SOARING TO NEW PEAKS

Ravi Puravankara, chairman, and Ashish Puravankara, MD, Puravankara Limited, have created a unique organisation that offers an insight into progressive growth and one that others would do well to emulate

- JAYASHREE KINI MENDES

How do you measure the success of a real estate developer in India? There are several ways to look at this: quick outright sales at the launch phase, a good reputation, and competence in completing projects on time. Few can make claims to all these. Fewer can even discern as to what works for people going to inhabit those houses. Bangalore-based Puravankara has tirelessly worked towards achieving all this since inception and now has set higher standards.

Proof of this is its recent achievement when it recorded its highest-ever sales of around Rs 1,100 crore in Q2 2023 and now expects this trend to continue. With a growth of more than 100% year-on-year, the organisation is positive that the highly improved performance of its sustenance projects will only add to demand. Ashish Puravankara, MD, Puravankara, says, "We have been seeing a positive momentum across our projects. We have ensured that quality has notched up several times, been fast on execution, and are now reaping the benefits of our actions. Our customers are cheerful and this is creating a good halo for the brand."