Puravankara Limited has expanded its real estate portfolio significantly by adding new projects with a total gross development value of approximately ₹13,900 crore during the April–December period of the current financial year. The addition strengthens the company’s development pipeline and reflects its continued focus on growing its presence across major urban markets in India.
The newly added projects together account for over 12.7 million square feet of developable area and are spread across key locations such as Bengaluru and Mumbai. The expansion has been driven through a mix of outright land acquisitions, joint development agreements, and redevelopment projects, allowing the company to scale operations while maintaining capital efficiency.
During the same period, Puravankara reported steady operational performance. In the third quarter of the financial year, pre-sales stood at ₹1,414 crore, registering a year-on-year growth of 17 percent. Customer collections during the quarter rose 22 percent to ₹1,140 crore, indicating healthy demand and sustained buyer confidence. Average price realisations also improved, supported by stable housing demand in well-connected urban locations.
In Bengaluru, the company secured a large land parcel in Attibele Hobli, Anekal Taluk, which offers substantial development potential with an estimated gross development value of around ₹4,800 crore. Additional projects in East and North Bengaluru were added through development partnerships, contributing significantly to the overall project pipeline. These developments are aligned with the company’s strategy to focus on regions witnessing consistent residential demand.
In Mumbai, Puravankara expanded its footprint through redevelopment opportunities in established residential micro-markets. Projects in areas such as Malabar Hill and Chembur are expected to add meaningful value to the company’s portfolio, with redevelopment emerging as a key growth avenue in land-constrained urban centres. These projects together unlock sizable development potential and are expected to be executed in phases.
The company also launched a new residential project in Hebbagodi Village, Bengaluru, during the period. The development offers multiple housing configurations and adds to Puravankara’s portfolio in the southern market.
Overall, the addition of ₹13,900 crore worth of new projects highlights Puravankara’s continued focus on expanding its development pipeline while strengthening its presence in high-demand residential markets. The company’s performance during the April–December period reflects a balanced approach to growth, supported by steady sales, improved collections, and strategic project acquisitions.
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