Puravankara stock gains over 2.5% on D-Street after subsidiaries launch new projects

Provident Housing Limited, a 100% subsidiary of the company proposes to launch its area sharing premium affordable housing development.

Oct 13, 2021 09:10 IST India Infoline News Service

Puravankara Ltd has informed that the wholly owned subsidiaries of the Company are launching projects and the pricing is based on Book Building method, where the price discovery process is driven by data from fundamental ‘Demand-Supply’ metrics.

Project Details:
Provident Housing Limited, a 100% subsidiary of the company proposes to launch its area sharing premium affordable housing development ‘Provident Palm Vista’ located near Shil Phata, Mumbai.
It is having a total saleable area of about 1.0 mn sq ft where our economic interest is 68.89% with certain clawback conditions.
T-Hills Private Limited, a 100% subsidiary of the company proposes to launch its plotted development project ‘Tivoli Hills’ located near Devanahalli, Bangalore having a total saleable plot area of about 1.4mn sft.
On Wednesday morning trade, Puravankara was trading at Rs135.95 apiece higher by 2.68% on Sensex.

Related Story

Open Free Demat Account (Rs699)