Project approval delays
Past delays in Bangalore due to bylaw changes have pushed back launches; similar risks could affect Q4 and FY27 launch timelines.
PURAVANKARA / bear-case history
Track the concerns that keep returning.
Puravankara · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
High debt and interest burden
Gross debt increased to ~INR 4,500 crore with interest cost of INR 495 crore in 9M; debt servicing could pressure cash flows if collections slow.
Execution risk in Mumbai redevelopment
Multiple redevelopment projects in Mumbai involve society approvals and complex processes, which could delay launches and cash flows.
Commercial leasing uncertainty
Aerocity project has not concluded any large lease deals despite RFPs; leasing may take longer than expected, delaying rental income.