Puravankara Limited

Puravankara Limited is a listed real estate builder based in Bengaluru, started in 1975 by Ravi Puravankara. It builds luxury homes under the Purva brand and mid-priced homes through Provident Housing. The firm has finished over 90 projects and about 5.27 crore sq ft across South and West India. In FY26, it posted record sales bookings of ₹7,407 crore, up 55 per cent from the year before.

This guide explains who owns and runs the firm, how it grew and which brands sit under it. It also covers the latest results, the 2026 land deals and the key questions buyers ask. Towards the end, you will see how Purva District in North Bangalore fits into its growth plan.

Puravankara Limited at a Glance

How Did Puravankara Limited Grow Over Five Decades?

Ravi Puravankara started the business in 1975, and it marked its 50th year in 2025. He set it up as a company in 1986, and it opened an office in Dubai in 1989. In 1997, it built what it calls India's first large themed housing project.

The 2000s brought outside money and a stock market listing for the business. In 2005, it became one of the first Indian builders to raise foreign money, via Keppel. It listed on the BSE and NSE in 2007, then launched Provident Housing in 2008.

The last ten years have focused on raising money for growth and widening the range of homes. The firm dropped "Projects" from its name in 2018 and took its current name. IFC, the World Bank's private arm, invested in Provident's affordable projects in 2020. In April 2024, HDFC Capital committed ₹1,150 crore to Provident Housing.

Who Owns and Runs Puravankara?

The founding family still controls the business as its promoter group. Ravi Puravankara serves as Chairman, and CREDAI Karnataka gave him a Lifetime Achievement Award in 2023. Nani R Choksey is Vice-Chairman, and Ashish Puravankara runs the firm as Managing Director.

The daily business in the south now runs under Mallanna Sasalu, who became CEO South in May 2025. He took over the role after Abhishek Kapoor, the former group CEO, stepped down that month. He has also led the talks on the new Bengaluru land deals the firm signed in 2026.

Which Brands Sit Under Puravankara Limited?

The group runs several brands, and each one serves a different kind of buyer or task.

• Purva is the flagship brand for premium and luxury homes in cities such as Bengaluru, Mumbai and Pune.
• Provident Housing builds mid-market homes, and it has more than 55,000 residents across nine cities.
• Purva Land focuses on plotted projects for buyers who want to build their own homes.
• Starworth Infrastructure is the construction arm, and it runs a precast factory in Bengaluru.
• Purva Streaks handles home interiors and has served over 25,000 customers so far.

This set-up keeps land, design, building and interiors under one roof. For you, that means fewer outside firms and a single team that answers for the finished home.

Where Does Puravankara Build?

Bengaluru is the firm's home base and by far its largest market today. It also builds in Chennai, Hyderabad, Kochi, Coimbatore, Pune, Mumbai, Goa and Mangalore. Abroad, it has opened offices in Dubai, Colombo and Saudi Arabia over the years.

In 2026, most fresh land deals have stayed in Bengaluru, with Mumbai rebuilds as the second focus. The firm now plans about 2.05 crore sq ft of new launches, mostly in these two cities.

How Did Puravankara Perform in FY26 and Q1 FY27?

The firm had its best ever sales year in FY26, and the next quarter kept the pace. The table below sets out the main figures from its own results releases.

Two points help you read these numbers in the right way. First, Indian rules count revenue only at handover, so profit lags sales by a few years. Second, net debt stood at ₹2,836 crore in June 2026, or 1.57 times its equity. Higher sales and cash inflows help, but debt is still a figure worth watching each quarter.

What Land Has Puravankara Added in 2026?

The firm has bought or signed for five Bengaluru land parcels so far in FY27. Together, these cover about 49.76 acres with a GDV of roughly ₹6,300 crore.

• Mandur, East Bengaluru: 14.57 acres with a GDV of about ₹2,300 crore.
• Doddagubbi, North Bengaluru: an 11.23-acre joint development worth over ₹1,100 crore.
• Sarjapura, South-East Bengaluru: a 6.4-acre joint development worth over ₹1,000 crore.
• Sanna Ammanikere, North Bengaluru: 9.73 acres bought outright, with a GDV of about ₹800 crore.
• South-East Bengaluru, near Electronic City: a 7.83-acre joint development worth about ₹1,100 crore.

This run of deals follows FY26, when the firm added land worth about ₹15,200 crore in sales. Those additions included Malabar Hill and Chembur in Mumbai, plus Hennur Road and Anekal in Bengaluru.

Is Puravankara a Good Builder?

A builder's record matters more than its brochure, so look at delivery, quality and money in turn. On delivery, the firm has finished over 90 projects and handed over 3,747 homes in FY26. It also finished 45.3 lakh sq ft that year, its highest ever.

On quality and design, it has won several industry awards in recent years. Purva Orient Grand and Purva Blubelle won at the 2025 Realty+ Excellence Awards South. Earlier, Purva Zenium, Purva Clermont and Purva Emerald Bay won design and residential awards.

On money, sales and cash inflows have grown, though debt stays on the high side for the sector. So your best checks are the RERA record, the exact tower and the payment plan. Visit a few of its finished projects and speak to residents before you commit.

Purva District: Puravankara's New Address in North Bangalore

The Sanna Ammanikere deal from June 2026 sets up one of the firm's most awaited launches. Purva District will rise on this 9.73-acre parcel near Devanahalli, just off NH-44. Kempegowda International Airport sits about 8 to 10 km away, roughly a 10 minute drive.

The plan keeps about 75 per cent of the land open, with four towers and over 800 homes. You can choose 2, 3 or 4 BHK homes from 1,150 to 2,400 sq ft. Prices start at ₹1.05 crore and go up to about ₹2.76 crore. A 35,000 sq ft clubhouse holds over 40 planned features for the whole family.

Expressions of interest open in November 2026, with a ₹5 lakh booking charge. The firm plans the formal launch for December 2026 and expects RERA approval around then. Possession starts from December 2030, and you pay in stages as the towers rise on site.

If you already trust the Purva name, this project gives you an early way into the airport belt. It also sits close to the firm's other North Bangalore work, such as Purva Northern Lights.

Latest News on Puravankara Limited

• On 20 September 2026, Provident Housing launched Phase 6 of Provident Equinox in Kengeri, South Bengaluru.
• On 25 August 2026, Puravankara signed a 7.83-acre joint development near Electronic City, worth about ₹1,100 crore.
• On 14 August 2026, Q1 FY27 results showed revenue up 63 per cent to ₹877 crore.
• In July 2026, the firm agreed to sell its Purva Zentech office block to ICICI Prudential AMC.
• On 17 June 2026, Puravankara bought 9.73 acres at Sanna Ammanikere, which will host Purva District.
• In June 2026, it signed a joint deal for 11.23 acres in Doddagubbi, North Bengaluru.
• Early in FY27, the firm secured 14.57 acres in Mandur, East Bengaluru, worth about ₹2,300 crore.
• On 19 May 2026, FY26 results showed record sales of ₹7,407 crore and FY27 guidance of ₹11,200 crore.

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