Bengaluru, March 2026 – Bengaluru-based real estate developer Puravankara Limited has outlined an aggressive expansion plan, targeting the launch of 30 projects over the next two years, with a pipeline spanning 51.14 million square feet and an estimated gross development value of over ₹55,000 crore. The bulk of these developments will be concentrated in South India and Mumbai. A significant number of the 30 projects are already in the approval stage, while the remaining are in the design stage with approvals set to be initiated shortly. Mallanna Sasalu, CEO South for Puravankara, said that the company’s near-term pipeline alone, valued at ₹35,636 crore, translates to roughly 33 million square feet of launches over the next 30 months. Of this, around 25 million square feet will be concentrated in southern markets, with the remainder in the West. Nearly 70 to 75 per cent of project costs, largely land, have already been incurred, reducing execution risk for upcoming launches.
Operational Momentum and New Verticals
As of 9MFY26, Puravankara has reported pre-sales of ₹3,859 crore and customer collections of ₹3,045 crore, reflecting sustained demand and strong operating momentum. The company currently has a launch inventory of ₹19,742 crore already under execution, both residential and commercial alongside its future pipeline, scheduled for delivery over the next four to five years.
Managing Director Ashish Puravankara told Business Standard that the company is exploring new growth avenues, indicating that entry into the data centre segment is on the cards, having studied the asset class earlier. The Puravankara Group operates three distinct residential brands: Puravankara, Provident Housing Limited, and Purva Land and also includes Starworth Infrastructure and Construction Limited for technology-enabled construction. As of December 31, 2025, the company has completed over 93 projects covering approximately 56 million sq ft across nine major cities, with a total land bank of approximately 38 million sq ft.
Sustainability Commitment in Its Golden Jubilee Year
As part of Puravankara’s Golden Jubilee year, the company has further strengthened its sustainability commitments, building on the pledge to plant 1 million trees by 2030 under the World Economic Forum’s 1t.org global initiative. The company will reinforce this commitment through the upcoming Puravankara 10k Run on March 29, 2026, during which 10,000 trees will be planted, complemented by a continued focus on water conservation and green building practices.
