Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Puravankara Ltd, a Bengaluru-based real estate developer, has outlined plans to launch around 30 residential projects over the next 24-30 months, targeting an estimated revenue of INR 35,636 crore. The company currently has 26 ongoing projects with units worth INR 19,742 crore under sale. Its total inventory stands at INR 55,378 crore, covering both ongoing and upcoming developments. With a strong focus on branded housing demand, the firm expects steady growth supported by timely execution, customer demand across key Indian cities, and interest from non-resident buyers, particularly from Gulf regions.
Puravankara Ltd has indicated plans to expand its residential portfolio significantly over the coming years, with around 30 housing projects expected to be launched across South and West India. The company has projected an estimated revenue potential of INR 35,636 crore from these upcoming developments as it aims to benefit from sustained demand in the housing segment. Advertisement
Alongside future launches, the developer currently has 26 ongoing housing projects, where units worth INR 19,742 crore are available for sale. This ongoing pipeline continues to contribute to its overall business visibility and revenue generation.
Ashish Puravankara, while addressing the media in a recent interaction, conveyed that the company remains optimistic about housing demand, particularly for branded developers with a consistent track record of delivering projects on schedule. He highlighted that over the years, the company has built its operations on trust, transparency, and execution efficiency, and is now preparing for its next phase of growth with a stronger organisational structure and a diversified project pipeline across Mumbai and South India.
He further indicated that the company's strategy will continue to focus on developing differentiated housing products, strengthening its presence in key micro-markets, and creating long-term value for customers and stakeholders. He also noted that construction costs are expected to remain largely stable despite geopolitical developments in West Asia, and added that interest from non-resident Indians, especially from Gulf countries, has been observed in Indian residential properties.
Mallanna Sasalu shared that the company's total inventory currently stands at INR 55,378 crore, which includes both unsold units in ongoing projects and inventory from upcoming developments. He also confirmed that the company is planning to launch around 30 projects over the next 24-30 months, aligning with its broader expansion strategy.
He added that the estimated construction cost for developing the under-sale inventory and upcoming projects is expected to be around INR 18,000 crore, which would largely be financed through customer advances linked to sales. As of the end of the previous fiscal period, the company had completed 93 projects spanning 56 million sq ft across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
The company's land bank stands at 38 million sq ft, while its ongoing projects account for an additional 34 million sq ft. During the first nine months of the current fiscal period, its sales bookings rose by 9 per cent to INR 3,859 crore compared with INR 3,543 crore in the corresponding period of the previous year, indicating steady demand momentum.
Source PTI
FAQ
Q1: What are Puravankara Ltd's expansion plans?
Puravankara Ltd plans to launch around 30 residential projects over the next 24-30 months, focusing on South and West India as part of its broader growth and expansion strategy in the housing segment.
Q2: What is the estimated revenue outlook from these upcoming projects?
The company has projected an estimated revenue potential of INR 35,636 crore from these upcoming residential launches, reflecting its expectations from sustained housing demand and project execution over the coming years.
Q3: What is the current status of Puravankara's ongoing projects?
The company currently has 26 ongoing residential projects with units worth INR 19,742 crore available for sale, which continue to contribute to its revenue pipeline and overall business visibility.
Q4: What is the company's total inventory value?
Puravankara's total inventory stands at INR 55,378 crore, which includes both unsold units from ongoing projects and inventory from upcoming developments across its portfolio.
Q5: How many projects has the company completed so far?
The company has completed 93 projects covering about 56 million sq ft across nine cities, including Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Kochi, and others, demonstrating its established track record in multiple markets.
Q6: What is the company's land bank and project pipeline?
Puravankara has a land bank of around 38 million sq ft, while its ongoing projects account for an additional 34 million sq ft, providing strong visibility for future development and expansion.
Q7: What factors are supporting the company's growth outlook?
The company expects growth driven by demand for branded housing, steady customer interest, including from non-resident buyers especially from Gulf regions, stable construction costs, and its focus on timely execution and diversified project launches across key micro-markets.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
