Puravankara Accelerates Growth: Massive Portfolio Expansion in FY26

Puravankara reported pre-sales of Rs 1,414 crore in the third quarter of FY26 ended in December, marking a 17 per cent annual growth. In the first nine months of FY26, the company added over 12.76 million square feet of potential developable area with a gross development value (GDV) of approximately Rs 13,900 crore.

The average price realisation improved by 12 per cent year-on-year to Rs 9,500 per square foot. Customer collections for the quarter grew by 22 per cent year-on-year to Rs 1,140 crore. This momentum reflects sustained demand across the developer's key markets and strong operational momentum.

The portfolio expansion spans multiple high-growth corridors. Acquisitions include a 53.5-acre land parcel in Anekal Taluk, Bengaluru, large-scale partnerships in North and East Bengaluru, and redevelopment projects at Malabar Hill and Chembur. In Mumbai, through its wholly owned subsidiary, Puravankara secured a redevelopment project in Malabar Hill spanning 1.43 acres with 0.7 million square feet of premium development and a GDV potential of Rs 2,700 crore.

Puravankara's expansion in the Mumbai-Thane market marks a significant strategic move. The company has acquired a prime land parcel of 12.75 acres in Patlipada, Thane, strategically located on Ghodbunder Road, with an estimated potential carpet area of 18.20 lakh sq ft and a projected Gross Development Value (GDV) exceeding ₹4,000 crore over the project lifecycle. Planned infrastructural advancements like the upcoming Metro Line 4, the Eastern Freeway extension, and the Thane-Borivali tunnel project further enhance the area's accessibility and connectivity.

During Q3 FY26, the developer handed over 1.23 million square feet, delivering 1,116 homes, taking the cumulative handover for 9M FY26 to 2.58 million square feet (2,446 homes). This delivery momentum underscores operational excellence and customer satisfaction. Looking ahead, Puravankara announced 30 projects over the next 24 months, primarily across South India and Mumbai, with a pipeline comprising 51.14 million square feet of developable area and an estimated Gross Development Value (GDV) of over Rs 550 billion.