Puravankara appoints new COO for its residential business

Puravankara Limited, one of the largest real estate conglomerates, appointed Mr. Abhishek Kapoor as the Chief Operating Officer for its residential business. The appointment is effective immediately and Abhishek will be responsible for driving the growth of residential businesses largely under the Puravankara and Provident brands. Abhishek is an accomplished real estate professional with over 22 years of experience, of which the last 8 years have been at C-suite levels with companies like Raymond Real Estate, Radius Developers and Keystone/Rustmojee Group. He has demonstrated capabilities in real estate and construction planning, resource management, financial and administrative control in an increasingly competitive environment, and his expertise also lies in managing senior level Government relationships. With a robust launch pipeline for the financial year, Puravankara Limited has focused on strengthening its leadership team further in the last 12 months. Last November, Mr. Vishal Mirchandani was appointed as the Chief Executive Officer for its Commercial and Retail businesses. The company plans to add 13 new housing projects under Puravankara and Provident brands, which is spread over 11 mil sft area. Announcing Mr. Abhishek Kapoor’s appointment, Mr. Ashish R Puravankara, Managing Director, Puravankara Group said, “We are excited to have Abhishek on board to manage and grow our residential business. We are currently at the cusp of growth and the renewed leadership will help us in further strengthening our residential portfolio and plan the next wave of growth for Puravankara group. Abhishek brings decades of experience to the company and his successful track record in the real estate industry will help us achieve our larger goals.” Mr. Abhishek Kapoor, the newly appointed COO, said, “I am delighted to join Puravankara at such an exciting stage of the company’s business. With over four decades of experience, the brand enjoys a great reputation in the market for corporate governance, constant innovation and being market leaders in the residential sphere. We will work towards taking the brand from strength to strength and elevating ourselves to newer heights.”