Puravankara Plans 13M Sq Ft Housing Launch Across Cities

Puravankara Ltd, a Bengaluru-based listed real estate developer, plans to develop 12–13 million sq ft of residential projects across Bengaluru, Mumbai, Kochi, and Coimbatore.

 According to CEO-South Mallanna Sasalu, upcoming launches will mainly include high-rise apartments, gated communities, and smaller townships, with ticket sizes starting at Rs. 1.4–1.5 crore and going up to Rs. 11–13 crore for ultra-luxury homes.

Despite no new launches in FY26 so far due to regulatory delays in Bengaluru, the company recorded Rs. 3,859 crore in pre-sales in the first nine months.

Key Highlights

• Puravankara to launch 12–13M sq ft housing across four cities
• Rs. 13,000 crore launch pipeline despite earlier regulatory delays
• Luxury homes priced up to Rs. 13 crore; strong Mumbai redevelopment focus

This was largely driven by existing projects during the festive season. “In Bengaluru, the Rs. 1–2 crore bracket is now the sweet spot for residential demand, which has effectively become the premium segment. The new mid-segment is now in the Rs. 70 lakh– Rs. 1.2 crore range. High per-capita incomes and continued migration into the city continue to underpin housing demand,” Sasalu said.

Delays stemmed from khata and registration bottlenecks and administrative changes, including the formation of the Greater Bengaluru Authority after the scrapping of BBMP. While some linkage issues remain, approvals have improved over the past two quarters, supporting a gradual launch revival.

Puravankara expects a Rs. 13,000 crore launch pipeline this fiscal. Bengaluru will lead with 8 million sq ft, followed by Kochi (1.4M sq ft), Coimbatore (1.25M sq ft), and Mumbai (1M sq ft). Developments will typically include 800–1,200-unit gated communities. Average price realizations are set to rise as most projects exceed Rs. 11,000 per sq ft.

In Mumbai, Puravankara is pursuing redevelopment projects, with a 4.38M sq ft pipeline worth Rs. 10,500 crore+.

Also Read: Puravankara Buys 53.5 Acres in Bengaluru for Rs. 4,800 Cr GDV

Strategically, the Puravankara brand will sharpen its luxury focus, while Provident targets large townships priced around Rs. 7,500 per sq ft, with a new launch expected next year.