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All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
 
The imagery used on the website and brochures are indicative of style only. Photographs of interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.
 
Changes may be made during the development of a real estate project and standard fittings and specifications are subject to change without notice. Standard fittings and finishes are subject to availability and vendor discretion. Fittings, finishes and fixtures shown in the images contained in this brochure are not standard and will not be provided as part of an apartment. The information contained herein is believed to be correct but is not guaranteed. Prospective purchasers should make and must rely on their own enquiries. The colours of the buildings are indicative only. This website and all brochures are a guide only and do not constitute an offer or contract.

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CEO's Desk

Real-Estate Overview:
From the desk of Jackbastian K. Nazareth, CEO, Puravankara Projects Limited

Despite global economic sluggishness, Indian real-estate occupies a dominant position in private equity investment, for the simple reason that India offers better returns than the global average.  While the depreciating rupee is a concern for our economy, it is a key driver of NRI investment in India.  NRI contribution to real-estate purchase which doubled over the last year will be further fueled by the falling rupee.  On the domestic front, demand for quality homes continues unabated.    Real-estate developers with a reputation for quality, affordability and transparency will do well. 

Puravankara Projects has done well in the luxury and premium affordable segments–margins have been steady, both at the gross and net profit levels in the last financial year.  We expect to maintain that momentum going forward.

Bangalore is India’s fastest growing metro, the population having ballooned over 45% in the past decade, to nearly 10 million.  Favorable socio-economic conditions have lured people across the country to “India’s Silicon Valley”.  Furthermore, the salubrious climate and cosmopolitan lifestyle make it the favorite destination of expats and NRIs. 

Bangalore is an end-user driven market and residential real-estate demand has been relatively resilient. With 60% of the city’s population living in rental homes, there is significant opportunity for investors too, particularly NRIs, on account of the strengthening dollar. We are seeing sustained buyer interest and believe absorption levels will increase.  Residential units in the mid-market segment account for 70% of market absorption.   Our Provident brand, which caters to this segment, has been very well received and we expect that trend to continue.

In response to Bangalore’s burgeoning demand, four new properties from the Puravanakara suite of offerings will be launched in the coming quarters.

About Puravankara Projects Limited:

Puravankara Projects Limited is a leading real estate company in India,with significant presence in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai, Saudi Arabia and Colombo. The company has the distinction of being the first developer to obtain FDI in the Indian real estate industry through a joint venture with Singapore based Keppel Land Limited, the property arm of the conglomerate Keppel Corporation Limited.  Two projects under the joint-venture initiative are underway in Bangalore and Kolkata.

Provident Housing Ltd. is a wholly owned subsidiary of the group.  It was established in response to the growing demand for mid-segment housing. Currently two large projects comprising 5,500 units are under development in Chennai and Bangalore.

For further details, visit our website:  www.puravankara.com

Disclaimer:- The imagery used in the website is indicative of style only. The photographs of the interiors, surrounding views and location may have been digitally enhanced or altered and do not represent actual views or surrounding views. These photographs are indicative only.

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