BENGALURU, March 25, 2026 — Puravankara Limited (NSE: PURVA | BSE: 532891), a leading name in Indian real estate, has announced a transformative growth roadmap. The company plans to launch 30 new projects over the next 24 months, focusing primarily on the high-growth markets of South India and Mumbai.
This ambitious expansion represents a total developable area of approximately 51.14 million sq. ft., with an estimated Gross Development Value (GDV) exceeding ₹55,000 crores. This move signals a significant acceleration in the company’s trajectory, with a substantial portion of these projects already in the approval or advanced design stages.
Robust Financial Momentum and Economic Impact
The announcement comes on the heels of strong operational performance. As of 9MFY26, Puravankara reported:
- Pre-sales: ₹3,859 crores
- Customer Collections: ₹3,045 crores
Beyond corporate growth, this project pipeline is set to be a major catalyst for the regional economy. The company estimates these developments will generate roughly 8 million man-days of direct employment annually and provide a significant boost to over 250 ancillary industries connected to the real estate ecosystem.
Ashish Puravankara, Managing Director, emphasized that this leap is built on five decades of trust and delivery excellence. “Backed by stronger capabilities and a high-quality pipeline, we are poised for our next phase of growth. Our focus remains on creating differentiated products in key micro-markets and delivering long-term value to our stakeholders,” he stated.
Mallanna Sasalu, CEO – South, highlighted the company’s agile execution roadmap. “Our developments are designed as integrated communities that respond to evolving customer needs. This scale of development not only supports urban growth but creates vital livelihoods across the industry,” Sasalu added.
A Golden Jubilee Commitment to Sustainability
As Puravankara celebrates its Golden Jubilee, the company is reinforcing its commitment to environmental stewardship. Central to this is a pledge to plant 1 million trees by 2030 as part of the World Economic Forum’s 1t.org initiative.
As a localized step toward this goal, the upcoming Puravankara 10k Run on March 29, 2026, will trigger the planting of 10,000 trees. These afforestation efforts are complemented by the company’s ongoing dedication to:
- Water conservation systems
- Green building certifications
- Resource-efficient construction practices
Future Outlook
With a disciplined approach to capital allocation and a robust launch inventory, Puravankara is entering this new chapter with high visibility and confidence. The company remains dedicated to its core pillars of operational excellence and stakeholder trust, ensuring that its growth contributes meaningfully to India’s structural housing demand.
