Puravankara announced that the company has been unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai. Pali Hill is a premium address in Bandra West, with property rates ranging from Rs 1 Lakh to Rs 1.20 lakh per sq ft. The project has a cumulative estimated development potential of 4.10 lakh sq ft carpet area, with over ~2.15 lakh sq ft available for sale, and a potential Gross Development Value (GDV) of over Rs 2,000 crore. Strategically positioned, the residential society is spread slightly over two and a half acres and is one of the largest in the micro�]market. At present, the company is in advanced stages of discussions for the redevelopment of three to four other prestigious housing societies in Mumbai. Powered by Capital Market - Live News

Puravankara announced the resignation of Nani R Choksey as Executive Director of the company with effect from 11 March 2024. Powered by Capital Market - Live News

Puravankara announced that the Board of Directors of the Company at its meeting held on 23 January 2024, inter alia, have recommended the interim dividend of Rs 6.3 per equity Share (i.e. 126%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Puravankara rose 245.85% to Rs 77.92 crore in the quarter ended December 2023 as against Rs 22.53 crore during the previous quarter ended December 2022. Sales rose 46.18% to Rs 573.70 crore in the quarter ended December 2023 as against Rs 392.45 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales573.70392.45 46 OPM %34.1527.99 - PBDT113.0233.98 233 PBT106.2928.79 269 NP77.9222.53 246 Powered by Capital Market - Live News

The Board of Puravankara at its meeting held on 23 January 2024 has approved the sale of shares of two wholly owned subsidiaries namely, Purva Blue Agate and Purva Shelters to other wholly owned subsidiaries of the Company.On transfer of shares, status of Purva Blue Agate and Purva Shelters will change from wholly owned subsidiaries to step down wholly owned subsidiaries.Powered by Capital Market - Live News