NSEPress Release7h ago · 22 Sept 2026, 09:12 am
Press Release
Puravankara Limited · PURVA
✦ AI Summary▲ PositiveExpansion
Puravankara Limited has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited. The parcel has a saleable potential of ~4.57 million sq. ft. and an estimated Gross Development Value (GDV) of approximately Rs 5,200 crore.
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Full Announcement
Puravankara Limited has informed the Exchange regarding a press release dated September 22, 2026, titled ""Puravankara Enters Delhi-NCR, Secures 13.44-acre Land Parcel in Greater Noida with Rs 5,200 Crore GDV Potential"".
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Date: 22.09.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Press Release
Ref: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
A copy of the Press Release titled “Puravankara Enters Delhi-NCR, Secures 13.44-acre Land Parcel in Greater
Noida with Rs 5,200 Crore GDV Potential” is enclosed herewith and the contents are self‐explanatory.
This is for your information and records.
Thank you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
ICSI Membership No.: F11373
Encl: as above
Press Release
22 September 2026
Puravankara Enters Delhi-NCR, Secures 13.44-acre Land Parcel in Greater
Noida with Rs 5,200 Crore GDV Potential
Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real
estate developers, has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel
in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development
Limited. The parcel has a saleable potential of ~4.57 million sq. ft. and an estimated Gross Development Value
(GDV) of approximately Rs 5,200 crore. The entry into Delhi-NCR marks a significant step in Puravankara’s
strategy to expand into high-growth residential markets beyond Southern and Western India, leveraging its
strong brand and five-decade legacy of trust, quality and execution.
Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said,
“Our entry into Delhi-NCR marks an important new chapter in Puravankara’s growth journey. NCR is one of
India’s largest and most dynamic real estate markets, and we have been deliberate in identifying the right
opportunity to establish our presence here. Greater Noida offers the combination of scale, infrastructure
momentum and long-term demand that we look for when entering a new geography. With a ₹5,200 crore
development opportunity, this is a meaningful first step towards building a strong presence in NCR while
remaining disciplined in our approach to capital deployment and growth.”
The land parcel is located in Greater Noida. Planned as an integrated industrial and urban ecosystem, the
township benefits from access to key regional infrastructure, including the Yamuna Expressway. The
development of Noida International Airport at Jewar is also expected to further strengthen connectivity and
support economic and employment growth across the region.
Rajat Rastogi, CEO-West & Commercial Assets, Puravankara Limited, said, “Greater Noida presents
a compelling opportunity for Puravankara to establish its presence in NCR at a meaningful scale. The region
is seeing strong infrastructure-led growth, expanding economic activity and improving connectivity, creating a
favourable environment for long-term residential demand. We see this project as an opportunity to bring a
differentiated Puravankara offering to the market, backed by thoughtful design, quality and disciplined
execution.”
He further added, “As we build our presence in North India, we will continue to evaluate opportunities across
Delhi-NCR that meet our development, return and capital-efficiency criteria. Our focus will be on creating a
strong and sustainable pipeline while bringing the Puravankara experience to homebuyers in this market.”
The acquisition marks Puravankara’s maiden entry into Delhi-NCR and is its largest land transaction in FY27
so far. Including this acquisition, the company’s FY27 business development across Delhi-NCR, Mumbai and
Bengaluru spans approximately 10.74 million sq. ft. of saleable area and an estimated GDV of Rs 14,100 crore.
Puravankara 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.
The Delhi-NCR entry comes close on the heels of 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.
About Puravankara Limited
The Puravankara Group is one of India’s most trusted realty majors, headquartered in Bengaluru with a pan-
India presence. Over the past five decades, the company has been catering to the entire spectrum of housing
and plotted development needs. The group has also forayed into developing Grade A commercial real estate,
with a presence of approximately 3 msft, and is rapidly expanding its footprint. Additionally, the interior design
arm, Purva Streaks, caters to customers looking for an integrated interior design solution.
As of June 30, 2026, Puravankara has completed 97 projects totalling approximately 59 msft across nine cities:
Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company’s total
land bank is approximately 40 msft, and ongoing projects add up to 35.14 msft.
For more information, please contact:
Abhinav Kanchan 9741773269 abhinav.k@puravankara.com
Avinash Bhat 9986646059 avinash.bhat@puravankara.com
Nikunj Joshi 9901124273 nikunj.j@puravankara.com