The 13.44-acre development has an estimated GDV of ₹5,200 crore and marks Puravankara’s maiden entry into the Delhi-NCR real estate market.
Bengaluru-based real estate developer Puravankara Limited has entered the Delhi-NCR market with the acquisition of a 13.44-acre land parcel in Greater Noida for ₹340 crore, marking a significant expansion of its geographical footprint.
The land has been secured through Puravankara’s wholly owned subsidiary, Prudential Housing and Infrastructure Development Limited, and represents the company’s largest land transaction in FY27 so far. ETRealty.com
₹5,200 Crore Development Potential
The Greater Noida parcel offers approximately 4.57 million sq ft of saleable development potential and carries an estimated Gross Development Value (GDV) of around ₹5,200 crore. The site is expected to be developed primarily as a premium high-rise residential project. ETRealty.com
The acquisition gives Puravankara its first major presence in one of India’s largest residential real estate markets. Until now, the Bengaluru-headquartered developer’s portfolio has largely been concentrated across markets in South and West India.
According to Managing Director Ashish Puravankara, the company had been evaluating opportunities in NCR before selecting Greater Noida for its market entry. He highlighted the area’s scale, infrastructure momentum and long-term demand as important factors behind the decision. ETRealty.com
Greater Noida Emerges as Strategic Growth Market
The land parcel is located within the DMIC Integrated Township in Greater Noida and was acquired through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited. The Economic Times
Greater Noida has been witnessing increased developer interest as infrastructure investment strengthens connectivity across the wider NCR region. The project is expected to benefit from connectivity through the Yamuna Expressway as well as proximity to the upcoming Noida International Airport at Jewar. Business Today
Puravankara’s move also comes amid growing competition for development opportunities in the region, with several major Indian real estate developers expanding their land pipelines across Greater Noida and the wider NCR market.
FY27 Development Pipeline Reaches ₹14,100 Crore
The Greater Noida acquisition significantly expands Puravankara’s development pipeline.
Including this transaction, the company’s FY27 business development activity across Delhi-NCR, Mumbai and Bengaluru now represents approximately 10.74 million sq ft of saleable area, with an estimated combined GDV of ₹14,100 crore. ETRealty.com
The NCR expansion follows Puravankara’s recent win of a redevelopment project in Goregaon West, Mumbai, which has an estimated GDV of approximately ₹2,600 crore. ETRealty.com
Rajat Rastogi, CEO-West & Commercial Assets at Puravankara, said the developer will continue evaluating opportunities across Delhi-NCR based on factors including development potential, returns and capital efficiency. ETRealty.com
A Major Step in Puravankara’s Expansion
The Greater Noida project represents more than a single land acquisition for Puravankara. It establishes the developer in Delhi-NCR and provides a sizeable platform from which it can potentially expand further across the region.
With 4.57 million sq ft of saleable potential and an estimated ₹5,200 crore GDV, the project is set to become a significant addition to Puravankara’s residential portfolio as the company broadens its presence beyond its established markets.
Source: ETRealty report, Puravankara and other published company disclosures.