PURVA NSE filing

Puravankara launches Purva Silversky, a premium residential development in Bengaluru

The RealCase readMedium impact Positive

Puravankara Limited has launched Purva Silversky, a premium residential development in Electronic City, Bengaluru. The project comprises 356 residences across three 32-storey towers on 6.99 acres. It features 3, 4, and 5 BHK units, a 17,700 sq ft clubhouse, and over 45 amenities. Completion is scheduled for 2030, with prices starting at ₹12,100 per sq ft.

Why it matters

The launch of a new project contributes to the company's revenue pipeline and market presence, but its immediate financial impact depends on sales performance and project scale relative to the company's overall operations.

The market read

The launch of a new premium residential development is generally a positive indicator for a real estate company, suggesting business growth and market confidence.

Puravankara Limited has announced the launch of Purva Silversky, a premium residential development located in Hebbagodi, Electronic City, off Hosur Road, Bengaluru.

The project spans approximately 6.99 acres and will feature 356 residences across three 32-storey towers, with a focus on open spaces, boasting nearly 88% open-to-sky areas. It is designed as a low-density development with four residences per floor to enhance privacy and living experience.

Strategically situated in a key technology corridor, Purva Silversky offers excellent connectivity to IT hubs, corporate parks, educational institutions, and healthcare facilities. It is located approximately 900 metres from Huskur Metro Station and within a 10-minute radius of over 15 IT parks.

The development will offer 3, 4, and 5 BHK residences, with unit sizes ranging from 1,864 sq ft to over 5,300 sq ft. Residences are designed for natural light, ventilation, spatial efficiency, and feature premium finishes and private decks with 270-degree views.

Purva Silversky emphasizes holistic wellbeing and community living, including a 17,700 sq ft clubhouse and over 45 lifestyle amenities spread across a 1.7-acre elevated podium, complemented by landscaped open spaces and a forest walkway. The project is RERA-registered and scheduled for completion in 2030.

Ashish Puravankara, Managing Director, stated that Purva Silversky reflects the company's commitment to creating thoughtfully designed homes in locations offering long-term value, noting Electronic City's evolution as a residential destination with robust infrastructure and sustained demand. Mallanna Sasalu, CEO – South, added that the project caters to homebuyers' evolving needs by bringing living spaces closer to workplaces, enabling shorter commutes and a better balance between productivity and personal lives.

Homes at Purva Silversky are priced at ₹12,100+ per sq ft (excluding statutory and other charges).

Filing to action

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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.

View original filing