Puravankara Expands Real Estate Portfolio in Mumbai and Bengaluru with Four New Projects
Puravankara Ltd, a leading real estate developer, has added four new projects in Mumbai and Bengaluru, with a combined gross development value (GDV) of ₹9,100 crore in the first half of FY26.
Real EstatePuravankaraMumbaiBengaluruProjectsReal Estate MumbaiOct 13, 2025
These include two projects in the Mumbai real estate market and two projects in North and East Bengaluru.
In Mumbai, the company secured a redevelopment project in the prestigious Malabar Hill area of South Mumbai, with an estimated potential of ₹2,700 crore. The project involves offering 0.7 million sq ft of development on 1.43 acres of land. The second project, located in Chembur, has an estimated potential of ₹2,100 crore and comprises 1.2 million sq ft of development on 4 acres of land.
In Bengaluru, the company announced a partnership with KVN Property Holdings LLP for a 24.59-acre land parcel, offering a developable area of 3.48 million sq ft and an estimated potential value of over ₹3,300 crore. This was followed by another joint development project in the Balegere area of Bengaluru, with a potential value of ₹1,000 crore on a 5.5-acre land parcel.
In Q2 FY26, Puravankara sustained its growth momentum, driven entirely by sustenance sales, achieving pre-sales of ₹1,322 crores and collections of ₹1,047 crores, both showing year-on-year improvements. During the first half of FY26, the company made significant progress in expanding its portfolio, adding over 6.36 million square feet of potential developable area with an estimated GDV of approximately ₹9,100 crores, said Ashish Puravankara, Managing Director, Puravankara Limited.
The company reported pre-sales of ₹1,322 crore in Q2 FY26, a 4% year-on-year increase from ₹1,270 crore in the same quarter last year. For the first half of FY26, pre-sales totalled ₹2,445 crore, representing a 4% increase from ₹2,349 crore in H1 FY25. Sales volume during Q2 FY26 was 1.50 million sq ft, taking the total for H1 FY26 to 2.75 million sq ft.
The company’s average realisation improved to ₹8,814 per sq ft in Q2 FY26, up 7% year-on-year, and to ₹8,891 per sq ft in H1 FY26, reflecting an 8% increase from the previous year.
According to the company, India’s macroeconomic picture has shown renewed strength over the past quarter. The Q1 FY26 real GDP increased 7.8% Year-over-Year, driven by momentum in services, construction, and consumption. The Reserve Bank of India (RBI) has raised its FY26 growth projection to 6.8%, a notch above earlier forecasts, reflecting confidence that domestic demand and rural recovery will offset global headwinds.
In Q3 CY25, residential demand grew ~1% year-over-year (Y-o-Y), with the ₹1–2 crore segment driving volumes, despite a slight moderation in new launches. Prices across major metros rose 5–17%, led by NCR, Bengaluru, and Chennai. Puravankara is well-placed to benefit from current real estate tailwinds, the company statement added.
Frequently Asked Questions
What is the total gross development value (GDV) of the new projects added by Puravankara in the first half of FY26?
The total gross development value (GDV) of the new projects added by Puravankara in the first half of FY26 is ₹9,100 crore.
Where are the new projects located?
The new projects are located in Mumbai and North and East Bengaluru.
What is the estimated potential of the Malabar Hill project in Mumbai?
The estimated potential of the Malabar Hill project in Mumbai is ₹2,700 crore.
How much did Puravankara's pre-sales increase in Q2 FY26 compared to the same quarter last year?
Puravankara's pre-sales increased by 4% year-on-year in Q2 FY26, from ₹1,270 crore to ₹1,322 crore.
What is the estimated potential value of the joint development project in the Balegere area of Bengaluru?
The estimated potential value of the joint development project in the Balegere area of Bengaluru is ₹1,000 crore.
Related News Articles
Prestige Estates Projects Sees 13% Dip in Q1 Profit to Rs 232.6 Cr
Prestige Estates Projects, a leading real estate company, reported a 13% decline in its net income to Rs 232.6 crore in the quarter ended June 2024, owing to increased expenses.
Amitabh Bachchan and Son Abhishek Purchase Luxurious Properties in Mulund Worth ₹24.95 Crore
Father-son duo Abhishek and Amitabh Bachchan have bought properties in Mulund West, Mumbai, worth Rs 24.95 crore. The luxurious property is within a high-end project and boasts modern amenities and sophisticated design.
Karnataka RERA Finds Krishna E Campus Private Limited Liable for Delayed Possession
The Karnataka Real Estate Regulatory Authority (RERA) bench, comprising GR Reddy (Member), has issued a directive against Krishna E Campus Private Limited (KECPL) for failing to deliver possession of the flats on the promised timeline.
The Nuclear Family: Housing India's Millennials in Pune
Real Estate - The Nuclear Family: Housing India's Millennials. Pune, 25th November 2024: Young, dual-income nuclear families and single professionals are reshaping the real estate market in Pune. Here’s a detailed look at the trends and opportunities.
Mumbai Police Tightens Security with Preventive Measures Against Potential Threats
The Mumbai Police have issued a preventive order to address potential security threats by requiring property owners and real estate dealers to submit tenant details on the citizen portal.
Gauri Khan Sells Mumbai Flat for ₹11.61 Crore, Reaps 37% Profit in Just 19 Months
Gauri Khan, the renowned Indian interior designer and wife of Bollywood superstar Shah Rukh Khan, has sold her Mumbai flat for a staggering ₹11.61 crore, marking a 37% profit in just 19 months. This impressive sale highlights the robust real estate market in the bustling metropolis.