Puravankara Limited, a prominent real estate developer, has unveiled ambitious plans for its land bank strategy and project launches in Bangalore. The company has outlined a new approach to land acquisition while also planning significant developments in the city.

Land Bank Replenishment Strategy

Puravankara has adopted a strategic approach to replenish its land bank:

• The company aims to acquire land equivalent to its yearly sales volume of 5-7 billion square feet
• This strategy aligns land acquisition directly with actual sales performance
• The focus is on replenishment based on sales rather than targeting specific acquisition figures

Expansion Plans in Bangalore

In addition to its land bank strategy, Puravankara has announced extensive project launches in Bangalore:

• A total of 12.32 million square feet of new launches planned
• 9.22 million square feet dedicated to entirely new projects
• 3.1 million square feet allocated for new phases of existing developments

Challenges and Adjustments

While Puravankara has set forth these extensive launch plans, the company acknowledges that some delays have occurred. These setbacks are primarily attributed to recent changes in bylaws affecting the real estate sector in Bangalore. Despite these challenges, the company appears committed to moving forward with its project pipeline.

Market Implications

This significant expansion plan by Puravankara signals a strong commitment to the Bangalore real estate market. The mix of new projects and extensions to existing developments suggests a balanced approach to growth, potentially catering to various segments of homebuyers and investors.

The scale of these planned launches—over 12 million square feet—is substantial and could have notable impacts on the local real estate landscape. It may influence supply dynamics in Bangalore's property market and potentially affect pricing and competition.

Looking Ahead

As Puravankara navigates the regulatory changes and works towards launching these projects, stakeholders will be keenly watching how the company executes its plans. The success of these launches and the implementation of the new land bank strategy could significantly influence the company's financial performance and market position.

Investors and potential homebuyers may want to keep an eye on further announcements from Puravankara regarding specific project details, timelines, and any updates on how the company is addressing the bylaw-related delays and implementing its land acquisition strategy.

Puravankara Limited , a leading real estate developer, has announced its financial results for the first quarter of fiscal year 2026 (Q1 FY26), ending June 30, 2025. The company reported a consolidated revenue of ₹539 crore and a net loss of ₹69 crore for the quarter.

Key Financial Highlights

Operational Performance

• Sales value increased by 6% year-on-year to ₹1,124 crore
• Sales volume was 1.25 million square feet
• Average realization improved by 9% to ₹8,988 per square foot
• Customer collections stood at ₹857 crore

Business Development and Expansion

Puravankara has made significant strides in expanding its project portfolio:

• Selected as the preferred developer for eight redevelopment housing societies in Chembur, Mumbai, with a Gross Development Value (GDV) of over ₹2,100 crore
• Entered into a joint venture for a 24.59-acre land parcel near Bengaluru International Airport, with a GDV of over ₹3,300 crore
• Signed a Joint Development Agreement for a 5.5-acre parcel in Balegere, East Bengaluru, with a GDV of over ₹1,000 crore

Debt Management

Management Commentary

Ashish Puravankara, Managing Director of Puravankara Limited, stated, "This year marks our Golden Jubilee, and we are proud of the trust our customers have placed in us as well as the milestones we have achieved on this journey. In this quarter, we delivered a strong performance, with a 6% year-on-year increase in pre-sales, supported by healthy customer interest in our ongoing projects."

He added, "Our recent land acquisitions with an aggregate GDV potential of ₹6,400 crores have further strengthened our growth pipeline. These additions diversify our portfolio and position us strongly for sustained growth."

Project Delivery and Future Outlook

• The company handed over 667 units, spanning 0.68 million square feet, in Q1 FY26
• Puravankara has completed 3.65 million square feet of inventory (3,015 units) for which Occupancy Certificates have been obtained
• The company plans to launch 12.32 million square feet of new projects in the coming quarters

Puravankara remains optimistic about the real estate sector's growth potential, supported by sustained end-user demand, improved affordability, and a favorable policy environment. The company is well-positioned to capture emerging opportunities across key micro-markets with its diversified project portfolio and strong land bank.