Puravankara Limited has secured the Real Estate Regulatory Authority (RERA) registration for its upcoming residential project, 'Miami By Purva', situated in Mumbai. The registration, effective June 18, 2026, authorizes the company to proceed with the launch of this project located at C S No. 6 & 7/697, Mumbai City, 400026, under registration number PR1170002600857. This regulatory approval is a mandatory requirement, ensuring transparency and adherence to defined timelines for homebuyers.

Project Overview

The 'Miami By Purva' project is classified as a residential development catering to the domestic market. This initiative reflects Puravankara's continued focus on expanding its residential portfolio within Mumbai. The RERA registration details are also available on the official Maharashtra RERA website, providing accessible information to prospective buyers.

Significance of RERA Registration

RERA registration is a critical step in the lifecycle of any real estate project in India. It mandates developers to adhere to defined timelines, financial disclosures, and quality standards. With this approval in place, Puravankara is positioned to formally launch and execute the 'Miami By Purva' project in compliance with applicable regulatory norms. The intimation was submitted to the exchanges in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations.

Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru's fast-developing airport corridor. The outright acquisition has a development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. This move reinforces the company's strategy of strengthening its presence across high-growth Bengaluru micro-markets through a balanced mix of outright purchases and capital-efficient partnerships.

Key Details of the Acquisition

The following table summarises the key parameters of the land acquisition:

Strategic Significance

The land parcel is located in the Devanahalli growth corridor, offering connectivity to Kempegowda International Airport and key employment hubs. The region benefits from the northward expansion of Bengaluru's technology, aerospace, logistics and commercial ecosystems, supported by infrastructure developments such as the Airport Metro, Satellite Town Ring Road, Aerospace Park and Airport City.

Ashish Puravankara, Managing Director, Puravankara Limited, stated that the acquisition reflects the company's conviction in the long-term potential of North Bengaluru. He emphasized the focus on securing high-quality land parcels in strategic corridors and building a strong development pipeline through disciplined capital allocation.

Mallanna Sasalu, CEO - South, Puravankara Limited, added that the project consolidates the company's presence in Bengaluru, its largest market. He noted that North Bengaluru is being shaped by employment-led growth and improving infrastructure, providing an opportunity to create a well-planned residential community.

This announcement follows recent acquisitions and joint development agreements across key Bengaluru micro-markets, including Hennur Road, Mandur, and Doddagubbi, further strengthening Puravankara's development pipeline.