Puravankara enters Delhi-NCR with ₹5,200 crore site acquisition
Puravankara has entered the Delhi-NCR market with a 13.44-acre land acquisition in Greater Noida valued at ₹5,200 crore. This marks its largest land transaction in FY27 and aligns closely with its market capitalization of ₹5,100 crore.
after close1 source ↓written by the desknot a recommendation
- land parcel
- 13.44-acre
- of saleable area
- 4.57 million square feet
- capitalization
- ₹5,100 crore
Puravankara has entered the Delhi-NCR market by acquiring a 13.44-acre land parcel in Greater Noida, with a Gross Development Value (GDV) of ₹5,200 crore. This development will provide approximately 4.57 million square feet of saleable area, executed through its subsidiary, Prudential Housing.
This acquisition marks Puravankara's largest land transaction in FY27, closely aligning with its market capitalization of around ₹5,100 crore. The move is expected to enhance the company's presence in a high-growth region, potentially boosting investor sentiment.
Not investment advice. For informational purposes only.