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Company overview

Full legal name
Puravankara Ltd
BSE: PURVA · Provident Housing subsidiary
MD
Ashish Puravankara
MD · IIM background · Second generation
Founded
1975
Bangalore · 50 years in real estate
Headquarters
Bangalore (Lavelle Road)
South India focus
Listed
Yes — BSE & NSE
Promoter family ~70% holding
Dual brand
Puravankara (₹1.5Cr+) + Provident (₹45L-90L)
Provident fastest-growing affordable brand
ℹ️
PropIQ research note

Post-2021 turnaround under Ashish Puravankara has been strong. FY24 pre-sales ₹5,914 Cr is a company record. Provident Housing is genuinely one of South India's best affordable brands.

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All projects — city-wise

Projects sourced from RERA portals, 99acres, MagicBricks and official websites. Always verify RERA registration before booking.

Bangalore

Purva Atmosphere
📍 Hebbal
Luxury 3/4 BHK
₹2.8–₹4.5 Cr
RERA · Ongoing
Provident Ecopolitan
📍 Aerospace Park
2/3 BHK
₹75L–₹1.2 Cr
RERA · Possession 2025
Purva Oakshire
📍 Whitefield
3 BHK
₹1.8–₹2.6 Cr
RERA · Ongoing
Provident Welworth City
📍 Doddaballapur Road
Township
₹50L–₹90L
OC phases 1-2 received

Chennai

Purva Windermere
📍 Pallikaranai
3/4 BHK
₹1.6–₹2.6 Cr
OC Received
Provident Sunworth
📍 West Chennai
2/3 BHK
₹60L–₹1.1 Cr
RERA · Ongoing

Hyderabad

Provident Botanico
📍 Bangalore Highway
2/3 BHK
₹65L–₹1.1 Cr
RERA · Ongoing

Kochi

Purva Grandbay
📍 Marine Drive, Kochi
Luxury
₹3.5–₹6 Cr
OC Received
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Company history & milestones

1975
Founded by Ravi Puravankara in Bangalore. One of Bangalore's earliest organised developers
2007
IPO on BSE and NSE. Among first South Indian developers to list
2011
Provident Housing launched as separate affordable brand
2021
Ashish Puravankara takes over as MD. Strong turnaround with delivery focus
2024
FY24 pre-sales ₹5,914 Cr — all-time record. 80M sq.ft delivered
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PropIQ scorecard — 6 dimensions

Each dimension scored 0–10 based on verifiable public data, RERA records and buyer feedback. Not a paid review.

Delivery track record
7.2
7.2/10
Good post-2021

Post-2021 delivery has been strong. 2015-2019 period had issues — assess each project individually.

Construction quality
7.8
7.8/10
Good

Purva premium quality is genuinely good. Provident is solid for the price.

Financial stability
7.5
7.5/10
Good

Listed entity. FY24 pre-sales ₹5,914 Cr record. Debt levels reducing YoY.

Buyer experience
7.0
7.0/10
Fair

Recent completions show improved satisfaction. Legacy project buyers less positive.

RERA compliance
7.5
7.5/10
Good

No major RERA orders post-2021. Good compliance going forward.

Pricing vs value
7.8
7.8/10
Good

Provident is excellent value. Puravankara premium fairly priced for Bangalore.

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Financials & funding

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Financial snapshot

BSE/NSE listed. FY24 pre-sales ₹5,914 Cr (record). Collections ₹3,900 Cr. Gross debt ~₹2,200 Cr, reducing. GDV under development ₹35,000+ Cr.

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Buyer sentiment analysis

Buyer sentiment is polarised between legacy (pre-2020) and recent buyers. Post-2021 buyers significantly more positive. Provident consistently scores well on value-for-money.

✅
Would recommend
76%
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Provident value
88%
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Delivery within 9 months
68%
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Quality meets expectation
78%
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Pros & cons

✅ What works in their favour
  • +
    50 years of Bangalore knowledgeNo developer knows Bangalore micro-markets better.
  • +
    Provident is South India's best affordable₹50L–₹90L homes with honest specs, good location, reasonable delivery.
  • +
    Record FY24 pre-sales₹5,914 Cr signals strong turnaround confidence.
  • +
    Dual-brand covers full spectrum₹45L to ₹6 Cr across all segments.
⚠️ What to watch out for
  • −
    Legacy delivery issues linger2015-2019 delays damaged brand. Research specific project history before booking.
  • −
    Promoter concentrationFamily holds ~70%. Less institutional check than wider-ownership peers.
  • −
    Limited outside South IndiaNo NCR, Mumbai or Pune presence.
  • −
    Premium less differentiatedPurva premium vs Prestige/Sobha — doesn't always win at same price.
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PropIQ verdict

7.5
★★★★★★★★
PropIQ rating / 10
Provident is excellent; Puravankara premium is solid — post-2021 projects only

For Provident Housing in Bangalore or Chennai, this is one of India's best affordable developers. For Puravankara premium post-2021 projects, you get solid Bangalore real estate at fair prices. Always do RERA due diligence on any pre-2020 projects.

✅ Listed🏘️ Provident affordable📈 FY24 record🏗️ Turnaround story