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Puravankara Projects rises on plan to launch luxury project in Bangalore

25 Jan 2013

Puravankara Projects is currently trading at Rs. 102.70, up by 0.40 points or 0.39% from its previous closing of Rs. 102.30 on the BSE.

The scrip opened at Rs. 99.05 and has touched a high and low of Rs. 104.10 and Rs. 98.05 respectively. So far 11518 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 122.80 on 18-Jan-2013 and a 52 week low of Rs. 55.05 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 122.80 and Rs. 100.05 respectively. The current market cap of the company is Rs. 2200.40 crore.

The promoters holding in the company stood at 89.96% while Institutions and Non-Institutions held 8.20% and 1.84% respectively.

Puravankara Projects, a premier real-estate developer in the country, is launching a luxury residential apartment project in Rajajinagar at Bangalore. The expected gross revenues from the project are in excess of Rs 250 crore. Located in a prime area of Rajajinagar in central west Bengaluru, the project is just 1.4 km from the city railway station and about 2.7 km from the commercial hub, Majestic bus stand.

The project will have a little over 300 units of two and three bedrooms spread over an ambling 4 Iakh square feet, 79% of which will be open area. The two bedroom apartments are between 1,200 and 1,408 square feet and 3 bedroom apartments are 1,600 to 1,792 square feet, with prices ranging from Rs 6,500 to 7,000 per square feet. The project will also have 2 level basement parking and high speed lifts.

Puravankara Projects is a leading real estate company in India, with significant presence in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in the United Arab Emirates, Kingdom of Saudi Arabia and Sri Lanka.

Related Puravankara Ltd. Links:

Puravankara Share Price

134.50 2.60 (1.97%) Dec 07, 18:01
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SEBI Registered: Investment Adviser - INA000013323