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Puravankara Projects Ltd has announced a Rs 1,700 crore luxury residential project at Pallikaranai in the suburbs of Chennai. Purva Windermere, coming up on 55 acres, would have 2,688 units to be completed in 48 months time. The company would complete the project in three phases, with the first phase comprising of 728 housing units and will be ready for delivery in next 30 months. The company would raise Rs 225 crore by issuing debentures for the project and would infuse Rs 75 crore out of this in the initial stages. The rest of the investment would be generated from sales in the first phase.

With the new launch, the company would have an investment of Rs 2700 crore in various projects in Chennai. The other projects of the company in Chennai includes Rs 480 crore- Provident Cosmo City near Siruseri IT Park, Kelambakkam, developed under its wholly owned subsidiary Provident Housing Ltd and Rs 450 crore Purva Swanlake, at Old Mahabalipuram Road (OMR), which are under development. It also includes a Rs 70 crore residential project, Purva Jade, at Valsaravakkam which has been completed and handed over to the customers. The company has a total of 20 million sq ft under pipeline in various parts of the country and in Sri Lanka, of which almost 18 million sq ft are undergoing construction. It has acquired a 25-acre land in Colombo, Sri Lanka for a real estate development.crackcrack

Puravankara Share Price

216.85 -8.70 (-3.86%)
20-Apr-2026 16:59 View Price Chart
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