Puravankara enters Delhi-NCR, secures 13.44-acre land parcel in Greater Noida
Puravankara Limited has acquired a 13.44-acre land parcel in Greater Noida, Delhi-NCR, with an estimated GDV of Rs 5,200 crore. This marks the company's entry into the Delhi-NCR market and is its largest land transaction in FY27. The acquisition contributes to a total FY27 business development of 10.74 million sq. ft. and Rs 14,100 crore GDV across key markets.
Entering the large Delhi-NCR market with a significant land acquisition is a major strategic move that is expected to have a substantial impact on the company's growth and market presence.
The company's expansion into a major new market like Delhi-NCR with a significant land parcel and substantial GDV potential is a positive development.
Puravankara Limited has announced its entry into the Delhi-NCR real estate market by acquiring a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited. This parcel has a saleable area of approximately 4.57 million sq. ft. and an estimated Gross Development Value (GDV) of Rs 5,200 crore.
This strategic expansion into Delhi-NCR, a high-growth residential market, aligns with Puravankara's objective to broaden its presence beyond Southern and Western India. The company highlighted that Greater Noida offers the necessary scale, infrastructure development, and long-term demand potential. The land parcel is situated to benefit from key regional infrastructure, including the Yamuna Expressway, and is expected to be further boosted by the development of Noida International Airport at Jewar.
This acquisition marks Puravankara's largest land transaction in FY27 to date. The company's FY27 business development across Delhi-NCR, Mumbai, and Bengaluru now encompasses approximately 10.74 million sq. ft. of saleable area with an estimated GDV of Rs 14,100 crore. Puravankara continues to explore opportunities through outright acquisitions, joint development agreements, and other capital-efficient structures to expand its development pipeline and selectively enter new growth geographies.
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Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.