The company has acquired the redevelopment rights of Miami Apartments in Breach Candy area of South Mumbai, which has had an impact on the company’s shares. With these rights, Puravankara has entered the posh South Mumbai market, where real estate prices range from Rs 1,25,000 to Rs 1,40,000 per square foot. Puravankara’s consolidated net profit in the June 2024 quarter was Rs 15.44 crore, while the company’s net loss in the same period last year was Rs 17.16 crore
