Puravankara Celebrates 50 Years in Real Estate with Ambitious Expansion Plans
Puravankara, a Bengaluru-based real estate giant, marks its 50th year with a robust investment pipeline of ₹21,500 crore and plans to launch 15 million square feet of projects over the next 18 months.
Real EstatePuravankaraExpansionMilestonesDevelopmentReal Estate NewsNov 11, 2025
Fifty years in Indian real estate is a rare achievement, and Ravi Puravankara, the founder and chairman, shares his insights on this milestone. “It’s an incredible feeling of humility and pride,” he says. “When we started in 1975, the Indian real estate sector was largely informal, fragmented, and lacked regulatory safeguards. There was no RERA or institutional funding; everything was self-made—from credibility to systems, often relying on our own capital. Our founding purpose was simple but profound: to deliver homes rooted in trust where people could live with dignity.”
Today, Puravankara has delivered over 55 million square feet of projects and expanded across nine cities, with an ongoing developable area exceeding 34 million square feet and a land bank of over 32 million square feet. This milestone validates the company’s values of integrity, prudence, and commitment.
Several key milestones have defined Puravankara’s journey. In 2005, the company was a pioneer in bringing foreign direct investment into Indian housing, a bold move that required building immense institutional trust. The IPO in 2007 was another transformative step, enhancing governance and transparency. The launch of Provident Housing, the company’s affordable housing arm, further solidified its commitment to social needs without compromising on quality.
Trust, ethics, and transparency are integral to Puravankara’s business philosophy. “Buying a home is a lifetime investment for most people, so honesty and transparency are non-negotiable,” Ravi explains. These principles were embedded from the start, ensuring title clarity, timely delivery, and construction quality. In challenging times, such as financial crises or the pandemic, these values have been the company’s strongest assets, building goodwill and lasting relationships with customers.
The company has faced multiple challenges over the years, including the Asian financial crisis of 1997, the global financial meltdown in 2008, and the COVID-19 pandemic. Each crisis tested the company’s core business fundamentals. Puravankara learned the importance of maintaining a conservative balance sheet, focusing on cash flow, and diversifying across geographies, product segments, and pricing to mitigate risks. Investing in people and efficient processes has been crucial for long-term resilience.
Ashish Puravankara now leads the business with a dynamic, future-ready mindset, embracing digitization, customer centricity, and compliance rigour. The company is professionally managed, financially robust, with a net debt of about ₹2,894 crore offset by projected surplus cash flows exceeding ₹15,000 crore over the coming years. Puravankara’s total investment pipeline exceeds ₹21,500 crore, spanning residential, plotted, and commercial projects. The company is sharpening its market identity under the “Purvavankara” brand to consolidate its leadership.
In Bengaluru, Puravankara recently signed a joint development agreement (JDA) in East Bengaluru with an estimated GDV exceeding ₹1,000 crore. With a robust under-construction pipeline of about 34 million square feet and strong presales momentum, Puravankara continues to expand its footprint beyond Bengaluru into western and southern Indian markets, reflecting its commitment to capital-efficient growth and sustainable community-focused developments.
Frequently Asked Questions
What is Puravankara's 50-year milestone in the real estate sector about?
Puravankara, a Bengaluru-based real estate company, has been in operation for 50 years, marking a significant achievement in the Indian real estate industry. The company has delivered over 55 million square feet of projects and expanded across nine cities.
What are Puravankara's plans for the next 12 to 15 months?
Puravankara plans to launch around 15 million square feet of projects over the next 12 to 15 months, targeting a gross development value (GDV) of approximately ₹18,000 crore. This growth is supported by a diversified portfolio spanning nine cities.
What key milestones have defined Puravankara's journey?
Key milestones include bringing foreign direct investment into Indian housing in 2005, the IPO in 2007, and the launch of Provident Housing, the company’s affordable housing arm. These steps have cemented Puravankara’s reputation and helped it grow sustainably.
How does Puravankara ensure trust and transparency in its business?
Puravankara embeds principles of trust, ethics, and transparency in all its operations, ensuring title clarity, timely delivery, and construction quality. These values have been crucial in building goodwill and lasting relationships with customers.
What is Puravankara's future outlook under the leadership of Ashish Puravankara?
Under Ashish Puravankara’s leadership, the company is embracing digitization, customer centricity, and compliance rigour. Puravankara is professionally managed, financially robust, and aims to launch 15 million square feet of projects with a GDV target of ₹18,000 crore over the next 18 months.
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