Puravankara plans to launch over 12 million square foot this year, Group CEO Abhishek Kapoor said adding that while the first half of the year saw limited launches, it has multiple launches scheduled, starting from the January-March 2025 quarter (Q4 FY25).
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The company recently acquired assets with a gross development value (GDV) worth nearly ₹10,700 crore and expects to launch over six million square feet of projects in the next six to nine months, which will boost sales in the next financial year.
It has also
acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. The saleable area of the project will be around 5.42 lakh sq ft, with a potential GDV of over ₹700 crore.
“We are very excited with this acquisition because this is very close to the metro station, very prime location, and the project that has been planned, has come out beautifully, and it will be one of the most luxurious projects in that market,” he said.
The company aims to bring this project to market within the next six to nine months.
The company, which has a market capitalisation of ₹8,512 crore, has seen its shares rise 53% over the last year.
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