25
March 2026, Bengaluru : Puravankara Limited (NSE: PURVA | BSE:
532891), one of India’s most trusted and admired real estate developers, today
announced its 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. 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.
This
next phase of expansion reflects Puravankara’s focus on high-quality,
well-located developments across key urban markets, supported by a strong
launch inventory and disciplined capital allocation. 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.
Aligned
with its larger purpose of creating long-term value for all stakeholders, the
company’s upcoming developments are expected to contribute meaningfully to
economic activity. This 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.
Ashish
Puravankara, Managing Director, Puravankara Limited, said,
“Over the past five decades, we have built Puravankara on a strong
foundation of trust, transparency, and delivery excellence. As we enter our
next phase of growth, we are poised for the next leap, backed by stronger
capabilities, a professional and well-governed organisation, and a high-quality
project pipeline across Mumbai and South India.
Our
focus remains on creating differentiated products, strengthening our presence
in key micro-markets, and delivering long-term value to our customers and
stakeholders. This pipeline reflects not just our growth ambitions, but also
our confidence in India’s structural housing demand and the opportunities
emerging across urban markets.”
Mallanna
Sasalu, CEO – South, Puravankara Limited, added,
“We are entering this phase with a clear execution roadmap that is stronger,
more agile, and future-ready. Our developments are designed not just as real
estate projects, but as integrated communities that respond to evolving
customer needs.
At
the same time, we recognise the broader role we play in the economy. This scale
of development will create livelihoods, support a wide ecosystem of industries,
and contribute meaningfully to urban growth. Our sustainability initiatives,
including our afforestation pledge and focus on resource efficiency, are
integral to how we build for the future.”
Supported
by a robust pipeline, improving operating metrics, and a disciplined approach
to growth, Puravankara is entering its next phase with strong visibility and
confidence.
As
part of Puravankara’s Golden Jubilee year, the company has further strengthened
its sustainability commitments. Building on the pledge to plant 1 million trees
by 2030 under the World Economic Forum’s 1t.org global initiative, the company
will reinforce 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.
The
company remains committed to delivering long-term value through high-quality
developments, operational excellence, and a continued focus on sustainability
and stakeholder trust.
