Puravankara's Subsidiary Secures MahaRERA Approval for New Tower in Purva Panorama

Puravankara Limited, a prominent real estate developer, has announced that its wholly owned subsidiary, Purva Oak Private Limited, has received the Maharashtra Real Estate Regulatory Authority (MahaRERA) approval to launch Tower D in its existing residential project, Purva Panorama. The company informed stock exchanges about receiving the registration certificate as part of its normal business operations.

The new tower, Purva Panorama – Tower D, has received official approval from MahaRERA with comprehensive registration specifications. The project is located at 99/2/1, 114/4 & 115/2 Sector No. 5, Kolshet, Thane, with a registration number PR1333032502912. The launch date for the new tower is set for March 28, 2026.

The company has provided detailed product specifications for the new tower launch, in compliance with regulatory requirements. The tower falls under the residential category and is focused on the domestic market. There are no plans for an international launch at this time.

Puravankara Limited made this announcement in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Project details are publicly available on the RERA website at maharerait.maharashtra.gov.in, ensuring transparency for potential buyers and stakeholders.

This launch represents the expansion of the existing Purva Panorama project, adding another residential tower to the development in the strategic Thane location. The announcement was signed by Sudip Chatterjee, Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 18, 2026.

Puravankara Limited has a strong track record in the real estate sector, known for its quality projects and commitment to regulatory compliance. The Purva Panorama project, located in Thane, is a prime example of the company's dedication to providing high-standard residential options in strategic locations. The addition of Tower D is expected to enhance the project's appeal and attract more homebuyers.

Historical stock returns for Puravankara Limited show a mixed performance in recent periods. Over the past day, the stock has seen a 4.79% increase, while it has faced a 1.03% decrease over the past five days. The one-month return is -18.71%, and the six-month return is -28.20%. However, the one-year return is -18.90%, and the five-year return is a positive 150.44%, indicating a strong long-term performance.

The approval from MahaRERA is a significant milestone for Puravankara Limited, reaffirming its commitment to regulatory standards and customer satisfaction. The company continues to focus on expanding its portfolio with high-quality projects that meet the needs of the growing urban population in India.