
Business Update22 Sept 2026, 09:11 am
Puravankara Enters Delhi-NCR with ₹5200 Cr GDV Land Deal
AI Summary
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 subsidiary, Prudential Housing and Infrastructure Development Limited. The project 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 a high-growth market is a significant step in Puravankara's growth strategy. The company aims to leverage its brand and experience to develop a strong presence in the region, which benefits from improving infrastructure and economic activity, including the upcoming Noida International Airport.
Key Highlights
- Puravankara enters Delhi-NCR market with a 13.44-acre land parcel.
- Project has an estimated GDV of Rs 5,200 crore.
- Acquisition marks significant expansion into a high-growth residential market.
- Development benefits from key infrastructure like Yamuna Expressway.
- This is the company's largest land transaction in FY27 so far.
Price Impact
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