Puravankara up 5% on Purva Palm Beach pre-launch response
Addressofchoice 11 April 2014
Investors continued to buy shares of Puravankara Projects , the real estate company, as the company received good response for pre-launched Purva Palm Beach in Bengaluru. The stock gained 4.7 percent intraday Tuesday. "This apartment project, which spread over 19.37 acres, saw an oversubscription of three times with over 1200 applications received as opposed to the units released for allocation during the initial pre-launch stage," the company said in its filing. Puravankara said it has adopted book building method with a base price of Rs 4,392 per square feet and this offer attracted about 20 percent of buyers from Mumbai, Delhi and Chennai. Purva Palm Beach offers buyers the option of 2 BHK and 3 BHK apartments with size ranging between 1232 to 1846 square feet. Read more at: http://www.moneycontrol.com/news/buzzing-stocks/puravankara5purva-palm-beach-pre-launch-response_1052525.html?utm_source=ref_article
Addressofchoice
https://www.addressofchoice.com/Address Of Choice is an online real estate consulting firm, who workes in across India. AOC deals in residential and commercial properties.
