Puravankara to launch housing projects worth over Rs 35Kcr in 2.5yrs to tap demand

Bengaluru: Realty firm Puravankara Ltd on Wednesday said it will launch around 30 housing projects, mainly in South and West India over the next two and half years with an estimated revenue of Rs 35,636 crore, as it looks to tap rising demand of residential properties.

That apart, the company has around 26 ongoing housing projects where units worth Rs 19,742 crore are under sale.


In a press conference, Ashish Puravankara, Managing Director of Puravankara Ltd, said the company is bullish on housing demand, especially for big branded developers who have better track record of executing projects on time.

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"Over the past five decades, we have built Puravankara on a strong foundation of trust, transparency, and delivery excellence. As we enter our next phase of growth, we are poised for the next leap, backed by stronger capabilities, a professional and well-governed organisation, and a high-quality project pipeline across Mumbai and South India," he said.

Ashish said the focus would remain on creating differentiated products, strengthening presence in key micromarkets, and delivering long-term value to customers and stakeholders.

He said the construction cost would not rise much because of this West Asia conflict and mentioned that NRIs from Gulf countries are showing interest in buying properties in India.

Mallanna Sasalu, CEO - South, Puravankara Ltd, said the company has a total inventory of Rs 55,378 crore, which includes homes under sales in existing projects and also upcoming projects.

"We will be launching around 30 projects over the next 24-30 months with an estimated revenue of Rs 35,636 crore," he added.

Sasalu said the total construction cost to develop these under-sale inventories and upcoming projects would be around Rs 18,000 crore and the same would be largely met through advances from customers against sales.

As of December 31, 2025, Puravankara has completed 93 projects measuring 56 million sq ft across nine cities - Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

The company's total land bank is 38 million sq ft and ongoing projects add up to 34 million sq ft.

During the first nine months of this fiscal, the company's sales bookings or pre-sales rose 9 per cent to 3,859 crore from Rs 3,543 crore in the corresponding period of the preceding year.