Puravankara adds seven H1 FY27 deals worth ₹14,100 crore

Puravankara Limited added seven land and redevelopment transactions in H1 FY27 with estimated gross development value, or GDV, of ₹14,100 crore and development potential of more than 10 million square feet. Puravankara’s largest disclosed deal was a 13.44-acre Greater Noida parcel with estimated GDV of ₹5,200 crore.

What did Puravankara add in H1 FY27?

Puravankara added seven strategic transactions across Bengaluru, Mumbai and Greater Noida in H1 FY27, with combined estimated GDV of ₹14,100 crore. The presentation cites more than 10 million square feet, or msf, of approximate development potential across the seven additions.

The additions use three structures: land parcels, joint developments and redevelopment rights. Mandur and Sanna Ammanikere in Bengaluru, along with Greater Noida, are described as acquired or secured land parcels; Doddagubbi, Sarjapur and South-East Bengaluru are joint developments; and Goregaon West involves redevelopment rights for three residential societies.

Puravankara said its focus is on high-growth residential corridors in Bengaluru, Mumbai and Greater Noida. The presentation does not disclose purchase consideration, launch dates, construction schedules or ownership shares for the three Bengaluru joint-development transactions, while the ₹14,100 crore figure is an estimate of GDV rather than reported sales.

Which markets make up Puravankara’s ₹14,100 crore GDV?

Bengaluru accounts for five of Puravankara’s seven H1 FY27 transactions and ₹6,300 crore of estimated GDV. Greater Noida is the largest single transaction at ₹5,200 crore, while the Goregaon West redevelopment project in Mumbai accounts for ₹2,600 crore.

The five Bengaluru transactions cover Mandur, Doddagubbi, Sanna Ammanikere, Sarjapur and South-East Bengaluru. Their disclosed site areas total 49.76 acres, while their stated development potential totals 5.12 msf, led by Mandur at 1.8 msf. This acreage comparison does not establish Puravankara’s economic share in the three joint developments.

Greater Noida’s ₹5,200 crore estimated GDV exceeds Bengaluru’s individual transactions despite the disclosed 13.44-acre parcel being smaller than Bengaluru’s combined 49.76 acres. Puravankara said the Greater Noida transaction marks its entry into Delhi-NCR, but did not disclose its development area, project configuration, launch status or regulatory milestones.

What are Puravankara’s seven H1 FY27 transactions?

Puravankara’s seven disclosed transactions range from about ₹800 crore of estimated GDV at Sanna Ammanikere to ₹5,200 crore at Greater Noida. The presentation gives individual development-area figures for six deals, totalling 6.17 msf, but does not provide a corresponding figure for Greater Noida.

Mandur is the largest Bengaluru addition by both estimated GDV and disclosed development potential, at ₹2,300 crore and 1.8 msf across 14.57 acres. Doddagubbi and South-East Bengaluru each have estimated GDV of more than ₹1,100 crore, with stated development potential of 0.74 msf and 0.89 msf respectively.

Sanna Ammanikere has the lowest stated GDV at about ₹800 crore, although its 0.89 msf of stated development potential is higher than Doddagubbi’s 0.74 msf. Sarjapur adds a 6.4-acre joint development with estimated GDV of more than ₹1,000 crore and stated potential of 0.8 msf.

How does Goregaon West fit Puravankara’s Mumbai redevelopment portfolio?

Puravankara’s Goregaon West transaction secures redevelopment rights for three residential societies in Bangur Nagar, with estimated GDV of ₹2,600 crore and about 1.05 msf of developable area. The site covers 4.68 acres and is the company’s only Mumbai deal in the seven H1 FY27 additions.

Goregaon West is part of a wider Mumbai redevelopment portfolio of seven projects with approximately 6.04 msf of developable area and 3.56 msf of saleable area attributable to Puravankara. The other disclosed projects are at Breach Candy, Pali Hill, Lokhandwala, Malabar Hill, Chembur and Cuffe Parade.

The seven redevelopment sites are at different approval stages. Miami at Breach Candy has received Real Estate Regulatory Authority, or RERA, approval; Deccan at Pali Hill has completed society vacation and has commencement-certificate permission underway; and Apna Ghar 3 at Lokhandwala and Goregaon West have memorandums of understanding signed with development agreements underway.

Malabar Hill, Chembur and Cuffe Parade have signed development agreements, according to the presentation. Puravankara also said it is pursuing further Mumbai redevelopment opportunities and is in advanced discussions with some societies, although no number of prospective projects or expected GDV was disclosed.

Conclusion

Puravankara’s H1 FY27 additions combine land parcels, joint developments and Mumbai redevelopment rights worth an estimated ₹14,100 crore of GDV. The ₹5,200 crore Greater Noida deal establishes the company’s disclosed Delhi-NCR entry, while five Bengaluru transactions contribute ₹6,300 crore and Goregaon West adds a ₹2,600 crore redevelopment project.

The next disclosures to watch are movement from agreements to development and regulatory milestones, particularly at the three Bengaluru joint developments and Goregaon West, where the development agreement is underway. Management’s stated plan is to target strategic parcels in high-growth residential corridors, while launch timing, capital commitments and Greater Noida development area remain undisclosed.