Company Profile

Since its inception in 1975, Puravankara has believed that there is only one mantra for success: Quality. This credo combined with uncompromising values, customer-centricity, robust engineering and transparency in business operations, has placed it among the ‘most preferred’ real estate brands in both residential and commercial segments.
The Company has grown from strength to strength, having successfully completed 48 residential projects and 2 commercial projects spanning upto 23.54 million square feet (PPL’s economic interest –20.93 msft). Currently it has 24.87 million square feet / 17,895 units (PPL’s economic interest – 22.03 msft/ 16,188 units) of projects under development, with an additional 22.73 million square feet(PPL’s economic interest – 18.98msft) in projected development. An ISO 9001 certification by DNV in 1998 and a DA2+ rating by CRISIL are testaments to Puravankara’s reputation as a real estate developer of the highest quality and reliability standards.
The Group commenced operations in Mumbai and has established significant presence in the metropolitan cities of Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai, Colombo and Saudi-Arabia.
Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry. It achieved so through its joint venture with Singapore based Keppel Land Limited, the property arm of the 54% government owned conglomerate, Keppel Corporation Limited. The joint venture company, Keppel Puravankara Developm ent Private Limited, has several ongoing housing projects in India. Puravankara prides itself on continual innovation to meet evolving market needs. Provident Housing Ltd., a wholly-owned subsidiary was launched in 2009, to cater burgeoning demand in the affordable housing segment. Nearly 12 million square feet of projects are under development at the present. The company plans to expand its presence with the continued unabated demand in the market.
The Puravankara Group Companies has the distinction of being awarded 'Finaliste, International Prix d' Excellence –1998' for its project "Purva Park" in Bangalore. The award was adjudged under the group residential category by FIABCI in Paris, the International Federation of Real Estate. Puravankara has also bagged the Realty Plus Excellence Award - 2012 in the category 'Popular Choice - Developer of the Year: Residential.' Ravi Puravankara, Chairman, has received the 'Lifetime Achievement' award. Jackbastian K. Nazareth, CEO, was deemed "Most Enterprising CEO." Puravankara has a workforce of over 900 skilled personnels, including 205 engineers and in-house architects who fuel the organization's vision of delivering quality products to its consumers perpetually.

We envision a future wherein Puravankara is a household name the world-over. A future wherein our brand symbolizes unique landmarks and superior community living of the highest standards of quality and customer delight.

At Puravankara, all our endeavors revolve around just one entity – our customers. Their need, dreams and aspirations are pivotal to our decisions. We call this “The You Philosophy”.

Message from the Chairman

"If there is one reason why Puravankara has evolved consistently across the last four decades to emerge as one of India’s fastest growing real estate development companies, it is because we have invested in our core values with passion to the point that they have become a part of our culture. And this culture is putting ‘People at the heart of everything we do’, be it customers, employees, community, government, shareholders or business partners.

While appraising the performance of real estate development companies, it would be simplistic to believe that success is derived from the ability to mobilize financial resources, buy land parcels, appoint dependable contractors and market apartments. At Puravankara Projects, we feel that success is derived from the ability to lead, motivate, inspire, delegate and empower; at a more fundamental level, success is derived from the ability to learn, care and deliver. What excites me is how we transformed a legacy way of doing business in a staid industry into a passion-driven approach on how we can make a difference every day at work. The bottom line is that this ‘difference’ would not just translate into doing different things, but more importantly doing things differently to elevate our communities.

With India on its growth trajectory, there is a need for dependable and professional Real Estate developers that have an unwavering commitment to excellence. Puravankara believes in strong corporate governance, highest levels of integrity and transparency. We look at India’s economic growth as an opportunity to empower people, enrich their lives and to contribute to the nation’s development. One of our pioneering initiatives include recognizing the need for affordable housing in the country back in 2006. With this foresight, we set up Provident Housing to cater to the aspiring mid income segment, having successfully delivered several projects across cities over the years. Puravankara’s innovatively conceptualized luxury theme based projects have set a benchmark of creating homes around lifestyles, with world class landscaping and amenities.

Going ahead, as the external environment becomes increasingly challenging, we have looked within to strengthen our fundamentals and competitive advantage, the benefits of which shall progressively accrue. With a legacy of 40 successful years, Puravankara has seen several economic cycles in the Industry and is well equipped with the knowledge bank to set the right course for our next phase of growth.

The reinvented Puravankara is more confident than ever of building on this foundation to make growth from this point appreciable, profitable and sustainable as we build an Institution for times to come."

Ravi Puravankara

Ravi Puravankara
Our journey
1975

Founded

1986

Incorporated as Puravankara Projects Limited

1989

Puravankara establishes presence in Dubai

1994

Launched India’s first large scale theme-based residential project

1998

Ravi Puravankara appointed President of the International Real-Estate Federation (FIABCI), Indian Chapter, Paris. Puravankara project (Purva Park) adjudged finalist at International Prix d ‘Excellence, Paris

2005

Puravankara among the first real-estate companies to obtain FDI through a joint venture with Keppel Investments Mauritius Private Limited, a subsidiary of the Singapore based Keppel Land Limited

2006

Puravankara set up branch office in Colombo, Sri Lanka.

2007

Puravankara listed on National Stock exchange and Bombay Stock Exchange.

2008

Provident Housing Limited established as a wholly owned subsidiary to address growing mid-income housing segment.

2009

Starworth Infrastructure and Construction Limited set up as a 100% subsidiary to enhance competitiveness through backward integration in construction.

2012

Puravankara establishes presence in Saudi Arabia.

2015

Puravankara launches projects in Pune & Hyderabad. Expands in Mumbai & Goa.

leadership

S

Sonali Rastogi
Non-Executive Independent Director
Sonali Rastogi
Non-Executive Independent Director

Ms. Sonali Rastogi Graduated from the School of Planning and Architecture (New Delhi) and The Architectural Association (London) with a graduate diploma in Housing and Urbanism and a second graduate diploma in Graduate Design, Sonali is Founder Partner of Morphogenesis. Sonali has recently been awarded Laureate of the SIA Getz Award for Emergent Architecture in Asia, Singapore 2014, which seeks to bring recognition to Asian architects, who through their vision and commitment have made a significant contribution in shaping the changing landscape of Asia. Ms.Sonali Rasotgi is a member of the Delhi Urban Arts Commission (DUAC), a Fellow of the IIA (Indian Institute of Architects) and the RSA (Royal Society of Arts, UK). She has been responsible for a number of nationally and internationally acclaimed projects. Issues related to the environment and sustainability are at the core of Ms.Sonali’s design attitude and her experience and expertise in Architecture/ Interior Design has been recognized by way of numerous awards and accolades. Ms.Sonali has recently been listed among the 10 icons of the design world by the celebrated Platform Magazine. She lectures globally, has been a part of various academic and design juries, and been a speaker at events such as The Design Leadership Summit 2014 (New York), GRIHA Conference 2014, India Design ID 2013 Symposium, Women Leaders in India Conference & Awards, Pecha Kucha (Sydney and New Delhi). Sonali is also a founder member of manthan; a cross-cultural platform for creative exchange, aiming to be the voice of the Indian creative community.

Awards & Recognition
Quality Policy
Puravankara has introduced transformational initiatives to enhance project delivery and quality

QMS

‘Quality Management System’ is a repository of processes and systems, which define all activities at Puravankara. The QMS ensures delivery of a quality product at optimum cost and minimum impact to the environment and society at large. QMS training is mandatory for all employees, upon qualification they are QMS certified. Puravankara’s QMS conforms to the ISO 9001 standard.

PRM

Project Review Management is a monthly review process for ongoing projects. PICs (project-in-charge) prepare a progress report benchmarked against international best practices including project progress, project cost report, project inventory and project risks. Senior management presence at these forums enables quick resolution of project issues and provides impetus for speedy execution. The PRM rates all PPL projects on key parameters such as progress, schedule, cost, quality, safety and housekeeping. Outstanding projects receive a commendation every month; best-in-class projects are awarded every quarter.