Puravankara enters NCR with Rs 340 crore Greater Noida land buy, eyes Rs 5,200 crore GDV

New Delhi: Bangalore headquartered Puravankara has acquired a 13.44-acre land parcel in Greater Noida for Rs 340 crore, marking it’s entry to the NCR real estate market.

The parcel has a saleable potential of 4.57 million sq. ft. and an estimated Gross Development Value (GDV) of approximately Rs 5,200 crore.

The land has been acquired by Prudential Housing and Infrastructure Development, a subsidiary of the firm in DMIC integrated township, Greater Noida, through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited.


Recently, Godrej Properties also acquired 23.2 acres (93,905 sq. mtr.) residential land parcel in the same township.

“NCR is one of India’s largest and most dynamic real estate markets, and we have been deliberate in identifying the right opportunity to establish our presence here. Greater Noida offers the combination of scale, infrastructure momentum and long-term demand that we look for when entering a new geography,” said Ashish Puravankara, Managing Director, Puravankara Limited.

Planned as an integrated industrial and urban ecosystem, the township benefits from access to key regional infrastructure, including the Yamuna Expressway. The development of Noida International Airport at Jewar is also expected to further strengthen connectivity and support economic and employment growth across the region.

“Greater Noida presents a compelling opportunity for Puravankara to establish its presence in NCR at a meaningful scale. The region is seeing strong infrastructure-led growth, expanding economic activity and improving connectivity, creating a favourable environment for long-term residential demand. We see this project as an opportunity to bring a differentiated Puravankara offering to the market, backed by thoughtful design, quality and disciplined execution,” said Rajat Rastogi, CEO-West & Commercial Assets, Puravankara Limited.

The acquisition is Puravankara’s largest land transaction in FY27 so far. Including this acquisition, the company’s FY27 business development across Delhi-NCR, Mumbai and Bengaluru spans approximately 10.74 million sq. ft. of saleable area and an estimated GDV of Rs 14,100 crore.

Puravankara continues to pursue a mix of outright acquisitions, joint development agreements and other capital-efficient structures to strengthen its development pipeline across established markets while selectively expanding into new growth geographies.

The Delhi-NCR entry comes close on the heels of Puravankara’s Rs 2,600 crore redevelopment win in Goregaon West, Mumbai, underscoring the company’s continued momentum in expanding its development pipeline across key markets.