Puravankara shares in focus

Chennai: With the launch of Purva Soukhyam project, the share price of the company surged by 3.44 per cent to reach Rs 229.90 in the BSE on Thursday. Purva Land, the plotted development arm of real estate developer Puravankara, has launched its ‘wellness’ themed project on the outskirts of the city, a top official of the group said on Thursday.

‘Purva Soukhyam’, its second project in Tamil Nadu, would come up on a 120 acre plot of land south of Chennai in Guduvancherry and is expected to be the company’s largest project in the city. The latest project by the Bengaluru-based firm is similar to the music-themed project ‘Purva Raagam’ launched in the city.