Overview
- Puravankara, which on Wednesday detailed its Golden Jubilee plans, outlined a 51.14 million sq ft pipeline worth over ₹55,000 crore and 30 projects to be unveiled in 24 months.
- The developer targets ₹35,636 crore from 33 million sq ft of new housing launches in the next 2–2.5 years, with roughly 25 million sq ft in southern cities and 8 million sq ft in Mumbai and Pune.
- Its first Mumbai redevelopment, Purva Estrella in Andheri West, recorded more than ₹800 crore in launch sales with about 85% of Phase 1 inventory sold.
- The company is reviewing home prices as input costs rise during US–Iran tensions, saying developers can usually absorb 5–6% cost increases before passing them on.
- Interest from Gulf-based NRIs has risen about 60% at its Middle East offices, and 9MFY26 pre-sales of ₹3,859 crore with collections of ₹3,045 crore point to steady demand.