PURAVANKARA NOIDA — New Project Coming Up in Noida

Puravankara Enters Noida Market

Founded by Ravi Puravankara in 1975, the developer has built over 86 projects across Bengaluru, Chennai, Pune, and Kochi. The announced entry into Noida marks an expansion into India's National Capital Region.

Noida's Emerging Luxury Segment

Noida's residential market has seen a substantial shift towards premium and high-end developments, with weighted average prices of new launch projects surging by approximately 152 per cent to INR 14,946 per square foot in 2024. The city has seen a massive spike in demand for apartments in the luxury segment, with homes priced at Rs 1 crore and above accounting for 41% of total sales during the first half of 2024.

Noida's Strategic Position

Noida, located in the National Capital Region, has evolved to become one of India's most sought-after real estate destinations, known for its modern infrastructure, high-rise buildings, proximity to Delhi, and competitive pricing for both commercial and residential spaces. The city has become the go-to destination for global leaders like TCS, Wipro, and Infosys, with a solid 10% contribution to India's IT/ITES growth.

Developer Context

Puravankara's financial results for FY26 mark its strongest year on record, with full-year sales hitting ₹7,407 crore, up 55% over FY25, and customer collections standing at ₹4,258 crore. The company's upcoming project pipeline spans 51.14 million sq. ft. with a gross development value of over ₹55,000 crore across South India and Mumbai.