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On an evening where crores were bandied around with abandon despite the current recession, real estate builder Brigade Group emerged as the highest bidder and bagged the ownership rights of the most coveted team in the Karnataka Premier League (KPL) — the Bangalore Urban team. The Brigade Group won the bid at Rs. 7.2 crore payable over a ...

Provident Housing, a fully-owned subsidiary of the Bangalore-based Puravankara Group, is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been struck for a value of Rs 150 crore. A person involved in the deal said the company is planning a low-cost housing project. The deal between Provident ...

Provident Housing Ltd, a wholly-owned subsidiary of Puravankara Projects, has launched its affordable housing project in Bangalore. Welworth City is its second project in the country; the first project was announced in Chennai. The company is also exploring options in Hyderabad and Coimbatore. Provident Welworth City in Bangalore is a Rs ...

This is a Good News for all those who has invested in Puravankara's IPO, Puravankara Projects registered a consolidated net profit of Rs 61.89 crore for the quarter ended June 30, up by 41 per cent compared to the corresponding quarter last fiscal. The firm registered an income at Rs 157.58 crore for the quarter, an increase of 31 percent over ...

Puravankara Projects has announced its fourth quarter and FY08 results. The company's FY08 consolidated net sales were up at Rs 565.81 crore from Rs 416.85 crore. Its FY08 consolidated net profit was up at Rs 240.05 crore versus Rs 129.10 crore. Its Q4 consolidated net sales were up at Rs 546.9 crore from Rs 140.95 crore. Its Q4 ...

Puravankara may not have a very successful listing but that has not deterred the massive expansion the company is planning. The company is focusing on its hotels divisions and in an exclusive chat with NDTV the company's management reveals that hospitality is where it sees big growth coming from going forward. "We have some massive ...

MUMBAI: The initial public offering of Puravankara Projects was subscribed 1.91 times according to data available on the exchanges’ websites at 8 pm on Wednesday. The IPO received bids for over 4.09 crore shares against the issue size of 2.14 crore shares. However, the issue evoked a tepid response from non-institutional and retail ...

Unstable markets have prompted Puravankara Projects, a Bangalore-based real estate company, to revise its initial public offer (IPO) price from Rs 500-525 per share to Rs 400-450 per share and extend the closing date by five days to August 8.  The company will now be raising Rs 850 crore at the lower end and Rs 956 crore at the higher end, ...

BANGALORE: The Joint Committee of Legislature on Land Encroachment in Bangalore City/Urban District headed by A.T. Ramaswamy on Thursday tabled its second interim report, which runs to 130 pages, in the Legislative Assembly detecting encroachment of about 30,000 acres of land belonging to different departments and statutory bodies in the ...

Girish Purvankara, MD of Purvankara Projects said that the money raised from the public issue will be utilized for buying more land.  They have developments happening in Bangalore, Kochi, Chennai and Coimbatore. Excerpts from CNBC-TV18's exclusive interview with Girish Purvankara:   Q: What is the ...