Puravankara enters Delhi-NCR market with Greater Noida land acquisition

Puravankara Limited has entered the Delhi-NCR real estate market through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited. The company secured a 13.44-acre land parcel in Greater Noida, which is intended for the development of premium high-rise residential housing.

The land parcel has a saleable potential of approximately 4.57 million square feet and an estimated Gross Development Value (GDV) of roughly Rs 5,200 crore. The acquisition, reportedly costing around Rs 340 crore, marks the company’s first major expansion into Northern India, moving beyond its traditional strongholds in the southern and western regions.

The project is strategically located near the Yamuna Expressway and is expected to benefit from the upcoming Noida International Airport at Jewar. This move follows Puravankara’s recent acquisition of a Rs 2,600 crore redevelopment project in Mumbai, contributing to a significant increase in the company’s business development activity for FY27.