Since its inception in 1975, Puravankara has believed that there is only one mantra for success: Quality. This credo combined with uncompromising values, customer-centricity, robust engineering, and transparency in business operations, has placed it among the ‘most preferred’ real estate brands in both residential and commercial segments.
The Company has grown from strength to strength, having successfully completed 36 residential/ commercial projects spanning 7.80 million square feet. Currently, it has 29 million square feet of projects under development, with an additional 88 million square feet in projected development over the next 7-10 years. An ISO 9001 certification by DNV in 1998 and a DA2+ rating by CRISIL are testament to Puravankara’s reputation as a real estate developer of the highest quality and reliability standards.
Puravankara also bagged the Realty Plus Excellence Award - 2012 in the category 'Popular Choice - Developer of the Year: Residential'. Ravi Puravankara, Chairman, received the 'Lifetime Achievement' award. Jackbastian K. Nazareth, CEO, was deemed “Most Enterprising CEO.”
Our journey from Maharashtra to Karnataka and to other states in India is a journey of ingenuity, trust and also of the value creation that we have undertaken for our committed stakeholders, time and again. Our vision and approach towards organized and well-planned development has led to our growth in scale and spread. Over these years, the Company has delivered 36 landmark residential and commercial projects in the cities of Mumbai, Bangalore and Chennai and has more than 25000 happy customers living in these apartments and row-houses and villas. Today we have 22 ongoing projects in the major cities like Bangalore, Chennai, Kochi, Coimbatore and Kolkata. These world-class projects mirror a rich legacy the Company has built for itself.
About the builder:
The Group commenced operations in Mumbai and has established significant presence in the metropolitan cities of Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore and overseas in Dubai, Colombo and Saudi-Arabia. Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry through its joint venture with Singapore based Keppel Land Limited, the property arm of the 54% government owned conglomerate, Keppel Corporation Limited. The joint venture company, Keppel Puravankara Development Private Limited, has on-going housing projects in India.
Puravankara prides itself on continual innovation to meet evolving market needs. Provident Housing Ltd., a wholly-owned subsidiary was launched in 2009, to cater burgeoning demand in the affordable housing segment. Currently, nearly 12 million square feet of projects are under development. As demand continues abated, the company plans to expand its presence in this segment.
A workforce of over 900 skilled personnel, including 205 engineers and in-house architects fuel the organization’s vision of delivering quality products to its consumers.
LEASE & RENTALS
Ravi Puravankara(Founder, Chairman & Managing Director):
Ravi Puravankara has been associated with the real estate sector since 1975 and has been involved in several real estate ventures. He is the promoter of the Puravankara Group. He was the president of the International Real Estate Federation (FIABCI), Indian Chapter, Paris. He is the driving force behind the Puravankara Group's initiatives. He has over 35 years of experience in the field of real estate and development. Under his leadership the Group has forayed into premium affordable housing to enable to fulfill the dreams of owning a home by the Indian middle class.
Ashish Puravankara(Joint Managing Director):
Ashish Purvavankara holds a Bachelors degree in Business Administration from Virginia State University and a Master's Degree in Business Administration from Willamette University in Salem, Oregon. He has played a pivotal role in the growth of the Company. He has over 10 years of experience in the field of real estate. He has been responsible for the identification of opportunities for the Puravankara Group and has also been instrumental in implementing best construction practices by the acquisition of new materials and focusing on technology as a means to achieve quality construction.
Nani R. Choksey(Deputy Managing Director):
Nani R. Choksey has over 35 years of experience in the real estate development, construction and finance sectors. He has been associated with the Puravankara Group since its inception in 1975. He played a pivotal role in the growth of the Group. He has been actively involved in all projects of our Company.
Jackbastian K. Nazareth(Chief Executive Officer):
Mr. Jackbastian Nazareth holds a Masters degree in Business Administration from the Goa Institute of Management and a Bachelors degree in Civil Engineering from the Karnataka University. He has over 23 years of experience in real estate development, corporate affairs, financial management and civil engineering consultancy. He currently serves as the Chief Executive Officer of the Company. He is responsible for the day to day operations of the Company including the detailed project conceptualization, design and finance functions. He has served as an Executive Director of Sobha Developers Limited. His other major assignments include as the Director - Sales of TSI Ventures Private Limited, and subsequently as the Managing Director- Head Sales and Marketing of Tishman Speyer India Private Limited.
Anup S Shah(Independent Director, Provident Housing Limited):
Anup S Shah graduated with a Bachelor's degree in commerce from H.R. College in Mumbai and a Bachelor's degree in law from Government Law College, Mumbai. He has over 30 years of experience in the legal field. His areas of expertise include commercial and property due diligence, corporate and commercial litigation, property related issues, land laws, arbitration and alternative dispute resolution. He also answers readers' queries through "Legal Eagle", a weekly article in The Times of India, Bangalore. He is a member of the Board of Directors of Puravankara Projects Limited and Sobha Developers Limited. He has been an independent director on our Board since 6 May 2011. R. V. S. Rao(Independent Director):
Mr. RVS Rao holds a Bachelors degree in Commerce from the Mysore University and a Bachelors degree in Law from the Bangalore University. He has completed Master Class for director conducted in association with World Council for Corporate Governance, London. He has over 40 years of experience in the fields of banking and finance. He has been a Director of HDFC Limited. As a USAID consultant, he was the team leader that reviewed operations and made recommendations for Housing Finance Company, Ghana. He was also the team leader of the consultancy team which advised the National Development Bank of Sri Lanka in establishing its mortgage finance business. He is an associate of Indian Institute of Bankers, Mumbai, a life member of All India Management Association, New Delhi, was an executive committee member of Bangalore Management Association and the Greater Mysore Chamber of Industry. He has been a director on our Board since 26 December 2006.