Puravankara gains as its arm to launch new phase of Provident Ecopolitan in Bengaluru
Puravankara is currently trading at Rs. 349.85, up by 2.50 points or 0.72% from its previous closing of Rs. 347.35 on the BSE.
The scrip opened at Rs. 350.45 and has touched a high and low of Rs. 358.45 and Rs. 343.75 respectively. So far 5292 shares were traded on the counter.
The BSE group 'B' 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. 175.05 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 358.45 and Rs. 326.15 respectively. The current market cap of the company is Rs. 8248.07 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.10% and 6.91% respectively.
Puravankara’s wholly owned subsidiary -- Provident Housing is all set to launch a new phase of Provident Ecopolitan in Bengaluru this weekend (January 18, 2025 & January 19, 2025). Building on the overwhelming sold-out success of Phase 1, the new phase offers thoughtfully designed homes that seamlessly integrate sustainable design with contemporary living.
The new phase comprises 581 residential units available in 1 BHK, 3 BHK, and 3.5 BHK configurations, spread across two towers. The sizes range from 530–590 sq. ft. for 1 BHK units, 1,492-1,550 sq. ft. for 3 BHK units, and 1,793–1,911 sq. ft. for 3.5 BHK units, catering to diverse homeowner needs. Strategically located in the rapidly developing KIADB Aerospace Park, the project provides seamless connectivity to the Kempegowda International Airport, Yelahanka Railway Station, and Bagalur Cross Metro Station (under construction). The project is also well-supported by robust social infrastructure, including leading educational institutions, healthcare facilities, and retail centres in the vicinity.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
