis.

Network Provident Housing, Provident Limited, Puravankara Limited, Bengaluru Property, Bengaluru Residential Property

Provident Ecopolitan receives overwhelming response ahead of launch

Provident Housing has garnered massive interest for its latest project, Provident Ecopolitan located in Aerospace Park in North Bengaluru. An overwhelming number of Expressions of Interest (EoIs) have been recorded ahead of the project launch on August 19, 2023. Ecopolitan has a total of 956 apartments in 1, 2 and 3 BHK configurations ranging from 625 sq. ft. to 1,427 sq. ft. with more than 60% lung spaces.

Editorial Ravi Puravankara, Ravi Sinha, Real Estate Journalist, Property Reporter, Puravankara Limited, Top Real Estate Brands, Best Realty Brands, Clean Money

No cash deal can change the face of Indian realty: Ravi Puravankara

Corporate governance & professionalism seem to be the emerging mantra of survival for Indian real estate. But the man who visualised the need for this decades back, maintains a low profile to not take any credit  as the first-mover of institutionalising Indian real estate. As the industry body CREDAI decorates Ravi Puravankara for the lifetime achievement, Ravi Sinha interviews him to understand what goaded this first-mover to adopt corporate governance.

Brand Rating Track2Realty BrandXReport 2022-23

Prestige emerges as new National Brand Leader

Prestige Group has emerged as the new Brand Leader of Indian real estate. The brand had continuously been closer to the Leadership and among the Top 3 National Brands. Brigade Group makes a giant leap and jumps from Number 5 to now the 2nd Best Brand of the business. DLF is continuously scaling up and now rests as 3rd Best Brand at the National level. Godrej Properties is losing its sheen as a Valuable Brand and slips down to Number 5 from Number 2 this fiscal year. Puravankara is also proving to be the Dark Horse of the National Brand Leadership and emerges from Number 7 to now at Number 5.

Company News Financial Results, Puravankara Limited, Ashish Puravankara, Bengaluru Property Market, India's Best Realty Brands, Quarterly Results, Financial Results

Puravankara reports highest ever Q3 sales; revenue growth of 67% amounting to INR 410 crore

On Puravankara’s future plans he said, “We will continue to work towards expanding our market share,and we are excited to announce that in Q3FY23 the group has achieved increased revenue from projects by 77%, increased collection from operations by 87% from construction and delivery against the similar quarter in the previous year. This is supported by increased sales and new launches of over 4.11 msft in 9MFY23 with the last quarter of the current financial year adding another 2.17 msft. Our per Sq. Ft. of debt on under construction area has reduced by 49% from INR 2,524 to INR 1,291 over the last four years.

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