Puravankara climbs on acquiring 7.26-acre land parcel in Bengaluru
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Puravankara is currently trading at Rs. 559.00, up by 15.95 points or 2.94% from its previous closing of Rs. 543.05 on the BSE.
The scrip opened at Rs. 555.00 and has touched a high and low of Rs. 565.00 and Rs. 535.00 respectively. So far 20349 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 565.00 on 03-Jul-2024 and a 52 week low of Rs. 92.80 on 04-Jul-2023.
Last one week high and low of the scrip stood at Rs. 565.00 and Rs. 452.00 respectively. The current market cap of the company is Rs. 13090.66 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.08% and 7.92% respectively.
Puravankara has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru. Hebbagodi is strategically located near Electronics City and is well-connected to other parts of the city, making it an attractive location for residential developments. The area is a desirable location for IT professionals working in Electronics City.
The area has a well-developed social infrastructure, with major hospitals, international schools and retail, and the IT hub of Electronics City Phase 1 and Phase 2, located within a 5-km radius. The land parcel is also close to the Hebbagodi Metro Station. The proximity to IT campuses and the growing infrastructure and connectivity make it an attractive option for homebuyers. The saleable area of the project will be around 750,000 sq ft, with a potential Gross Development Value (GDV) of over Rs 900 crore.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
