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Puravankara Acquires Projects Worth ₹13,900 Cr GDV in 9MFY26, Q3FY26 Collections Up 22%
Puravankara Limited
January 14, 2026, 03:43 AM
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Puravankara Limited has announced significant portfolio expansion, adding over 12.76 million sq ft of developable area with an estimated Gross Development Value (GDV) of approximately ₹13,900 crores during the first nine months of fiscal year 2026 (9MFY26).
These strategic acquisitions and partnerships span key markets including Bengaluru and Mumbai. Notable developments include a 53.5-acre land parcel in Anekal Taluk, Bengaluru, with a GDV potential of ₹4,800 crores. The company also secured a redevelopment project at Malabar Hill, Mumbai, with a GDV of ₹2,700 crores, and a joint development in Balegere, East Bengaluru, with a GDV exceeding ₹1,000 crores. Additionally, Puravankara is set to redevelop eight residential societies in Chembur, Mumbai, unlocking over 1.2 million sq ft and an estimated GDV of ₹2,100 crores. A partnership in KIADB Hardware Park, North Bengaluru, involves a 24.59-acre land parcel with a potential GDV of over ₹3,300 crores.
In the third quarter of fiscal year 2026 (Q3FY26), Puravankara reported strong operational performance. Pre-sales increased by 17% year-on-year to ₹1,414 crores, while customer collections grew by 22% year-on-year to ₹1,140 crores. The average price realization saw a 12% year-on-year improvement. For the 9MFY26 period, sales value reached ₹3,859 crores, an 9% increase year-on-year, and collections stood at ₹3,045 crores, an 8% rise year-on-year.
The company also launched Purva Silversky in Bengaluru during Q3FY26, comprising 356 homes. In total, 9M FY26 saw the launch of 2.83 million sq ft of saleable area. Puravankara handed over 1.23 million sq ft, delivering 1,116 homes in Q3FY26, bringing the cumulative handover for 9MFY26 to 2.58 million sq ft (2,446 homes).
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