Puravankara Launches 30 Mega Real Estate Projects in South India and Mumbai
Puravankara Limited has officially unveiled an ambitious expansion strategy with 30 new real estate projects across South India and Mumbai, targeting over ₹55,000 crore GDV over 24 months. The comprehensive development plan covers 51.14 million sq. ft. of developable area and is supported by strong operational performance with ₹3,859 crore pre-sales in 9MFY26. The initiative will create significant economic impact through 8 million man-days of annual employment and support over 250 ancillary industries, while the company maintains its environmental commitment to plant 1 million trees by 2030.
The company's latest development pipeline encompasses substantial scale and geographic diversity. According to the official announcement made on March 25, 2026, the comprehensive project portfolio demonstrates Puravankara's confidence in key metropolitan markets. The 30 new projects will be spread across major cities in South India and Mumbai, reflecting the company's strategic focus on high-growth regions.
Puravankara's expansion comes on the back of strong operational performance. The company has demonstrated sustained market momentum with robust pre-sales and collection figures for the current financial year. In the first nine months of FY26, Puravankara achieved pre-sales of ₹3,859 crore and customer collections of ₹3,045 crore. The company has also completed over 93 projects, totaling 56 million sq. ft. of developed area, and currently holds a land bank of 38 million sq. ft.
The ambitious project pipeline is expected to create significant economic impact beyond real estate development. According to company estimates, the development program will generate substantial employment opportunities and support various ancillary industries. The projects are expected to create 8 million man-days of annual employment and support over 250 ancillary industries. Additionally, the company's market presence will expand to 9 cities across India, with a commercial portfolio of 3 million sq. ft.
Alongside its business expansion, Puravankara has reinforced its environmental sustainability initiatives. The company continues its commitment to the World Economic Forum's 1t.Org Initiative with specific targets and upcoming environmental activities. Puravankara aims to plant 1 million trees by 2030, with an upcoming Puravankara 10k Run on March 29, 2026, where 10,000 trees will be planted.
Managing Director Ashish Puravankara emphasized the company's foundation of trust, transparency, and delivery excellence built over five decades. CEO-South Mallanna Sasalu highlighted the company's focus on creating integrated communities that respond to evolving customer needs while contributing meaningfully to urban growth and supporting a wide ecosystem of industries.
Puravankara's strategic expansion is not only a testament to the company's growth but also a significant step towards sustainable urban development. The company's commitment to environmental sustainability and economic impact showcases its holistic approach to real estate development, ensuring long-term value for stakeholders and the communities it serves.
