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Re-entering Mumbai with ultra-luxury project boosts Puravankara

The announcement was made at the fag end of market hours yesterday, 9 March 2021.
The stock is currently trading above its 50-day moving average (DMA) placed at Rs 82.82 and its 200-day moving average (DMA) placed at Rs 57.55.
WorldHome Collection is the new range of ultra- Luxury homes by Puravankara. Through this project, the company aims to provide sustainable, futuristic and exclusive homes designed by world-renowned architects. Puravankara has invested almost Rs 450 crore with an expected top-line 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.
The last few months have witnessed a steady growth in the luxury housing segment, which is indicative of a shift in the post-pandemic consumer behaviour, Puravankara said. Leveraging this shift and latent demand, the company believes this is the right time to bring their ultra-luxury World Home Collection homes to Mumbai, it added. ....

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Puravankara enters Mumbai with ultra-luxury project 'Purva Clermont'

March 09, 2021
Ashish R. Puravankara×
The project will see four towers with a total of 233 residential units and one tower of 79 commercial units
Puravankara Limited, a Bengaluru-based real estate developer, to kick off its national expansion plan launched its first ultra-luxury project in Mumbai - ‘Purva Clermont’.
The venture marks 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 project, the company aims to provide sustainable and exclusive homes.
The company has invested about ₹450 crore with an expected topline revenue of ₹800 crore. The development will be in four towers with a total of 233 residential units and one tower of 79 commercial units. ....

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Puravankara forays into Mumbai with Rs 450-cr ultra-luxury project

Marking its entry into the Mumbai-market, Bengaluru-based realty player Puravankara is investing Rs 450 crore to launch a residential-cum-commercial luxury project in the city’s Chembur suburb. This project will have four towers with a total of 233 residential units with 2-,3- and 4-BHKs and one tower of 79 commercial units.
It is a 2.25 acre project on the land parcel completely owned by the company. “We will start construction in 90 days and intend to complete the project in the next four years,” said the company COO Abhishek Kapoor. The company expects a topline revenue of Rs 800 crore from this project.
Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai. According to an Anarock report, post the pandemic non-resident Indians are once again scouting for luxury homes in the country, with the IT hubs Bengaluru and Pune seeing the highest NRI demand. ....

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Puravankara Re-enters Mumbai with its First Ultra-Luxury Project in the City

Puravankara Re-enters Mumbai with its First Ultra-Luxury Project in the City ....

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Puravankara re-enters Mumbai with Rs 450 crore ultra-luxury project

Puravankara re-enters Mumbai with Rs 450 crore ultra-luxury project
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