Puravankara Launches 30 Projects Across South India and Mumbai: A Leap in Sustainable Urban Development
Puravankara Limited (NSE: PURVA | BSE: 532891), a renowned and trusted real estate developer in India, has announced an ambitious plan to launch 30 new projects over the next 24 months. The projects will primarily be spread across South India and Mumbai, marking a significant step in the company’s growth strategy.
The planned pipeline comprises nearly 51.14 million square feet of developable area, with an estimated Gross Development Value (GDV) of over Rs 55,000 crores. This substantial investment reflects Puravankara’s commitment to high-quality, well-located developments in key urban markets. As of 9MFY26, the company has reported pre-sales of Rs 3,859 crores and customer collections of Rs 3,045 crores, indicating strong demand and operational momentum.
Ashish Puravankara, Managing Director of Puravankara Limited, expressed his confidence in the company’s future. “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 organization, and a high-quality project pipeline across Mumbai and South India,” he said.
Mallanna Sasalu, CEO - South, Puravankara Limited, added, “We are entering this phase with a clear execution roadmap that is stronger, more agile, and future-ready. Our developments are designed not just as real estate projects, but as integrated communities that respond to evolving customer needs. At the same time, we recognize the broader role we play in the economy. This scale of development will create livelihoods, support a wide ecosystem of industries, and contribute meaningfully to urban growth.”
The company’s upcoming projects are expected to generate around 8 million man-days of direct employment annually and boost over 250 ancillary industries associated with the real estate sector. This aligns with Puravankara’s larger purpose of creating long-term value for all stakeholders and contributing to economic activity.
In addition to its growth plans, Puravankara is committed to sustainability. As part of its Golden Jubilee year, the company has pledged to plant 1 million trees by 2030 under the World Economic Forum’s 1t.org global initiative. This commitment will be reinforced through the upcoming Puravankara 10k Run on 29 March 2026, during which 10,000 trees will be planted. The company will also continue to focus on water conservation, green building practices, and environmentally responsible development across its projects.
Supported by a robust pipeline, improving operating metrics, and a disciplined approach to growth, Puravankara is entering its next phase with strong visibility and confidence. The company remains committed to delivering long-term value through high-quality developments, operational excellence, and a continued focus on sustainability and stakeholder trust.
