Bengaluru-based Puravankara Ltd, a prominent name in the real estate sector, is setting its sights on strategic expansion into Delhi-NCR. Having established a strong presence in Mumbai and Pune, Puravankara now targets high-value regions like South Delhi and Gurugram’s Golf Course Road for its next phase of growth.
Puravankara’s target areas for expansion
Group CEO Abhishek Kapoor highlighted the company’s interest in entering South Delhi, viewing it as a significant market opportunity. “South Delhi is definitely an opportunity we are keen to pursue,” stated Kapoor during a recent Q2FY25 investors’ call. He added that Puravankara also targets a prime position in Gurugram, particularly along Golf Course Road and its extensions.
Unlike other developers eyeing the Dwarka Expressway, Bengaluru-based Puravankara is deliberately focusing on established and high-demand locations. “We are very clear that we won’t go on the Dwarka Expressway. Our focus remains on areas such as Golf Course Road, where we see a strong brand fit,” Kapoor explained.
Strategic phases for Puravankara’s growth
While Gurugram and South Delhi are immediate targets, Kapoor noted that Noida is under consideration for phase two. However, he emphasized that any Noida projects would center around the city’s core rather than the Yamuna Expressway. “Our entry into Noida, if it happens, will be focused on key areas of the city. Phase one remains centered on Gurugram and South Delhi acquisitions,” Kapoor said.
Bengaluru-based Puravankara’s past achievements
Recently, Puravankara announced securing redevelopment rights for Miami Apartments at Breach Candy in South Mumbai, showcasing its capability to tackle complex redevelopment projects. The company also shared its plans to redevelop four more societies in Andheri and has a joint development agreement for a 1.95-acre parcel in Bengaluru’s Electronics City, expanding its reach in its home city.
Puravankara’s strategic approach underscores its ambition to penetrate the Delhi-NCR market, leveraging its Bengaluru-based expertise to make calculated investments in high-potential areas.
