Puravankara Announces New Luxury Residential Launch in Hyderabad

Puravankara Limited is widening its premium residential footprint with a new luxury launch in Hyderabad, adding to a portfolio that already spans nine cities. Puravankara Limited, a renowned Indian real estate developer, has announced the grand opening of its new luxury flat project in Hyderabad, with the business hoping to raise the bar for luxury living in the city with this new project. The move builds on the Purva brand's long-standing presence in the city, which already includes commercial developments such as Purva Summit in HITEC City.

Location is central to the pitch. The project is located in one of Hyderabad's most sought-after areas, providing residents with a combination of modern facilities, peaceful environments, and quick access to key destinations, with easy connectivity to HITEC City, Gachibowli, and the Financial District. This puts the new development within reach of Hyderabad's largest concentration of IT and GCC employers, a factor that has consistently driven housing demand in the western micro-markets.

The timing lines up with a broader boom in Hyderabad's western corridor. Kokapet has witnessed one of the fastest real estate growth trends in Hyderabad, with property prices surging due to its proximity to the Financial District and large-scale infrastructure under the Neopolis master plan, rising from ₹4,000–₹5,500 per sq.ft to ₹11,000–₹12,500 per sq.ft between 2025 and 2026. Infrastructure upgrades are reinforcing this trend: Hyderabad Metro Phase 1 was officially transferred to state control in April 2026, and a ₹24,269 crore, 76.4 km Phase 2 expansion has now been cleared, with property appreciation expected in Kokapet, Tellapur, Shamshabad, and the airport corridor.

On the corporate side, Puravankara enters this launch on strong financial footing. The company reported a consolidated net profit of Rs 26.02 crore in Q1 FY27, against a net loss of Rs 68.55 crore in the same quarter a year earlier, with revenue rising 61.85% year-on-year to Rs 848.72 crore. Pre-sales rose 28% year-on-year to Rs 1,439 crore on 1.36 million sq. ft. across 1,017 units, average realisation increased 18% to Rs 10,589 per sq. ft., and customer collections rose 40% to Rs 1,199 crore — the highest first-quarter collections in three years.

Managing Director Ashish Puravankara linked this performance directly to the company's expansion strategy. He said Q1FY27 reflects the continued strengthening of operating performance, with healthy growth in revenue, pre-sales and collections, alongside improved margins, adding that 2,777 completed units are currently pending revenue recognition. During the quarter the company added ₹5,200 crore of GDV through four land transactions in Bengaluru and continues to target an estimated surplus of ₹19,831 crore over the next 3-5 years, backed by a strong launch pipeline.

Across its operations, the developer's scale gives the new Hyderabad launch context. As of June 30, 2026, Puravankara had completed 97 projects totaling around 59 million sq. ft. across nine cities — Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The Hyderabad luxury launch is being positioned to match this track record on design and specification. The project's standout feature is its modern, elegant architectural design, built using high-quality materials to ensure durability and longevity. Kitchens are planned with high-end appliances and ample storage, while bathrooms will feature contemporary fixtures for a spa-like experience.

Security and connectivity round out the offering. Security is a stated priority, with the project equipped with modern technologies such as CCTV surveillance, intercom facilities, and 24-hour security guards to assure residents' safety and peace of mind. The location also enjoys good connectivity to the airport and railway station, making it an ideal choice for frequent travelers. For homebuyers tracking Hyderabad's luxury segment, the launch adds another established, listed developer to a corridor already crowded with premium names — a signal that demand in the city's western belt shows no signs of slowing.