Joint ventures
In March 2011 Puravankara acquired foreign direct investment in the real estate industry by partnering with Keppel Land Limited, a property subsidiary of Keppel Corporation, a conglomerate that is 54% government-owned, based in Singapore. [13]
In 2015, Godrej Properties acquired 18 acres of land from Puravankara in Bengaluru]]. [14]
In July 2016, Puravankara partnered with Tata Projects to ensure the timely completion and superior construction of its projects. [15]
In January 2018 Snapdeal partnered with Puravankara, to promote and sell 200 ready-to-occupy apartments across four cities - Chennai, Bengaluru, Coimbatore, and Kochi. [16]
In July 2018, Puravankara entered into a partnership with Invento Markerspaces, a Bengaluru-based robotics company, as part of its efforts to integrate artificial intelligence into its operations. Following the partnership, Puravankara introduced two robots, Mitra and Mitri, to serve as the initial point of contact for visitors. These robots were capable of capturing personal information and photographs of visitors. [17] In December 2020, the International Finance Corporation (IFC), and IFC Emerging Asia Fund (EAF) announced a partnership with the Puravankara Group, for investing in up to four residential projects under the housing brand Provident. [18]
In October 2021, IBM Global Business Services (GBS) declared a partnership with Puravankara Limited to drive technology-led advancements in its operations through the adoption of RISE with SAP. [19]
Projects
In 2008, Puravankara launched 13.93 million square feet of space in Chennai, Bangalore, Mangalore, and Coimbatore. [20] In March 2011, Puravankara launches a new property called Purva Windermere in the city of Chennai. According to The Hindu report The project was estimated to cost Rs. 1,700 crore, with a debt component of Rs. 225 crore. [21] As per the Livemint report, In March 2016 Puravankara, has launched a residential project called "Purva Silversands" in Mundhwa, located in Pune, which is estimated to cost a total of ₹480 crores. The project was developed in collaboration with Oxford Group and Ekta World. The residential development encompasses an area of 1.5 million square feet. [22] In 2018, Puravankara and Sobha launched a joint venture project called Marina One, a luxurious waterfront residential complex in Kochi, Kerala. The project is located at Marine Drive, with a pristine 497-meter waterfront. [23]
In June 2019, Puravankara launched 13 new projects costing ₹3,000 crore. Six were situated in Bengaluru, three in Mumbai, two in Pune, and one each in Chennai and Kochi. [24] In December 2019, Puravankara develop three ultra-luxury residential projects under a new brand WorldHome Collection located in Bengaluru, Chennai, and Mumbai. Puravankara developed a total area of 2.2 million square feet with an estimated cost of approximately Rs 850 crore. [25] [26]
In June 2020, Puravankara invests Rs 1,100 crore in the development of two housing projects in Bengaluru, named Provident Woodfield and Purva Atmosphere. [27] According to Financial Express, In February 2022, Puravankara invested Rs 1,550 crore in a Kochi-based real estate project named Provident Winworth. The project is spread over 18 acres and covers a total area of 3 million square feet. [28] [29]
In November 2023, Puravankara secured the residential redevelopment rights for two housing societies in the western suburbs of Mumbai. Situated in the heart of Lokhandwala in Andheri West, the project is spread over 3 acres. [30] [31]
In March 2024, Puravankara Limited launched a residential plotted development project named Purva Kensho Hills in Bengaluru, India. [32]
In April 2024, Puravankara was appointed as the preferred developer for Mumbai’s Pali Hill redevelopment project. According to media reports, the project has an estimated Gross Development Value of ₹2,000 crore. [33]
In 2024 Puravankara launched a plotted development project named Purva Soukhyam in Guduvancheri, Chennai comprising in 2,200 plots with a focus on wellness. [34]
In June 2024, Puravankara acquired 12.75 acres of land in Patlipada on Ghodbunder Road, Thane. [35]
In September 2024, Puravankara acquired the redevelopment rights of a prestigious society Miami Apartments at Breach Candy. Spread across approximately 2,000 square meters. [36]
In January 2025, Puravankara acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. The land parcel in Vajrahalli, Kanakapura Road, spans an area of 3.63 acres. [37]
