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Puravankara zooms on launching first ultra-luxury project ‘Purva Clermont’ in Mumbai

10 Mar 2021

Puravankara is currently trading at Rs. 83.55, up by 3.40 points or 4.24% from its previous closing of Rs. 80.15 on the BSE.

The scrip opened at Rs. 83.70 and has touched a high and low of Rs. 86.55 and Rs. 82.65 respectively. So far 51776 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 96.00 on 07-Jan-2021 and a 52 week low of Rs. 28.65 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 86.55 and Rs. 74.70 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 18.08% and 6.92% respectively.

Puravankara has launched its first ultra-luxury project in Mumbai, ‘Purva Clermont’. This venture will mark its re-entry in the city and its maiden foray into the ultra-luxury category under the WorldHome Collection in the Mumbai Metropolitan Region (MMR). WorldHome Collection is the new range of ultra- Luxury homes by Puravankara.

Through this ambitious project, the company aims to provide sustainable, futuristic and exclusive homes designed by world-renowned architects. Puravankara has invested almost INR 450 crore with expected topline revenue of Rs 800 crore. The development will see four towers with a total of 233 residential unit and one tower of 79 commercial units.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

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