Puravankara plans 33 mn sq ft of home launches within 2.5 years, reviews home price hike amid rising input costs

Bengaluru-based real estate developer Puravankara plans to launch over 33 million sq ft of homes across western and southern India for an estimated revenue of ₹35,636 crore within 2-2.5 years, Ashish Puravankara, managing director of the company, told Hindustan Times Real Estate.Speaking at the sidelines of an event to mark the company's Golden Jubilee year in Bengaluru, Puravankara said that “About 25 million sq ft of homes will be in southern markets like Bengaluru, Hyderabad, Chennai, Kochi and about 8 million sq ft will be in western markets like Pune and Mumbai. The homes will be priced between ₹1.5-5 crore in Bengaluru and ₹3-40 crore in Mumbai." In total, the company has planned a pipeline that comprises nearly 51.14 million sq ft of developable area, with an estimated Gross Development Value (GDV) of over ₹55,000 crore, including projects already up for sale and projects about to be launched. “Over the past five decades, we have built Puravankara on a strong foundation of trust, transparency, and delivery excellence. As we enter our next phase of growth, we are poised for the next leap, backed by stronger capabilities, a professional and well-governed organisation, and a high-quality project pipeline across Mumbai and South India,” Puravankara sa