Puravankara Ltd has announced plans to invest approximately ₹7,000 crore in new residential project launches over the coming years, with anticipated sales of around ₹15,000 crore from these initiatives.
The Bengaluru-based developer said the fresh investments will span its three business verticals — the premium “Puravankara” brand, the affordable-housing “Provident” brand, and plotted-development vertical “Purva Land”. According to CEO (South) Mallanna Sasalu, the company aims for a gross margin of 28 – 30% on these upcoming sales.
The planned launches will cover large-scale residential projects across key markets including Bengaluru, Chennai, Hyderabad, and further penetration into Pune and Mumbai. Puravankara currently reports quarterly revenues in the range of ₹1,200-1,300 crore from existing projects. Activities under the new investment are expected to include about 12 – 14 million square feet of saleable area across roughly 11 developments.
South India remains a major focus, with close to 50% of the company’s portfolio currently based in Bengaluru. The company now intends to ramp up its presence in western markets – Mumbai and Pune – which together account for about 20% today but are expected to grow to 30–40% over the next few years given higher per-square-foot realisations.
The move underlines strong developer confidence in India’s residential housing demand, particularly in mid-income and premium segments. With the substantial investment pipeline, Puravankara signals its readiness to leverage upcoming launches for growth in top metros and emerging micro-markets alike.
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