Puravankara Plans Over ₹7,000 Crore Investment as Housing Demand Strengthens Across Key Markets

Puravankara, one of India’s established real estate developers, is gearing up for a major expansion phase with an investment plan exceeding ₹7,000 crore over the next few years. The Bengaluru-based company expects these upcoming launches to generate nearly ₹15,000 crore in sales, signalling a strong growth outlook driven by steady end-user demand and improving market sentiment in major metros.

According to Mallanna Sasalu, CEO – South, Puravankara continues to witness firm traction across the southern region, particularly in Bengaluru, Chennai, and Hyderabad. These cities have consistently led the company’s performance, supported by rising mid-income and premium housing demand. Sasalu added that interest in western markets such as Mumbai and Pune has also grown significantly, encouraging Puravankara to deepen its presence in these high-value regions.

At present, Puravankara earns quarterly revenues of around ₹1,200–1,300 crore from its ongoing residential projects. However, the upcoming pipeline is expected to substantially scale up the topline in FY26 and beyond. The company plans to launch new developments across its three core brands: Puravankara for premium homes, Provident for affordable housing, and Purva Land for plotted developments. Together, these launches span 12–14 million square feet across Bengaluru, Kochi, and Coimbatore, strengthening the company’s footprint in both mature and emerging markets.

Sasalu emphasized that the strategic rollout is aligned with the robust appetite for housing among genuine homebuyers, supported by stable affordability levels. The leadership expects Puravankara’s solid 28–30 per cent gross margin performance to continue, backed by disciplined project execution and strong demand visibility.

While Bengaluru contributes around 50 per cent of Puravankara’s current portfolio, the company is increasingly betting on Mumbai and Pune. Despite smaller project sizes, the higher price realization in these markets — often between ₹75,000 and ₹1.5 lakh per sq ft — provides strong revenue potential. Over the next three to five years, Puravankara expects western India to meaningfully increase its share, possibly reaching up to 40 per cent of overall sales.

With 93 completed projects covering 55 million sq ft and a land bank of 32 million sq ft, Puravankara is positioning itself for a decisive growth phase driven by a balanced mix of premium, affordable, and plotted housing offerings.