Real Estate Leader: Discover Puravankara Group Excellence
Comments (0)

Real Estate Leader: Discover Puravankara Group Excellence

Puravankara Group Limited a renowned real estate leader in India, brings over 40 years of expertise, making it one of the most trusted names in the industry. Providing solutions in Luxury, Affordable Housing, and commercial office space, the company has developed 77 residential and commercial projects of 43.65 million sq ft. Specialising in South and West India, the company has a prospective developable area of 24.99 million sq ft and a land bank of 56.95 million sq ft. The company operates through three distinct brands: Puravankara (Luxury): New Launch PSL: Comprising high-end residential projects, 13% are under construction, and 31% are ready. In our analysis, it has 47 per cent of land assets with properties that cost between ₹ 6,000 and ₹10,000 per sq ft. Provident (Affordable Housing): Specialized in affordable housing, this brand undertakes 11% of current and 13% of completed projects and owns 10% of the land portfolio. The cost price of these buildings is estimated at Rs. 5000/-to 6000/-per square feet. Purva Land: This brand is aimed at plotted development and enables home buyers to make diversified investments. Purva Land is responsible for seven projects in 3 cities for approximately 5 million sq ft. Puravankara Group Path to Strategic Growth and Funding Puravankara has tied up with the International Finance Corporation, a member of the World Bank Group, IFC’s Emerging Asia Fund (EAF), for $76 million for affordable housing. Purva Asset Management Ltd of the company has also started ₹750 crore in an Additional Investment Fund (AIF). It will fund 6-8 mid-sized affordable housing projects and plotted developments in four years, of which investors have put in ₹200 crore. The above strategies have seen the company’s ready stock of houses decrease to about 67% within the last two years, while construction project sales have increased by 51%. Also, the net debt has been reduced by ₹900 crore in three years, enhancing the business’s financial solidity. Future Dimensions as the Leading Real Estate Leader Puravankara, for instance, has a robust launch pipeline of 13 MSF targeted for FY25 with expected sales of 5 MSF — much higher than the years gone by. The company is now entering the Mumbai market again, having successfully started, and is also creating a commercial vehicle to ensure the company never lacks/loses revenue. With the vast plethora of 58 million square feet land banks, Puravankara is well poised for long-term sustainable growth. A Potential Real Estate Segment India’s real estate market is expected to rise 9.6% between 2022 and 2027, $1 trillion by 2030 and 13% of the GDP by 2025. The LO has further established a growing need for housing and office/retail space, government-supportive policies, and solid overseas investment, which can positively impact Puravankara. Investment Outlook Due to operational solid cash flows, sound financial structures, and a low and manageable DE ratio, Puravankara is a dominant player in the Southeast Indian property segment. Supported by a powerful personnel resource and high-specified sales plans, the company has good potential for a sharp increase shortly.

Read More
How green building certifications are shaping the real estate market
Comments (0)

How green building certifications are shaping the real estate market

Green building certifications  have become a clear path to environmentally sound development, as awareness of the environmental impact of construction reaches an all-time high. Sustainable real estate practices are now a key focus in the industry. These are not certs for the sake of certs; they are certs of solid investment in sustainable living. What Defines a Green Building? It is a building that is designed and constructed to minimise environmental impact through its construction process, as well as its subsequent use. Its focus is on energy efficiency, resource conservation and waste reduction. Green buildings consume less energy, save water and use less eco-friendly materials, making a healthier living environment. In most ways, they’re also better for occupant well-being and productivity: they have better indoor air quality, natural lighting, and thermal comfort. Green building certifications certify a structure is designed and built to a minimum level of environmental performance. Several green building certifications in India look at different aspects, such as energy utilisation, water usage, indoor air quality, etc. The certifications urge developers to use a particular standard of sustainability, which is a surrogate quality indicator in the real estate market. Major Green Building Certifications in India LEED (Leadership in Energy and Environmental Design): The U.S. Green Building Council manages LEED, a global rating system. Overseen in India by IGBC, the focus is on energy efficiency, water conservation and air quality. IGBC Green Building Rating System: This rating system, developed by IGBC, rates buildings on sustainability, from site selection through energy use, water resources, and, most importantly, indoor environment quality. GRIHA (Green Rating for Integrated Habitat Assessment): GRIHA (Green Rating for Integrated Habitat Assessment), developed by TERI, addresses the issue of reducing the ecological footprint of buildings from design through retail buildings’ energy efficiency and helps improve the energy efficiency of retail buildings and the procedures of improving energy-saving processes. Significance of Green Building Certifications Green building certifications offer several advantages, making them essential in sustainable real estate: Environmental Sustainability: These certifications ensure that we reduce ecological harm and promote energy efficiency, water use reduction, and waste reduction. Increased Marketability: Home buyers and tenants prefer green buildings, whether homes, offices, hospitals, schools, or warehouses. Occupancy rates and prices are better in the case of certified buildings. Compliance and Incentives: Developers also have the chance to take advantage of tax breaks and other incentives to put green certifications in line with government sustainability policies. Enhanced Occupant Health: Better health and productivity among occupants result from green buildings that promote improved indoor air quality, lighting and thermal comfort. Reduced Operating Costs: Utility and maintenance needs are lower, bringing long-term financial savings. Final Thoughts Green building certifications are changing the real estate landscape with energy-efficient, healthy, and cost-reducing properties. These certifications are becoming increasingly crucial as sustainability drives the future of construction and adds value to properties.

Read More
Housing in Bangalore: About Prestige Group
Comments (0)

Housing in Bangalore: About Prestige Group

The Garden City, the Startup City, the Silicon Valley of India, is where you’ll find smooth transitions from a culture that is centuries old to advanced technology. Commended for its cherry blossom-strewn streets, lively weather, and natural beauty, the city is a melting pot of art, innovation and business. Adding to its charm is the diverse housing in Bangalore, from luxury apartments and villas to gated communities and integrated townships. This is a place to merge tradition with modern living. The Prestige Group: Since 1993, Connecting Buyers, Sellers, and Lenders. The Prestige Group has taken the lead in changing Bangalore’s realty landscape for the last 30 years. The company was founded in 1986 by Razack Sattar and has developed a reputation for innovation, luxury and quality from completing over 300 projects. Chairman and Managing Director Irfan Razack are now piloting Prestige Group. Its base is in Bangalore and is spread across major Indian cities, including Chennai, Hyderabad, and Pune. With its expansive residential offerings, Prestige has created a proud community of over 50,000 happy families. Their projects range from luxury flats to villas, gated communities, and integrated townships, and they redefine modern living. Some of their top projects in Bangalore include: Prestige Raintree Park Prestige White Meadows Prestige Spencer Heights The Prestige City Prestige Park Grove Prestige Camden Gardens These projects reflect a commitment to quality and innovation, making them the preferred choice for homeowners and investors. Innovative Developments Across South India With over 285 completed projects spanning 170 million square feet, the Prestige Group has left an indelible mark across South India. Currently managing 18 ongoing projects with a total developable area of 75 million square feet, their notable achievements include: Prestige Shantiniketan, Whitefield Prestige Falcon City, Bannerghatta Road Prestige Green Gables, Koramangala Upcoming projects slated for 2025 promise to elevate the standards of luxury and innovation in real estate. Awards and Sustainability Initiatives Prestige Group is well known internationally and has received several awards, such as CRISIL DA1+ and ICRA A+ ratings. In addition, they have also been honoured with international awards, including the Global Awards for Excellence for Forum Shantiniketan, Forum Sujaya Hyderabad and Forum Vijaya Mall. As an environmentally friendly company, Prestige promotes green building & energy efficient structures in its developments as proof and commitment towards the environment. Housing in Bangalore: Empowering Communities and Building Futures Prestige Group is a prominent real estate company with over 10,000 employees who provide good homes and positively impact society through CSR. This makes them more responsible for being a corporate entity and what they have done to develop communities. Shaping the Future of Real Estate It is, therefore, apt to state that the Prestige Group brings several qualities into the industry, from tradition and quality to, most importantly, a focus on customer satisfaction. Their current and proposed projects are changing the skyline of Bangalore, which is why it can be called a reliable participant in the Indian commercial real estate market.

Read More