Puravankara Limited has signed a Joint Development Agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore. The residential apartment project will feature a developable area of approximately 0.74 million square feet. This strategic acquisition in a rapidly evolving corridor underscores the company's focus on capital-efficient expansion in high-demand urban markets.

Land Acquisition Details

The following table summarises the key parameters of the newly signed land agreement:

Doddagubbi enjoys strategic access to key areas such as Hennur, Hebbal, Yelahanka, Manyata Tech Park, and Kempegowda International Airport. The micro-market is supported by robust social and civic infrastructure, including reputed educational institutions and healthcare facilities, along with strong connectivity via NH-44.

FY26 Sales Performance

Puravankara reported its highest-ever annual sales of ₹7,407 crore in FY26, representing a 55% year-over-year growth. This performance was driven by sustained demand for well-located, high-quality residential offerings in key micro-markets.

Ashish Puravankara, Managing Director, Puravankara Limited, highlighted that FY26 was a landmark year with a strengthened development pipeline across Bengaluru and Mumbai. The company has set a sales guidance of ₹11,200 crore for FY27.

Key Highlights

• Land Agreement: JDA signed for 11.23-acre site in Doddagubbi, North Bengaluru
• Potential GDV: Project estimated at ₹1,100 crore
• Developable Area: Approximately 0.74 million square feet
• FY26 Sales: ₹7,407 crore, up 55% year-over-year
• Bengaluru Pipeline: Represents over ₹13,800 crore of GDV

Mallanna Sasalu, CEO - South, Puravankara Limited, noted that Bengaluru remains the company's largest market. Recent additions, including Purva Silversky and Purva Northern Lights, have strengthened the city's pipeline to over ₹13,800 crore of GDV.

Puravankara Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported a significant turnaround in profitability, with consolidated Profit After Tax (PAT) for FY26 rising 131% year-on-year to ₹58 crore. This performance was underpinned by the highest-ever annual sales of ₹7,407 crore, a 55% increase from ₹4,783 crore in FY25. The Board has set a pre-sales guidance of ₹11,200 crore for FY27.

Operational Highlights

The company achieved robust operational metrics during the year. Sales volume for FY26 stood at 7.25 million square feet (msft), compared to 5.67 msft in the previous year. Average realisation increased by 21% year-on-year to ₹10,213 per square foot. Customer collections for the year rose 15% to ₹4,258 crore. For the quarter ended March 31, 2026, sales value reached ₹3,547 crore, the highest-ever in any quarter, with sales volume of 3.01 msft.

Strategic Expansion

Puravankara strengthened its development pipeline through strategic acquisitions and joint development agreements, adding a cumulative estimated Gross Development Value (GDV) of approximately ₹15,200 crore. Key transactions included entering the premium Mumbai redevelopment market with projects in Malabar Hill and Chembur, and securing land parcels in Bengaluru. The company launched 6.39 msft of new area during the year and completed 4.53 msft, handing over 3,747 units.

Financial Position

As of March 31, 2026, the company's net debt stood at ₹2,321 crore, a reduction of ₹160 crore in Q4 FY26. The net debt-to-equity ratio was reported at 1.31. The total estimated surplus from ongoing projects, commercial projects, and the launch pipeline stands at ₹19,290 crore projected over the next 3-5 years. The company also holds 2.53 million square feet of completed properties pending revenue recognition, expected to drive future revenue growth.

FY27 Guidance and Outlook

Management has outlined detailed guidance for FY27, with pre-sales of approximately ₹11,200 crore targeted for the year. Of this, 48% is expected from sustenance sales and 52% from new project launches. On a regional basis, ₹7,000 crore of the total projected sales are expected from the Southern market, with the remaining contribution from the West and Commercial Business segments. The following table summarises the key FY27 guidance parameters:

A debt reduction of approximately ₹750 crore is targeted for FY27, excluding incremental borrowing for strategic business development opportunities. Management noted that the overall outlook for the real estate sector remains positive, driven by strong macroeconomic fundamentals, improving infrastructure, favorable demographics, and continued institutional participation. The company is also exploring growth verticals including data centers, warehousing, and retail, and remains open to opportunities in senior housing within large townships.