Puravankara expands portfolio with significant H1 FY26 acquisitions

Puravankara Limited announced a significant expansion of its portfolio in H1 FY26, adding over 6.36 million square feet of developable area with an estimated Gross Development Value (GDV) of approximately Rs 9,100 crores. This includes marquee acquisitions in Mumbai and Bengaluru, such as Malabar Hill and Chembur redevelopment projects, and large-scale partnerships in North and East Bengaluru, including a 24.59-acre land parcel in KIADB Hardware Park with a potential GDV of over Rs 3,300 crores.

The company reported strong financial performance for Q2 FY26, with pre-sales rising 4% year-on-year to Rs 1,322 crores, and customer collections increasing 8% year-on-year to Rs 1,047 crores. H1 FY26 pre-sales reached Rs 2,445 crores, a 4% increase over H1 FY25, and average realization improved by 7% year-on-year in Q2 FY26 to Rs 8,814/sft.

Puravankara is well-positioned to benefit from current real estate tailwinds, as India's macro picture shows renewed strength with Q1 FY26 real GDP climbing ~7.8% year-on-year. The RBI has also raised its FY26 growth projection to 6.8%, indicating confidence in domestic demand.