Puravankara Enters Greater Noida; Shares Rise 2.14%

Mumbai, September 22: Puravankara Limited has made its entry into the Delhi-NCR real estate market with a 13.44-acre land parcel in Greater Noida, a move that gives the developer an estimated Gross Development Value (GDV) potential of around ₹5,200 crore.

The land has been acquired through Puravankara Housing and Infrastructure Development Limited, the company’s wholly owned subsidiary. The transaction is also the company’s largest land acquisition in FY27 so far.

Puravankara Makes Its Delhi-NCR Entry With Greater Noida Project

As per the company’s exchange disclosure, the parcel has an estimated saleable area of around 4.57 million sq. ft. and will be developed as part of Puravankara’s expansion into the Delhi-NCR residential market.

The location in Greater Noida puts the project within a rapidly developing urban and industrial corridor. The company highlighted connectivity to the Yamuna Expressway and the upcoming Noida International Airport at Jewar as factors supporting the region’s long-term development potential.

For Puravankara, this is more than an addition to its land bank. It represents a move into a new geography after years of building its residential portfolio across markets such as Bengaluru, Chennai, Hyderabad, and Mumbai.

Stock Market Snapshot

The Puravankara share price stood at ₹219.55, up ₹4.61 or 2.14%, as of 9:35:15 AM IST on September 22, 2026, according to the market data shown.

The stock opened around ₹222 and initially moved lower, touching levels below ₹220 before recovering. By the latest available timestamp, the shares had settled around ₹219.55, keeping the stock firmly above the ₹215 reference level visible on the chart.

The move came as investors assessed the company’s latest expansion announcement and its proposed entry into the Delhi-NCR market.

₹5,200 Crore GDV Potential From Greater Noida

The Greater Noida parcel has an estimated GDV potential of approximately ₹5,200 crore, with around 4.57 million sq. ft. of saleable area.

Puravankara said the project is part of its strategy to expand into high-growth residential markets while maintaining a disciplined approach to development and capital deployment.

The company sees Greater Noida as a market supported by infrastructure development, improving connectivity and rising economic activity. Its management also pointed to the region’s position within the broader National Capital Region as an important factor behind the expansion.

Delhi-NCR Adds A New Market To Puravankara’s Growth Plans

The acquisition gives Puravankara a presence in a market where it previously did not have a development footprint.

Ashish Puravankara, Managing Director of Puravankara, described the transaction as an important step in the company’s growth journey, with the ₹5,200 crore development opportunity providing a route to establish a presence in NCR.

Rajat Rastogi, CEO-West & Commercial Assets, said the company plans to evaluate further opportunities in North India as it builds a pipeline in the region.

The company said the Greater Noida project will also allow it to bring its existing development capabilities and operating experience into a new market.

Puravankara’s Development Pipeline Continues To Expand

The Greater Noida acquisition comes as Puravankara continues to build its development pipeline across major Indian cities.

For FY27, the company said its development pipeline across Delhi-NCR, Mumbai and Bengaluru covers approximately 10.74 million sq. ft. of saleable area, with an estimated GDV of ₹14,100 crore.

As of June 30, 2026, Puravankara had completed 97 projects covering approximately 59 million sq. ft. across nine cities. Its total land bank stood at around 40 million sq. ft., while ongoing projects accounted for another 35.14 million sq. ft.

The company has also been pursuing redevelopment and other asset-light opportunities alongside outright land acquisitions.

Conclusion

Puravankara’s Greater Noida acquisition marks its first entry into Delhi-NCR and adds a 13.44-acre parcel with approximately 4.57 million sq. ft. of saleable area to its development pipeline.

With an estimated ₹5,200 crore GDV potential, the project gives the company a sizeable opportunity to establish its residential business in a new geography. The focus now will be on development and execution as Puravankara builds its presence in the NCR market.

Meanwhile, the Puravankara share price rose ₹4.61, or 2.14%, to ₹219.55 as of 9:35:15 AM IST on September 22, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/PURVA/Puravankara-Limited
• https://nsearchives.nseindia.com/corporate/PURVA_22092026091214_SEintimation.pdf