Puravankara has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel in Greater Noida for ₹340 crore. The acquisition has been made through the company’s wholly-owned subsidiary, Prudential Housing and Infrastructure Development, and will provide a saleable potential of approximately 4.57 million sq ft. The project has an estimated gross development value (GDV) of about ₹5,200 crore.
The Greater Noida transaction marks Puravankara’s maiden entry into the Delhi-NCR market. According to the company, the acquisition is also its largest land transaction in FY27 so far. The company had been evaluating opportunities in the National Capital Region before selecting Greater Noida for its entry into the market.
4.57 Million Sq Ft Saleable Potential
The acquired land parcel spans 13.44 acres and has an estimated saleable area of approximately 4.57 million sq ft. The project’s estimated GDV stands at ₹5,200 crore, indicating the scale of the planned development in the Greater Noida market.
The acquisition adds a significant development opportunity to Puravankara’s business development pipeline. The company has been expanding its project portfolio across multiple major urban markets, and the Greater Noida entry adds Delhi-NCR to its development footprint.
Ashish Puravankara, managing director, said the company had been evaluating opportunities in NCR before selecting Greater Noida for its entry into the region. The decision follows the company’s assessment of development opportunities in the market.
Greater Noida Entry Expands Delhi-NCR Presence
Greater Noida has emerged as one of the key development locations within the wider Delhi-NCR region, with residential and commercial projects being developed alongside expanding infrastructure and connectivity. For Puravankara, the land acquisition provides an opportunity to establish a presence in the region through a large-scale development.
Rajat Rastogi, CEO-West & Commercial Assets, said the company would continue to evaluate opportunities across Delhi-NCR based on development potential, returns and capital efficiency. This indicates that the Greater Noida acquisition forms part of the company’s broader approach to evaluating development opportunities in the region.
FY27 Business Development Pipeline
Including the Greater Noida acquisition, Puravankara’s FY27 business development across Delhi-NCR, Mumbai and Bengaluru spans approximately 10.74 million sq ft of saleable area. The combined development potential across these markets is estimated at ₹14,100 crore in GDV.
The figures include the latest Greater Noida land acquisition as well as other business development activity undertaken by the company during the financial year. The 10.74 million sq ft pipeline represents opportunities across three major real estate markets, with the company continuing to assess additional projects based on their development potential and financial parameters.
The Greater Noida entry follows Puravankara’s recent ₹2,600 crore redevelopment project win in Goregaon West, Mumbai. The Mumbai project adds to the company’s activity in redevelopment, while the Greater Noida transaction expands its geographic presence into a new region.
Focus on Development Opportunities
The ₹340 crore land acquisition gives Puravankara access to a 13.44-acre development parcel with an estimated 4.57 million sq ft of saleable potential. With a projected GDV of ₹5,200 crore, the project represents a substantial addition to the company’s development pipeline.
The company’s entry into Delhi-NCR also comes as developers continue to evaluate opportunities in established and emerging urban markets. Puravankara’s stated approach is to assess opportunities based on development potential, returns and capital efficiency, according to Rajat Rastogi.
With the Greater Noida acquisition, Puravankara has added a new geographic market to its portfolio while expanding its FY27 business development pipeline across Delhi-NCR, Mumbai and Bengaluru. The company’s combined activity across these three markets now represents approximately 10.74 million sq ft of saleable area and an estimated GDV of ₹14,100 crore
