Puravankara Limited has entered the Delhi-NCR real estate market by securing a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited.

The acquisition, dated September 22, 2026, represents the company's maiden foray into the region and its largest land transaction in FY27 so far. The parcel offers a saleable potential of approximately 4.57 million sq. ft. with an estimated Gross Development Value (GDV) of ₹5,200 crore. At the time of the announcement, Puravankara's market capitalisation stood at ₹5,100 crore.

Strategic Expansion

The move aligns with Puravankara's strategy to expand into high-growth residential markets beyond Southern and Western India. Ashish Puravankara, Managing Director, stated that NCR is one of India's largest and most dynamic real estate markets. He noted that Greater Noida offers scale, infrastructure momentum, and long-term demand.

Rajat Rastogi, CEO-West & Commercial Assets, highlighted the region's infrastructure-led growth and improving connectivity. He emphasized that the project allows Puravankara to establish a presence at a meaningful scale while maintaining disciplined capital deployment.

Pipeline Growth

Including this acquisition, Puravankara's FY27 business development across Delhi-NCR, Mumbai, and Bengaluru spans approximately 10.74 million sq. ft. of saleable area. The total estimated GDV for these developments stands at ₹14,100 crore.

This follows a recent ₹2,600 crore redevelopment win in Goregaon West, Mumbai, underscoring continued momentum in expanding the development pipeline across key markets.

What the Numbers Show

The Greater Noida parcel constitutes approximately 37% of the total estimated GDV across Puravankara's active FY27 development pipeline in Delhi-NCR, Mumbai, and Bengaluru. This concentration highlights the strategic weight of the new geography relative to existing operations in established southern and western markets.

Location Advantages

The land parcel is located in an integrated industrial and urban ecosystem in Greater Noida. The township benefits from access to key regional infrastructure, including the Yamuna Expressway. The development of Noida International Airport at Jewar is expected to further strengthen connectivity and support economic growth across the region.

Puravankara continues to pursue a mix of outright acquisitions, joint development agreements, and other capital-efficient structures to strengthen its pipeline. As of June 30, 2026, the company has completed 97 projects totalling approximately 59 msft across nine cities.

Puravankara Limited has launched Phase 6 of its Provident Equinox residential project in Bengaluru. The launch took place on September 20, 2026.

The project is being developed by Provident Housing Limited, a co-subsidiary of Puravankara. The new phase, titled Provident Equinox 6, is located at Venkatapura Village in Kengeri Hobli, Bangalore South Taluk. It caters exclusively to the domestic market.

Project Details

The development is registered with the Karnataka Real Estate Regulatory Authority. The registration number is PRM/KA/RERA/1251/310/PR/180926/008948. Details are available on the official RERA website.

This disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations. The company secretary, Sudip Chatterjee, signed the intimation on September 19, 2026.