Puravankara Share Price Jumps 8% After Subsidiary Secures ₹272 Crore Project

Market Performance

Puravankara's share price surged 8% on June 19, 2025, during the early part of the trading session.

• Current Price: ₹301.25 per share
• Gains: 8% rise intraday
• Trend: On track to break a 7-day losing streak

This rally reflects growing investor confidence following the development of a key project.

Main News: ₹272 Crore Contract Boosts Sentiment

The rally in Puravankara's share price came after its wholly owned subsidiary, Starworth Infrastructure & Construction Ltd., secured a major construction contract.

• Project: "TRU AQUAPOLIS" residential apartment project
• Location: Varthur, Bengaluru
• Client: Tru Dwellings Private Limited
• Deal Value: ₹272 Crore
• Scope: Civil and finishing works

This win reaffirms the company's presence in tech-enabled EPC (Engineering, Procurement, and Construction) services.

Company Details: Strategic Expansion and Strong Pipeline

Puravankara has recently initiated a joint venture with KVN Property Holdings LLP.

• Location: KIADB Hardware Park, North Bengaluru
• Land Size: 24.59 acres
• Gross Development Value (GDV): Over ₹3,300 Crore
• Saleable Area: 3.48 million sq. ft.

This joint venture (JV) strengthens the company's footprint in one of India's fastest-growing real estate markets.

The company also anticipates receiving occupancy certificates (OCs) for multiple projects in FY26:

• Projects: Atmosphere, Oakshire, Capella (Bengaluru), and Adora De Goa (Goa)
• Combined Saleable Area: 3.95 million sq. ft.
• Estimated GDV: ₹3,200 Crore

Financial Snapshot

Here's a breakdown of the company's operational metrics for FY25:

• Pre-Sales: ₹5,006 Crore
• Sales Volume: 5.67 million sq. ft.
• Sales Realization: ₹8,830/sq. ft. (YoY growth of 10%)
• Collections: ₹3,937 Crore (Up 9% YoY)

These figures underscore the company's robust financial foundation and operational strength.

Puravankara Share Price Trend: From Correction to Recovery

• From March 2023 to June 2024, Puravankara's share price exhibited a consistent upward trend.
• A 10-month correction phase followed.
• In May 2025, the stock regained momentum, ending the month with a 14% rally.
• June 2025 continues the trend, with a further 9% increase.

Long-Term Performance

• 3-Year Gain: +255%
• 5-Year Gain: +620%

This makes Puravankara share price one of the top long-term performers in the real estate sector.

Summary

Puravankara's share price saw a notable jump after its subsidiary secured a ₹272 Crore residential project in Bengaluru. Backed by strong FY25 performance, a growing launch pipeline, and strategic expansion in North Bengaluru, the company continues to strengthen its market position. The positive trend in Puravankara's share price reflects this growth momentum, making it a stock to watch in the real estate sector.