Puravankara Ltd, a leading real estate developer based in Bengaluru, has announced four major projects in Mumbai and Bengaluru, valued at ₹9,100 crore.
These projects, part of the company’s activities in the first half of FY26, cover over 6.36 million square feet and include a mix of redevelopment and joint development initiatives. The move highlights Puravankara’s focus on meeting the growing demand for high-quality homes in India’s top cities.
In Mumbai, Puravankara is diving into the luxury housing market with two redevelopment projects.
The first is in the prestigious Malabar Hill area of South Mumbai, valued at ₹2,700 crore. Spread across 1.43 acres, it will offer 0.7 million square feet of modern living spaces in a sought-after location known for its scenic views and exclusivity.
Key Highlights:
The second project, in Chembur, is worth ₹2,100 crore and involves redeveloping eight housing societies over 4 acres. This will create 1.2 million square feet of updated residences, blending modern design with community needs in a city where space is at a premium.
In Bengaluru, Puravankara is expanding with two joint development projects. A partnership with KVN Property Holdings LLP will develop a 24.59-acre site in the city’s North and East areas, delivering 3.48 million square feet with a value of over ₹3,300 crore. This project targets middle- and upper-income buyers in Bengaluru’s fast-growing suburbs. The second Bengaluru project, in Balegere, spans 5.5 acres and is valued at ₹1,000 crore. It focuses on smart land use and eco-friendly designs to appeal to modern homebuyers.
The company’s strong performance in H1 FY26 supports these ambitious plans. Puravankara reported pre-sales of ₹2,445 crore, up 4% from last year, with 2.75 million square feet sold. In Q2 alone, pre-sales reached ₹1,322 crore, and collections hit ₹1,047 crore. The average price per square foot rose 8% to ₹8,891. “We kept up our growth in Q2 FY26, adding 6.36 million square feet worth about ₹9,100 crore,” said Ashish Puravankara, Managing Director.
India’s economy is fueling this growth, with a 7.8% GDP increase in Q1 FY26 and a projected 6.8% for the year, according to the RBI. Housing demand grew 1% in Q3 2025, especially for homes priced between ₹1–2 crore, while property prices in cities like Bengaluru rose 5–17%. Puravankara’s new projects are well-timed to tap into this demand.
Also Read: Neil Nitin Mukesh, Nitin Mukesh acquire luxury Lower Parel home
As India’s cities face housing shortages, Puravankara’s latest ventures show its commitment to building sustainable, high-quality homes. These projects are set to reshape urban living in Mumbai and Bengaluru, offering modern residences that cater to today’s buyers. Homebuyers and investors are eager to see how these developments will transform the skyline in these vibrant cities.
We use cookies to ensure you get the best experience on our website. Read more...
Copyright © 2025 HomesIndiaMagazine. All Rights Reserved.
