Puravankara to Launch ₹35.6K Cr Projects Amid Strong Demand

REAL-ESTATE
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AuthorAarav Shah|Published at:
Puravankara to Launch ₹35.6K Cr Projects Amid Strong Demand
Overview

Realty firm Puravankara Ltd revealed plans to launch around 30 housing projects over the next 2.5 years, targeting South and West India. The ambitious expansion is expected to generate an estimated ₹35,636 crore in revenue, tapping into rising residential property demand. With ongoing projects holding ₹19,742 crore in saleable units, the company's total inventory reaches ₹55,378 crore as it seeks to leverage its strong brand and delivery track record.

Puravankara Plans 30 New Projects for ₹35,636 Crore Revenue

Puravankara Ltd is set to significantly expand its footprint, announcing plans for approximately 30 new housing projects over the next two and a half years. Primarily targeting markets in South and West India, this expansion is aimed at capturing strong demand for residential properties. The company projects these launches will generate an estimated revenue of ₹35,636 crore.

Total Project Inventory Reaches ₹55,378 Crore

The real estate firm is building on its current portfolio, which includes around 26 ongoing housing projects with units worth ₹19,742 crore currently under sale. This brings the company's total inventory, combining ongoing and upcoming projects, to a substantial ₹55,378 crore. Management expresses confidence in the housing demand, particularly from large, branded developers with proven delivery capabilities.

MD Highlights Trust, Transparency, and Growth Focus

Ashish Puravankara, Managing Director, emphasized the company's commitment to its foundational strengths of trust and transparency. He noted that the current growth phase is supported by enhanced capabilities and a high-quality project pipeline, especially in Mumbai and South India. The strategy will focus on developing differentiated products and strengthening presence in key micro-markets.

Stable Costs Expected, NRI Interest Strong

Puravankara's leadership indicated that construction costs are not expected to rise significantly due to ongoing West Asia conflicts. Furthermore, the company is observing keen interest from Non-Resident Indians (NRIs) in the Gulf countries looking to purchase properties in India.

Puravankara's Track Record: 93 Projects Completed

As of December 31, 2025, Puravankara has successfully completed 93 projects spanning 56 million square feet across nine major cities. The company boasts a land bank of 38 million square feet, with ongoing projects accounting for an additional 34 million square feet.

Nine-Month Sales Up 9% to ₹3,859 Crore

In the first nine months of the current fiscal year, Puravankara reported a 9 percent increase in sales bookings, reaching ₹3,859 crore, up from ₹3,543 crore in the corresponding period of the previous fiscal year. This growth reflects positive market reception to their offerings.

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