Puravankara shares jump 8% as company unveils ₹55,000 crore project pipeline
Published on 25/03/2026 02:46 PM
Puravankara shares jump 8% as company unveils ₹55,000 crore project pipelinePuravankara shares rise over 8% after company unveils 30 projects across South India and Mumbai with GDV exceeding ₹55,000 crore over 24 months, signalling a strong expansion pipeline.By Sheersh Kapoor March 25, 2026, 2:46:39 PM IST (Updated)2 Min ReadPuravankara Limited shares surged over 8% in intraday trade on Wednesday after the company announced an ambitious expansion pipeline, outlining plans to launch 30 projects across South India and Mumbai over the next 24 months.
The proposed developments, spanning 51.14 million sq ft of developable area, carry an estimated gross development value (GDV) of over ₹55,000 crore, marking a step-up in the company’s growth trajectory. A significant portion of these projects is already at the approval stage, while the rest are in the design phase, with approvals expected to be initiated shortly.
The company said the expansion is aligned with its focus on high-quality developments in key urban markets, backed by strong launch inventory and disciplined capital allocation. As of 9M FY26, Puravankara reported pre-sales of ₹3,859 crore and collections of ₹3,045 crore, reflecting steady demand and operational momentum.
Managing Director Ashish Puravankara said the pipeline reflects confidence in India’s structural housing demand and the opportunities emerging across urban centres, while CEO (South) Mallanna Sasalu highlighted execution readiness and a focus on integrated community developments.
The company added that the scale of the pipeline is expected to generate around 8 million man-days of direct employment annually and support a wide ecosystem of ancillary industries. It also reiterated its sustainability commitments, including a pledge to plant 1 million trees by 2030.
Following the announcement, shares of Puravankara were trading at ₹187, up over 8%, on the NSE as of 2:29 PM.Continue ReadingFirst Published: Mar 25, 2026 2:45 PM ISTTagspurvankaraReal EstateReal Estate Stocksshare market today