Puravankara Limited closed FY26 with one of its most aggressive land-acquisition runs in years, adding a series of parcels and joint development agreements across Bengaluru and Mumbai. During FY26, Puravankara strengthened its development pipeline through a series of strategic acquisitions and joint development agreements across Bengaluru and Mumbai, with a cumulative estimated gross development value of approximately ₹15,200 crore, marking the company's decisive entry into premium Mumbai redevelopment. For a homebuyer, this matters because a fatter land bank today becomes tomorrow's launch pipeline — more configurations, more micro-markets, and eventually more competitively priced inventory as supply scales up.
Bengaluru remained the epicentre of the buying spree. Puravankara acquired a 53.5 acre land parcel in Anekal Taluk, Bengaluru, located in Attibele Hobli, offering a saleable area of around 6.4 million square feet with a potential gross development value of over ₹4,800 crore. Ashish Puravankara, Managing Director of Puravankara Limited, said this acquisition is part of the company's ongoing efforts to systematically add quality developable land to its launch pipeline, reflecting a disciplined approach to growth and confidence in long-term fundamentals. Earlier in the year, the company had also entered into a partnership with KVN Property Holdings LLP for a 24.59 acre land parcel at KIADB Hardware Park in North Bengaluru, offering a developable area of 3.48 million square feet with a potential gross development value of over ₹3,300 crore, alongside a smaller joint development agreement for 5.5 acres of land in Balegere, East Bengaluru, with a development potential of approximately 0.85 million sq ft and GDV over ₹1,000 crores.
The momentum carried straight into the new fiscal year. In May 2026, the company announced the acquisition of a 14.57-acre land parcel in Mandur, Bengaluru, with a projected gross development value of approximately ₹2,300 crore, and a proposed total saleable area of around 1.8 million square feet, located in Bengaluru's eastern corridor near the Whitefield-Kadugodi micro-market, offering access to Whitefield, KR Puram, ITPL and the Outer Ring Road, while also benefiting from connectivity to Kempegowda International Airport. Weeks later, Puravankara moved north again, picking up a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru, with an estimated GDV of ₹800 crore and a development potential of 0.89 million sq ft, aligning with the company's strategy to strengthen its presence in high-growth micro-markets through outright purchases and partnerships.
Mumbai marked a genuine strategic pivot rather than routine top-up buying. The year marked the company's decisive entry into premium Mumbai redevelopment, anchored by a Malabar Hill transaction secured through a wholly owned subsidiary, spread across 1.43 acres with a development potential of 0.7 msft and an estimated GDV of around ₹2,700 crore. In Chembur, Puravankara was selected as the preferred developer for the redevelopment of eight residential societies spread across approximately 4 acres, unlocking over 1.2 msft with an estimated GDV of ₹2,100 crore. This builds on ground already broken in South Mumbai, where the company had earlier acquired the redevelopment rights of Miami Apartments spread over 2,000 sq meter of land at Breach Candy, Mumbai. That project has now cleared a key regulatory milestone: Puravankara Limited secured RERA registration for its residential project 'Miami By Purva' in Mumbai, effective June 18, 2026, registered under number PR1170002600857.
The land spree sits against a backdrop of record operating numbers. For FY26, Puravankara reported the highest-ever annual sales of ₹7,407 crore, a 55% increase year-on-year from ₹4,783 crore. In Q4FY26, the company reported a PAT of ₹111 crore, up 226% year-on-year, with sales at ₹3,547 crore — the highest-ever in any quarter. Looking ahead, sales guidance for FY 2026-27 is projected at ₹11,200 crore across the Southern and Western regions. That guidance appears on track: Puravankara reported pre-sales of ₹1,439 crore in Q1 FY27, marking a 28% year-on-year increase, while collections rose 40% YoY to ₹1,199 crore. The land-buying itself hasn't slowed either — Puravankara announced four land transactions during Q1 FY27, spanning approximately 41.93 acres, with a cumulative development potential of around 4.23 msf and a total estimated GDV of ₹5,200 crore.
Scale-wise, the company's overall footprint has grown considerably alongside this spree. As of March 31, 2026, Puravankara had completed 95 projects totaling 57 million square feet across nine Indian cities, with a total land bank of 40 million square feet. Within Bengaluru specifically, the company's total developable area in the city now stands at 25.61 million square feet — a figure that keeps climbing with every fresh parcel added in corridors like Devanahalli, Anekal, and Whitefield-Kadugodi.
For homebuyers tracking Puravankara, the practical takeaway is a launch pipeline that's both larger and more geographically diverse than at any point in the company's recent history. Bengaluru buyers can expect fresh supply across North Bengaluru's airport corridor, East Bengaluru's Whitefield belt, and the more affordably priced Anekal micro-market on the city's southern edge. Mumbai buyers, meanwhile, get access to a developer newly serious about premium redevelopment in address-driven pockets like Breach Candy, Malabar Hill, and Chembur — markets where fresh land is scarce and redevelopment is often the only route to new inventory. As these parcels move from acquisition to RERA registration to actual launch over the next 12-15 months, expect a steady stream of project announcements from both cities.
