Puravankara Adds ₹8,900 Crore to Its Development Pipeline

Puravankara reported 6.51 million sq ft of development potential added during Q2 FY27, with an estimated gross development value (GDV) of ₹8,900 crore. The opportunities span South-East Bengaluru, Goregaon West in Mumbai and Greater Noida.

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

The Greater Noida opportunity is a 13.44-acre land parcel with 4.57 million sq ft of development potential and an estimated GDV of ₹5,200 crore. Together, the three additions account for the reported Q2 total of 6.51 million sq ft and ₹8,900 crore in estimated GDV.

These additions bring Puravankara’s reported H1 FY27 business-development pipeline to 10.74 million sq ft, with an estimated GDV of ₹14,100 crore across Bengaluru, Mumbai and Greater Noida. The opportunities are at the business-development stage.

Ashish Puravankara, Managing Director of Puravankara Limited, said the company selected opportunities for their scale and long-term value. He added that the company would remain selective in deploying capital and focused on execution, with the priority of converting development potential into launches, sales and cash flows.

The pipeline update accompanies continued activity across the business. Puravankara reported Q2 FY27 pre-sales of ₹2,136 crore, up 62% year on year, and customer collections of ₹1,301 crore, up 24%. Sales area reached 1.83 million sq ft, while average sales realisation was ₹11,651 per sq ft.

During Q2 FY27, the company launched Westend and Equinox 6 in Bengaluru and Miami in Mumbai, together representing 1.00 million sq ft of developable area. It also handed over 977 homes covering 0.97 million sq ft in the quarter. The next stated priority for the new pipeline is to progress it towards launches, sales and cash flows.