Puravankara Marks 50 Years in Indian Real Estate with Ambitious Expansion Plans
Puravankara, a leading real estate developer based in Bengaluru, celebrates 50 years of operations with plans to launch 15 million square feet of projects across nine cities, including redevelopment in Mumbai and new acquisitions in Bengaluru.
Real EstatePuravankaraDevelopmentMumbaiBengaluruReal Estate MumbaiNov 11, 2025
Fifty years in Indian real estate is a rare feat. How does it feel to have reached this milestone?
It’s an incredible feeling of humility and pride. Back in 1975, when we started, 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, having delivered over 55 million sq. ft. and expanded across nine cities, with an ongoing developable area exceeding 34 million sq. ft. plus a land bank of over 32 million sq. ft., I feel this milestone validates the values of integrity, prudence, and commitment that have guided us all along.
Looking back, what were the turning points that truly defined Puravankara’s journey?
Several milestones stand out. We were pioneers in bringing foreign direct investment into Indian housing in 2005, which was a bold move at the time, requiring building immense institutional trust. Our IPO in 2007 was equally transformative as it ushered in a new level of governance and transparency, enabling us to function with stronger systems and accountability. Another crucial chapter was the launch of Provident Housing, our affordable housing arm, which reflects our commitment to social needs without compromising on quality standards. These steps cemented our reputation and helped us grow sustainably.
You often speak about trust, ethics, and transparency. How integral are these values to your business philosophy?
They are the foundation of everything we do. Buying a home is a lifetime investment for most people, so honesty and transparency are non-negotiable. We embedded these principles right from the start, including title clarity, timely delivery, and construction quality—long before these became regulatory requirements under RERA. In turbulent times—whether during financial crises or the pandemic—these values proved to be our strongest assets. They build goodwill and a lasting relationship with customers that no marketing can replace.
What were some of the most challenging periods in your five-decade journey, and what did you learn from them?
There have been multiple challenges: the Asian financial crisis of 1997, the global financial meltdown in 2008, and, more recently, the COVID-19 pandemic. Each tested our core business fundamentals. We learned the importance of maintaining a conservative balance sheet, focusing on cash flow rather than reckless scaling. Diversification across geographies, product segments, and pricing helped us mitigate risks. Most importantly, investing in people and efficient processes enabled adaptation and long-term resilience.
Ashish now leads the business. How do you view this transition, and what does the future hold for Puravankara?
The future looks bright. Ashish, along with a set of top professionals, has brought a dynamic, future-ready mindset embracing digitisation, customer centricity, and compliance rigour. All the functions are headed by top professionals who bring immense value loads in our processes. This has enhanced our work culture and customer satisfaction massively. The company is charting an ambitious growth trajectory with planned launches of around 15 million sq. ft. in the next 18 months and a gross development value (GDV) target of ₹18,000 crore. Our total investment pipeline exceeds ₹21,500 crore, spanning residential, plotted, and commercial projects. We are sharpening our market identity under the 'Purvavankara' brand to consolidate our leadership. The company today 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 and culturally aligned for sustainable growth. In Bengaluru, we recently inked 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 sq. ft. 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 GDV target for the next 18 months?
Puravankara aims to achieve a gross development value (GDV) of approximately ₹18,000 crore with planned launches of around 15 million square feet of projects over the next 18 months.
Which cities will Puravankara focus on for its expansion?
Puravankara will focus on nine cities, including redevelopment projects in Mumbai and new acquisitions in Bengaluru, as well as other emerging markets in western and southern India.
What are some of the key values that guide Puravankara's business philosophy?
Puravankara's business philosophy is guided by values of trust, ethics, and transparency. These principles are embedded in every aspect of their operations, from title clarity to timely delivery and construction quality.
How has Puravankara adapted to challenges over the past 50 years?
Puravankara has adapted to challenges by maintaining a conservative balance sheet, focusing on cash flow, and diversifying across geographies, product segments, and pricing. Investing in people and efficient processes has also been crucial for long-term resilience.
What is the significance of Puravankara's recent joint development agreement in East Bengaluru?
The joint development agreement (JDA) in East Bengaluru is significant as it has an estimated gross development value (GDV) exceeding ₹1,000 crore, adding to Puravankara's robust under-construction pipeline and strong presales momentum.
Related News Articles
Mark Zuckerberg's $65 Billion Empire: A Peek into His Life, Investments, and Philanthropy
A look into Mark Zuckerberg's life, from his $65 billion fortune to his investments in Italian sports cars, Hawaii real estate, and more.
Adani Realty Eyes Stake in Emaar India: A Strategic Move in Indian Real Estate Market
Gurgaon-headquartered Emaar India is a leading player in the country's commercial and residential real estate market. Adani Realty is in talks to pick up a stake in the company.
New Residential Project Launched by Provident Housing in Chennai
Provident Housing has unveiled a new residential project featuring 676 units spread over 5.35 acres on the bustling Kelambakkam-Vandalur Road in Chennai. This exciting development promises to bring modern living to a vibrant and growing area.
Joyville Shapoorji Pallonji Hosts its First-Ever Kids Marathon (Joy Run Junior) in Hadapsar
Speaking on the success of the event, Mr. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing Pvt. Ltd., said...
Housing Sales Surge in India's Top 15 Tier-II Cities by 20% in Value
Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.
CM Fadnavis Outlines Maharashtra's Vision for a $1 Trillion Economy and BMC Polls
Maharashtra's Chief Minister, Devendra Fadnavis, has set an ambitious goal for the state to become a $1 trillion economy. He also addressed the upcoming BMC polls, emphasizing the state's commitment to development and governance.