Puravankara adds ₹13,900 crore worth of new projects in April-December period

Realty firm Puravankara reported a strong operating performance in the third quarter of FY26, supported by steady sustenance sales and portfolio expansion. The company recorded pre-sales of ₹1,414 crore in Q3FY26, up 17% year-on-year, while customer collections grew 22% y-o-y to ₹1,140 crore. Average price realisation improved 12% YoY during the quarter.

For the first nine months of FY26, Puravankara expanded its development pipeline by over 12.76 million sq ft, adding projects with an estimated gross development value (GDV) of approximately ₹13,900 crore across key markets in Bengaluru and Mumbai.

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Ashish Puravankara, Managing Director, Puravankara, said the company continued to focus on disciplined growth through selective acquisitions in high-demand micro-markets.

He highlighted marquee additions during 9MFY26, including a 53.5-acre land parcel in Anekal Taluk, Bengaluru, large-scale partnerships in North and East Bengaluru, and premium redevelopment projects at Malabar Hill and Chembur in Mumbai. He added that sustained sales momentum in Q3FY26 reflected strong customer confidence and brand equity across markets.

During Q3FY26, the company launched Purva Silversky at Hebbagodi Village, Attibele Hobli, Anekal Taluk, Bengaluru, offering 356 homes across 3, 4 and 5 bhk configurations with a total saleable area of 0.77 million sq ft. Cumulatively, Puravankara launched 2.83 million sq ft during 9MFY26, including 2.05 million sq ft from new phase launches.

In Bengaluru, Puravankara acquired a 53.5-acre land parcel in Attibele Hobli, Anekal Taluk, with a development potential of 6.4 million sq ft and an estimated GDV of about ₹4,800 crore. The company also entered into a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, with a GDV potential exceeding ₹1,000 crore. In North Bengaluru, it partnered with KVN Property Holdings LLP for a 24.59-acre land parcel at KIADB Hardware Park, offering 3.48 million sq ft of developable area and a potential GDV of over ₹3,300 crore.

In Mumbai, Puravankara secured a redevelopment project at Malabar Hill through its wholly owned subsidiary, spanning 1.43 acres with a GDV potential of around ₹2,700 crore. The company was also selected as the preferred developer for the redevelopment of eight residential societies in Chembur, unlocking over 1.2 million sq ft of development potential with an estimated GDV of ₹2,100 crore.

India’s macroeconomic momentum remained strong in Q2FY26, with real GDP growth of about 8.2% YoY, prompting the RBI to raise its FY26 growth forecast to 7.3%. While residential housing demand moderated in Q3FY26, declining around 16% YoY in volume terms, the commercial real estate segment remained resilient. Leasing activity rose roughly 15% QoQ, led by Bengaluru with a 24% share, followed by Mumbai at 22% and Delhi-NCR at 18%, underscoring sustained demand across key office markets.