Puravankara Bangalore- Charting a new success story

The Bangalore real estate market has evolved by leaps and bounds over the years. There are several realty players who have contributed immensely towards the growth and development of the city and the transformation of its skyline over the years. Puravankara in Bangalore is one of these real estate developers who have a pivotal contribution towards the growth of the Garden City’s realty market in recent years.

About Puravankara Bangalore:

The Puravankara Bangalore head office is the nerve centre of its operations. Founded in 1975, the company has always believed in uncompromising quality as the be-all and end-all philosophy behind its pursuit of success. The company strives to be customer centric through all its initiatives while maintaining its credentials in terms of timely delivery, advanced engineering and technologies and functional yet aesthetically appealing homes and offices across segments. Puravankara started its business operations in Mumbai before carving out a wide presence in Bangalore and expanding to Chennai, Coimbatore, Hyderabad, Kochi and Mysore. The company has also expanded to global markets like Saudi Arabia, Dubai and Colombo.

Puravankara at a Glance

Number of residential projects delivered

48

Number of commercial projects delivered

2

Cumulative area built

23.54 million sq. ft.

Area under development

24.87 million sq. ft. across 17, 895 units

Projected development

22.73 million sq. ft.

DNV Rating

ISO 9001 certification (1998)

CRISIL Rating

DA2+

Milestones, Awards & Laurels

Puravankara is known for being the first Indian developer to successfully get FDI via its JV (joint venture) with Keppel Land Limited from Singapore which is the property development division of the Government owned (54%) Keppel Corporation Limited. The two companies have set up an entity called Keppel Puravankara Development Private Limited which has already taken up several projects in India. Provident Housing Limited was launched as a subsidiary brand for catering to the needs of buyers in the affordable housing space in 2009. Under this brand, the company is developing close to 12 million sq. ft. throughout the country.

The Group has been the recipient of several awards, some of which are listed below:

• Finaliste-International Prix d’Excellence for Purva Park in 1998 (adjudged by FIABCI in Paris for the group residential segment)

• Realty Plus Excellence Award-Popular Choice-Developer of the Year: Residential in 2012

• Most Enterprising CEO award for Jackbastian K. Nazareth
• Lifetime Achievement Award for Chairman Ravi Puravankara

Key Strengths

The Puravankara Group has always enhanced its core strengths en route towards charting a whole new success story in Bangalore. These include its team of more than 900 skilled professionals inclusive of 205 highly qualified in-house architects and engineers. The company has its own QMS (Quality Management System) which combines multiple systems and procedures for ensuring high quality product delivery to customers at the optimal cost and with minimal environmental and societal impact. All employees compulsorily undergo QMS training and once qualified, they obtain QMS certification accordingly. This system adheres to ISO 9001 standards. It is this emphasis on quality that defines all Puravankara Bangalore flats for sale.

The Group also has its own PRM (Project Review Management) system whereby ongoing projects undergo monthly reviews and progress reports are made by project-in-charge or PICs which is benchmarked against global best practices inclusive of the project cost report, progress, risks and inventory. Issues are swiftly resolved by the senior management team at these review sessions. The PRM system rates all company projects based on parameters such as costs, schedule, progress, housekeeping, safety and quality. Commendations are provided for projects which are truly outstanding while projects which are best-in-class receive awards in each quarter.

Top Puravankara Bangalore projects:

The Group has several projects in Bangalore and if you’re looking for a Puravankara Kanakapura Road project, you’d do well to check out Puravankara Provident Park Square and Purva Gold Crest while there are Puravankara Bangalore Electronic City projects in the pipeline as well. Some of the other top projects by Puravankara in Bangalore include Puravankara Purva Gainz, Coronation Square, Purva Fairmont and many more.