Puravankara Projects soars on partnering with 99acres.com

24 Dec 2014

Puravankara Projects is currently trading at Rs. 83.15, up by 2.05 points or 2.53% from its previous closing of Rs. 81.10 on the BSE.

The scrip opened at Rs. 82.35 and has touched a high and low of Rs. 83.65 and Rs. 81.00 respectively. So far 10910 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 133.90 on 11-Jul-2014 and a 52 week low of Rs. 50.00 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 88.40 and Rs. 73.45 respectively. The current market cap of the company is Rs. 1974.27 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 21.01% and 3.99% respectively.

Puravankara Projects and its subsidiary Provident Housing have entered into a partnership with 99acres.com to offer online booking services for their homes. 99acres.com has entered into a strategic partnership for the first time to offer this service to potential buyers.

The partnership with Puravankara will allow customers to view property on 99acres.com's 3D rendering platform to experience a virtual site visit and explore available units. Purvankara has listed two projects - Purva 270 and Provident Rays of Dawn, two of Bengaluru's high-growth residential projects, for this offer. The ‘Greatest Online Christmas offer’ is on from December 21 to December 27, 2014.

Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Sri Lanka. The company has 25.52 million square feet of projects under development with additional 79.83 million square feet in projected development over the next 7-10 years.

Related Puravankara Ltd. Links:

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