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Thursday, March 31, 2011

Puravankara Projects gain on launching Purva Midtown Residences


Puravankara Projects is currently trading at Rs. 111.00, up by 0.40 points or 0.36% from its previous closing of Rs. 110.60 on the BSE.
The scrip opened at Rs. 111.00 and has touched a high and low of Rs. 113.00 and Rs. 110.55 respectively. So far 2,703 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 145.25 on 27-Sep-2010 and a 52 week low of Rs. 76.40 on 01-Jun-2010.
Last one week high and low of the scrip stood at Rs. 118.80 and Rs. 101.25 respectively. The current market cap of the company is Rs. 2397.82 crore.
The promoters holding in the company stood at 89.96% while Institutions and Non-Institutions held 8.46% and 1.57% respectively.
Puravankara Projects launched a new mid segment property which institutes the idea of Smart Living - Purva Midtown Residences in East Bangalore. The total project value is Rs. 135 crore and this launch follows the launch of Purva Windermere, a luxury project in Chennai.
This property comprises a total of 307 apartments which is centrally located off Old Madras Road, near C.V. Raman Nagar on a 4.2 acre land parcel. The mix of 2 and 3 bedroom apartments are ranging from 1208 sq. ft. to 1677 sq. ft. and are the epitome of comfort, convenience with an elegance attached to it. These apartments have been designed keeping in mind the double income working population of Bangalore.
Recently, Puravankara Projects has launched a new luxury property - Purva Oceana - in the most premium location on Marine Drive, Kochi. Purva Oceana which is strategically timing the launch closer to completion will be ready for occupation shortly. Purva Oceana, a 12 storied building, with 2 levels of parking, is located on the picturesque Marine Drive waterfront overlooking the Bolgatty Palace and the Marina.
Since inception in 1975, Puravankara has one mantra for success, part from this, values like uncompromising business ethos, focused customer centric approach, robust engineering, in house Research and Development has created the leading real estate brand. 

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