Puravankara enters Delhi-NCR with 13.44-acre Greater Noida land parcel

Puravankara has entered the Delhi-NCR market with a 13.44-acre land parcel in Greater Noida, its largest land transaction in FY27 so far. The site has a saleable potential of about 4.57 million sq ft and an estimated gross development value of ₹5,200 crore.

Puravankara has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development. The acquisition marks the company's maiden entry into Delhi-NCR and is its largest land transaction in FY27 so far.

The land parcel has a saleable potential of approximately 4.57 million sq ft and an estimated gross development value of about ₹5,200 crore. Including this acquisition, the company's FY27 business development across Delhi-NCR, Mumbai and Bengaluru spans approximately 10.74 million sq ft of saleable area with an estimated GDV of ₹14,100 crore.

Ashish Puravankara, managing director, said the company had been evaluating opportunities in NCR before selecting Greater Noida for its entry into the market. Rajat Rastogi, CEO-West & Commercial Assets, said the company will continue to evaluate opportunities across Delhi-NCR based on development potential, returns and capital efficiency.

The Delhi-NCR entry follows the company's recent ₹2,600 crore redevelopment project win in Goregaon West, Mumbai.