Puravankara Ltd, a Bengaluru-based listed real estate developer, plans to launch and develop new residential projects spanning around 12-13 million sq ft across Bengaluru, Mumbai, Kochi, and Coimbatore. 

Mallanna Sasalu, CEO of Puravankara Ltd, said that the ticket sizes are expected to be around ₹1.4-1.5 crore and reach around ₹11-13 crore for ultra-luxury residences.

The launches will majorly consist of gated communities, high-rise apartments and smaller townships. Sasalu said that the ₹1-2 crore segment in Bengaluru has effectively become the premium one because of the most sought-after residential demand among homebuyers.

On the other hand, the new mid-segment is now in the price range of ₹70 lakh to ₹1.2 crore. Because of the continued migration into the city and high individual earnings, it sustains the demand for housing.

Puravankara plans to introduce a launch pipeline of approximately ₹13,000 crore to market during the current financial year, with approvals currently underway. The upcoming launches will primarily comprise high-rise apartment developments and gated communities, featuring 800-1,200 residences. The company is planning to develop around 12-13 million sq ft of new, luxury residential projects.

• Bengaluru - development of around 8 million sq ft
• Kochi - development of around 1.4 million sq ft
• Coimbatore - development of around 1.25 million sq ft
• Mumbai - development of around 1 million sq ft

Puravankara is aiming to build marquee projects in Mumbai, mainly through redevelopment projects. The company has five projects in the redevelopment pipeline, totaling approximately 4.38 million sq ft with a potential value of over ₹10,500 crore. The company expects one of its two initially planned projects to launch before the current calendar year is over.

The company projects a rise in average property prices this year, driven by the fact that most new developments are set above the ₹11,000 per sq ft price point. The overall ticket size for an average property is around ₹1.4 crore, whereas it is expected to start from ₹10-11 crore and above for the ultra-luxury homes in Mumbai and Bengaluru.

The company has recorded around ₹3,859 crore during the first nine months of FY26 in pre-sales due to the existing projects in the festive season and without launching any fresh project because of the regulatory delays, Sasalu said.

Sasalu further added that the company will strategically enhance the premium positioning of the Puravankara brand. Simultaneously, the Provident brand will target the outskirts with large townships and projects priced around ₹7,500 per sq ft. Additionally, a new Provident launch is anticipated next year.