Puravankara's 2026 Momentum: Record Sales, New Launches

Puravankara Limited has opened FY27 on a strong note, and the momentum is translating directly into new project launches for homebuyers. Realty firm Puravankara reported a 28 per cent growth in sales bookings to Rs 1,439 crore for the first quarter of this fiscal on better volumes as well as average price realisation. Collections rose 40% year-over-year to ₹1,199 crore, while average price realisation improved 18% YoY to ₹10,589 per sq ft. Managing Director Ashish Puravankara noted the company is firmly on track to achieve its 2026-27 sales guidance of Rs 11,200 crore across the Southern and Western regions.

This follows a record-setting FY26. Puravankara posted a PAT of ₹111 crore in Q4 FY26, up 226% year-on-year, with sales for the quarter at ₹3,547 crore — the highest ever in any single quarter, up 190% from ₹1,225 crore in Q4 FY25, on a sales volume of 3.01 million sq ft. The company recorded its highest-ever annual sales of ₹7,407 crore in FY26, up 55% over FY25. As of March 2026, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

Behind the launches is an aggressive land-banking push. The company added ₹5,200 crore to its GDV pipeline through four land transactions in Q1 FY27, including a Joint Development Agreement for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated GDV of ₹1,100 crore and a developable area of 0.74 million square feet. This was followed by another deal: a joint development agreement for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated Gross Development Value of Rs 1,000 crore, and a saleable area of approximately 0.8 msft. CEO Mallanna Sasalu confirmed that this transaction follows four land deals announced earlier in the quarter, and together these cover around 41.93 acres with a cumulative estimated development potential of around 4.23 million square feet and a combined GDV of about ₹5,200 crore.

Puravankara is also actively monetising assets to fund growth. The company agreed to sell Purva Zentech to ICICI Prudential AMC for ₹625.94 crore, and separately completed the sale of its Purva Ruby Properties stake for ₹145 crore. On the leadership front, the company also appointed Amit Narain Ahuja as Chief Risk Officer.

The flagship new launch drawing attention in North Bangalore is Purva Northern Lights. Located inside KIADB Aerospace Park and Hardware Park on Bagalur Road, North Bangalore, the project is set over 24.59 acres and offers 2,973 premium apartments across 8 towers, each with B+G+31 floors. Apartments come in 1, 2, 3, and 4 BHK layouts with carpet areas from 408 sq ft to 2,332 sq ft, with prices starting at ₹80 lakhs. Phase 1 has already cleared regulatory approval: Phase 1 RERA was approved on 12 March 2026, covering 3 towers with 1,225 units on 9.5 acres, and per project listings the full 8-tower, 2,973-unit project will have separate RERA registrations for Phases 2, 3 and beyond.

Beyond Northern Lights, several other Puravankara projects are moving through pre-launch and early-launch stages across Bangalore's growth corridors, though buyers should independently verify RERA status before booking. Purva Esplanade, positioned in the KIADB Aerospace Park/Hardware Park belt, is a pre-launch community spread across 25 acres, offering spacious 2, 3, and 4 BHK apartments with modern layouts. In the eastern IT corridor, Purva Kensho Hills is a plotted development in Sarjapur to be constructed on 71 acres with 700 plots ranging from 1,200 to 2,000 sq ft. Elsewhere, project listings point to a pre-launch ultra-luxury tower on Hennur Main Road and a South Bangalore launch near Kudlu Gate — both indicative of the developer's push to add supply across price bands, from affordable plotted layouts to premium high-rises.

For homebuyers, the current cycle offers both opportunity and reasons for diligence. Puravankara's scale and delivery track record — 50 years in business, over 86 completed projects and more than 45 million sq ft of residential space delivered — lend confidence to its pipeline. At the same time, several 2026 projects are still in pre-launch or RERA-pending stages, meaning prices, unit sizes and possession timelines can shift before formal registration. Buyers should always cross-check a project's RERA number on the respective state RERA portal, confirm the registered promoter entity, and review the payment schedule before making a booking commitment.

With a total land bank of around 40 million square feet and ongoing projects covering 36.69 million square feet, Puravankara's 2026 pipeline looks set to keep expanding through the rest of the fiscal year. Management has reiterated confidence in hitting its FY27 sales guidance, positioning this as one of the more active years yet for the developer's Bangalore and pan-India launch calendar.