Puravankara Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PURVA · price
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Puravankara Limited has been selected as the developer for the redevelopment of eight residential housing societies in Chembur, Mumbai. The project covers over 1.2 million square feet spread across approximately 4 acres. The estimated gross development value (GDV) of the project is Rs. 2,100 crore. The order has been awarded by eight co-operative housing societies, all domestic entities, and there is no related party interest involved. The timeline for execution is as per the executed agreement.
This is a sizeable order win for Puravankara, adding a major redevelopment project to its pipeline in the Mumbai market. The Rs. 2,100 crore GDV strengthens the company's future revenue visibility, though actual revenue will be recognized over the project's execution period.