Bengaluru, March 25 Puravankara Ltd, a real estate firm, announced on Wednesday that it will launch around 30 housing projects, primarily in South and West India, over the next two and a half years, with an estimated revenue of ₹35,636 crore. This move is aimed at capitalizing on the rising demand for residential properties.
In addition, the company has approximately 26 ongoing housing projects with units worth ₹19,742 crore currently for sale.
At a press conference, Ashish Puravankara, Managing Director of Puravankara Ltd, stated that the company is optimistic about the housing market, particularly for large, established developers with a proven track record of completing projects on time.
"Over the past five decades, we have built Puravankara on a foundation of trust, transparency, and excellent delivery. As we enter our next phase of growth, we are well-positioned for further success, supported by stronger capabilities, a professional and well-governed organization, and a robust project pipeline across Mumbai and South India," he said.
Ashish emphasized that the focus will remain on creating differentiated products, strengthening presence in key micro-markets, and delivering long-term value to customers and stakeholders.
He also mentioned that the construction costs are not expected to rise significantly due to the ongoing conflict in West Asia and that Non-Resident Indians (NRIs) from Gulf countries are showing interest in purchasing properties in India.
Mallanna Sasalu, CEO - South, Puravankara Ltd, stated that the company has a total inventory of ₹55,378 crore, which includes homes currently for sale in existing projects, as well as upcoming projects.
"We plan to launch around 30 projects over the next 24-30 months with an estimated revenue of ₹35,636 crore," he added.
Sasalu further stated that the total construction cost to develop these under-sale inventories and upcoming projects will be around ₹18,000 crore, and this will largely be funded through customer advances against sales.
As of December 31, 2025, Puravankara has completed 93 projects spanning 56 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
The company's total land bank is 38 million sq ft, and ongoing projects add up to 34 million sq ft.
During the first nine months of this fiscal, the company's sales bookings or pre-sales increased by 9% to ₹3,859 crore from ₹3,543 crore in the corresponding period of the previous year.