Puravankara plans 15 million sq. ft. of new launches over next year

Puravankara Ltd., the Bengaluru-based real estate developer, plans to launch around 15 million square feet of projects over the next 12 to 15 months, said Managing Director Ashish Puravankara. The company expects to achieve about 65% of this target by March 2026.

“In terms of the new launches that we've planned, it’s about 15 million square feet over the next 12 to 15 months,” Puravankara said. “About 65% of that we should be able to achieve by March itself.” He added that the company expects healthy contributions from these new projects, given its record of selling 70-80% of launched phases within the first two quarters.

For the second quarter of the financial year 2025-26 (Q2 FY26), the company achieved ₹1,322 crore in pre-sales, translating to 1.5 million square feet - about 4% higher year-on-year. Customer collections stood at ₹1,047 crore. For the half-year, Puravankara recorded pre-sales of ₹2,445 crore and customer collections of ₹1,906 crore. “All these pre-sales have come from ongoing sustenance projects. We still have to see the benefit from our new launches slated for quarter three and quarter four,” he said.



The company currently has 4.25 million sq. ft. in Mumbai under redevelopment, with a gross development value (GDV) of ₹10,500 crore. “We are actively pitching for at least six more projects as we speak,” Puravankara said, noting that the brand has been well received in western India.

During the first half of 2025-26, the developer secured four new projects - two in Bengaluru and two in Mumbai - with a total development area of 6.25 million sq. ft. and a GDV of ₹9,100 crore. The company follows a mixed strategy depending on location: society redevelopment within Mumbai city limits and outright land purchases on the outskirts such as Thane.

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On the financial side, Puravankara reported net debt of ₹2,845 crore at the end of quarter one of 2025-26, with a reduction of ₹128 crore. “I don’t see that number on the residential front going up significantly,” he said, adding that temporary increases could occur due to construction financing for 3 million sq. ft. of commercial projects in Bengaluru, which are expected to be completed by April 2026.

The company currently has 36 million sq. ft. under development, with ₹17,500 crore worth of projects opened for sale and ₹9,700 crore already pre-sold.

Puravankara Ltd. has a market capitalisation of ₹6,073.40 crore. Its shares have declined by more than 34% over the past year.

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