Puravankara Limited plans ₹55,000-crore pipeline, expands footprint in South India and Mumbai.

Puravankara Limited recently announced a pipeline of 30 projects to be launched over the next 24 months across South India and Mumbai, with a combined gross development value (GDV) exceeding ₹55,000 crore.

Investor sentiment turned positive following the announcement, with the company’s stock closing 5.55 per cent higher at ₹181.69 on the NSE after touching an intraday high of ₹187.

The planned developments will span nearly 51.14 million sq ft of area. The company said a significant portion of the projects are already in the approvals stage, while the remaining are in the design phase and expected to receive clearances shortly.

Managing Director Ashish Puravankara described the pipeline as the company’s “next leap”, citing improved organisational capabilities and confidence in India’s long-term housing demand. CEO – South, Mallanna Sasalu, added that the upcoming projects are being conceptualised as integrated communities rather than standalone developments.