Key Transaction Details
Puravankara Limited, through its wholly-owned subsidiary Prudential Housing and Infrastructure Development Limited, has been allotted a 13.44-acre land parcel in Greater Noida, Delhi-NCR. The land parcel has a saleable potential of approximately 4.57 million square feet and an estimated Gross Development Value (GDV) of approximately Rs 5,200 crore.
Strategic Significance
This acquisition marks Puravankara's maiden entry into the Delhi-NCR market and represents the company's largest land transaction in FY27 so far. The move is part of the company's strategy to expand into high-growth residential markets beyond Southern and Western India.
Location and Infrastructure Context
The land parcel is located in Greater Noida, which is planned as an integrated industrial and urban ecosystem. The location benefits from access to key regional infrastructure including the Yamuna Expressway. The development of Noida International Airport at Jewar is expected to further strengthen connectivity and support economic and employment growth in the region.
Management Commentary
Ashish Puravankara, Managing Director, stated that NCR is one of India's largest and most dynamic real estate markets, and the company has been deliberate in identifying the right opportunity. Greater Noida offers scale, infrastructure momentum, and long-term demand that aligns with their geographic expansion criteria.
Rajat Rastogi, CEO-West & Commercial Assets, noted that Greater Noida presents a compelling opportunity with strong infrastructure-led growth, expanding economic activity, and improving connectivity. The company plans to bring a differentiated Puravankara offering to the market backed by thoughtful design, quality, and disciplined execution.
FY27 Business Development Context
Including this acquisition, Puravankara's FY27 business development across Delhi-NCR, Mumbai, and Bengaluru spans approximately 10.74 million square feet of saleable area with an estimated GDV of Rs 14,100 crore.
Growth Strategy
The company continues to pursue a mix of outright acquisitions, joint development agreements, and other capital-efficient structures to strengthen its development pipeline across established markets while selectively expanding into new growth geographies.
Recent Developments
This Delhi-NCR entry follows closely after Puravankara's Rs 2,600 crore redevelopment win in Goregaon West, Mumbai, underscoring the company's continued momentum in expanding its development pipeline across key markets.
Company Background
As of June 30, 2026, Puravankara has completed 97 projects totaling approximately 59 million square feet across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is approximately 40 million square feet, with ongoing projects totaling 35.14 million square feet.