Puravankara Projects surges on launching commercial property investment scheme

29 Sep 2016

Puravankara Projects is currently trading at Rs. 48.30, up by 0.50 points or 1.05% from its previous closing of Rs. 47.80 on the BSE.

The scrip opened at Rs. 48.05 and has touched a high and low of Rs. 48.80 and Rs. 47.80 respectively. So far 10870 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 68.90 on 15-Oct-2015 and a 52 week low of Rs. 42.10 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 48.90 and Rs. 47.15 respectively. The current market cap of the company is Rs. 1146.62 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 18.78% and 6.22% respectively.

Puravankara Projects has reportedly launched a scheme for those keen on investing in commercial property. Investors can buy an undivided share of floor space in Purva Primus, a modern office building at Thoraipakkam on the IT Corridor to the south of Chennai and lease it back to the developer, who will let it out on rent and manage the property. For Rs 28 lakh, buyers can get 350 sq ft of undivided share of space on any one of the floors in the 13-storied building with two basements.

Puravankara Projects is a leading real estate company in India, with significant presence in Bengaluru, kochi, Chennai, Hyderabad and Mysore.

Related Puravankara Ltd. Links:

Puravankara Share Price

77.50 -2.30 (-2.88%) May 14, 18:01
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