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Nirmal Bang Report
Key takeaways from the conference call moderated by the management of Puravankara Ltd. about the company’s overview, quarterly results and the current demand scenario.
Puravankara is one of the leading real estate developers, providing diversified premium and affordable housing and commercial spaces. The company is predominantly in the residential space and has a strong footprint in South India (Bangaluru, Chennai and Coimbatore.
The company intends to expand its footprint in Mumbai and Pune markets given the growth prospects, management expertise and consolidation of small players in these markets.
Puravankara has a huge land bank of 64.95 million square feet, which shall be utilised towards development of residential and commercial projects across markets. Of which, 22.37 million square feet is used for ongoing projects.
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