Puravankara Announces 30 New Projects Worth ₹55,000 Cr in 24 Months

Puravankara Outlines Aggressive 24-Month Expansion Across South India and Mumbai

On 25 March 2026, Puravankara Limited announced plans to unveil 30 projects over the next 24 months, primarily across South India and Mumbai. The planned pipeline comprises nearly 51.14 million sq. ft. of developable area, with an estimated Gross Development Value (GDV) of over Rs 55,000 crores, marking a significant step-up in the company's growth trajectory.

Project Pipeline Status and Capital Readiness

Out of the 30 projects, a significant number are already in the approval stage, while the remaining are in the design stage, with approvals set to be initiated shortly. The company's near-term pipeline alone, valued at ₹35,636 crore, translates to roughly 33 million square feet of launches over the next 30 months, with around 25 million square feet concentrated in southern markets and the remainder in the West, where higher realisations, particularly in Mumbai, drive value.

Nearly 70 to 75 per cent of project costs, largely land, have already been incurred, reducing execution risk for upcoming launches, with land largely secured and what remains being design, approvals, and phased execution. The developer currently has a launch inventory of ₹19,742 crore (a mix of residential and commercial) already under execution, alongside its future pipeline, scheduled for delivery over the next four to five years.

Operating Momentum and Delivery Track Record

As of 9MFY26, the company has reported pre-sales of Rs 3,859 crores and customer collections of Rs 3,045 crores, reflecting sustained demand and strong operating momentum. The Puravankara Group comprises brands including Puravankara, Provident Housing Limited and Purva Land, and a construction arm Starworth Infrastructure and Construction Limited, with an interior design unit and a growing Grade A commercial portfolio. As of 31 December 2025, the group had completed 93+ projects measuring 56 mn sq ft across nine cities, held a land bank of 38 mn sq ft and had ongoing projects totalling 34 mn sq ft while commercial presence stood at approximately 3 mn sq ft.

Economic and Employment Impact

The pipeline is expected to generate around 8 million man-days of direct employment annually and give a fillip to over 250 ancillary industries associated with the real estate sector.

A Five-Decade Foundation

Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers among the top real estate companies in India. Managing Director Ashish Puravankara said, "Over the past five decades, we have built Puravankara on a strong foundation of trust, transparency, and delivery excellence."

Sustainability Commitments in Golden Jubilee Year

As part of Puravankara's Golden Jubilee year, the company has strengthened its sustainability commitments, building on a pledge to plant 1 million trees by 2030 under the World Economic Forum's 1t.org global initiative, with the company reinforcing this commitment through the upcoming Puravankara 10k Run on 29 March 2026, during which 10,000 trees will be planted. This is complemented by a continued focus on water conservation, green building practices, and environmentally responsible development across projects.