Puravankara expands pipeline in Bengaluru, Mumbai and Greater Noida

Puravankara reported 6.51 million sq ft of development potential added to its pipeline in Q2 FY27, across opportunities in South-East Bengaluru, Goregaon West in Mumbai and Greater Noida. The additions, announced on October 13, 2026, carry an estimated gross development value (GDV) of ₹8,900 crore.

Including the quarter’s additions, the company’s total pipeline additions for H1 FY27 reached 10.74 million sq ft, with estimated GDV of ₹14,100 crore across Bengaluru, Mumbai and Greater Noida. The Q2 opportunities comprise a joint development, a residential-society redevelopment and a land parcel.

The details

The largest of the three opportunities by development potential is a 13.44-acre land parcel in Greater Noida, Delhi-NCR. It has potential for 4.57 million sq ft of development and an estimated GDV of ₹5,200 crore.

In Goregaon West, Mumbai, Puravankara secured redevelopment rights for three residential societies spread across 4.68 acres. The opportunity has development potential of about 1.05 million sq ft and an estimated GDV of ₹2,600 crore. In South-East Bengaluru, a 7.83-acre joint-development opportunity has potential for 0.89 million sq ft, with estimated GDV above ₹1,100 crore.

• South-East Bengaluru: 7.83 acres; 0.89 million sq ft of development potential; estimated GDV above ₹1,100 crore.
• Goregaon West, Mumbai: three societies across 4.68 acres; about 1.05 million sq ft of potential; estimated GDV of ₹2,600 crore.
• Greater Noida, Delhi-NCR: 13.44 acres; 4.57 million sq ft of potential; estimated GDV of ₹5,200 crore.

Together, the opportunities account for the reported 6.51 million sq ft of development potential and ₹8,900 crore in estimated GDV. They are business-development additions rather than a single named project. The announcement did not include project-level launch dates, unit counts, prices, RERA registrations or booking status.

The developer

Puravankara’s Q2 FY27 pre-sales were ₹2,136 crore, up 62% year on year from ₹1,322 crore in Q2 FY26. Customer collections rose 24% to ₹1,301 crore, while sales area grew 22% to 1.83 million sq ft. Average sales realisation increased 32% to ₹11,651 per sq ft. For H1 FY27, the company reported pre-sales of ₹3,575 crore and collections of ₹2,500 crore.

During the quarter, Puravankara launched Westend and Equinox 6 in Bengaluru and Miami in Mumbai, with a combined developable area of 1.00 million sq ft. It handed over 977 homes covering 0.97 million sq ft in Q2; H1 handovers totalled 1,722 homes across 1.92 million sq ft. The company also completed the sale of commercial property Purva Zentech on September 30, 2026, at an enterprise value of ₹625.94 crore to an entity backed by ICICI Prudential AMC. The transaction transferred its entire shareholding in Purva Ruby Properties Private Limited.

What comes next

Ashish Puravankara, Managing Director of Puravankara Limited, said the company had selected opportunities for their scale and long-term value, while keeping capital deployment selective and execution in focus. He identified converting development potential into launches, sales and cash flows as the priority.

The Q2 additions follow the company’s Q1 FY27 pipeline additions in Bengaluru: Mandur, with 14.57 acres and 1.80 million sq ft of potential, carrying ₹2,300 crore in estimated GDV; Doddagubbi, with 11.23 acres and 0.74 million sq ft, with GDV above ₹1,100 crore; Sanna Ammanikere, with 9.73 acres and 0.89 million sq ft, with approximately ₹800 crore in GDV; and Sarjapura, with 6.4 acres and 0.80 million sq ft, with GDV above ₹1,000 crore.