The developer’s wholly owned subsidiary acquired 13.44 acres in Greater Noida for ₹340 crore, with saleable potential of about 4.57 million sq ft and an estimated GDV of ₹5,200 crore — marking Puravankara’s maiden entry into the Delhi-NCR market.
Puravankara bought a 13.44-acre land parcel in Greater Noida through Prudential Housing and Infrastructure Development for ₹340 crore.
The site has roughly 4.57 million sq ft of saleable area potential and an estimated gross development value of about ₹5,200 crore.
Including this Greater Noida acquisition, Puravankara’s FY27 business development pipeline across Delhi-NCR, Mumbai and Bengaluru totals about 10.74 million sq ft with an estimated GDV of ₹14,100 crore.
# What happened
Puravankara has entered the Delhi-NCR real estate market by acquiring a 13.44-acre land parcel in Greater Noida. The parcel was allotted to its wholly owned subsidiary, Prudential Housing and Infrastructure Development, for ₹340 crore.
# Why the transaction matters
The tract carries saleable development potential of about 4.57 million square feet and an estimated gross development value (GDV) near ₹5,200 crore. For Puravankara, this is the company's first project in the Delhi-NCR region and its largest land transaction in fiscal 2027 so far.
The company says it evaluated multiple opportunities across the National Capital Region before choosing Greater Noida. The acquisition expands the developer's footprint beyond markets where it already has activity, including recent redevelopment wins in Mumbai and ongoing efforts in Bengaluru.
# How this fits into Puravankara's FY27 pipeline
With the Greater Noida parcel added, Puravankara's business development activity for FY27 spans roughly 10.74 million sq ft of saleable area across Delhi-NCR, Mumbai and Bengaluru, with an estimated combined GDV of about ₹14,100 crore. The Greater Noida deal is one component of that pipeline and follows the company's recent redevelopment project win in Goregaon West, Mumbai.
# What Puravankara says internally
Company leaders framed the move as the result of a selective assessment process. They indicated they will continue to evaluate additional opportunities across Delhi-NCR based on development potential, projected returns and capital efficiency.
# Immediate implications for Greater Noida and the region
The transaction signals continued developer interest in Greater Noida within the broader Delhi-NCR market. The scale of the parcel and its GDV suggest a mixed-use or large residential development could follow, given the saleable area mentioned. The deal also adds to a cluster of recent land acquisitions and development tie-ups across the NCR, including other recent large transactions by regional and national developers.
# Practical takeaways for different readers
# What to watch next
Watch for announcements about project type, launch timing, phasing, product mix and sales strategy. Also monitor any further land additions or partnerships Puravankara makes in Delhi-NCR as they evaluate returns and capital efficiency.
Puravankara has entered the Delhi-NCR market through the allotment of a 13.44-acre land parcel in Greater Noida. The project has a saleable potential of about 4.57 million sq ft and an estimated GDV of ₹5,200 crore.
Signature Global has acquired 25 acres in Farrukhnagar, Gurugram, for ₹150 crore and entered into collaboration agreements for another 169.22 acres. The combined 194.22-acre development has an estimated potential of 6.77 million sq ft and GDV of ₹5,500-6,000 crore.
In a highly competitive bidding process, M3M has secured a 12.5-acre mixed-use land parcel in Sector 108 for approximately Rs 1,850 crore, significantly exceeding the reserve price of Rs 835 crore. The robust developer interest this land has generated illustrates the lucrative potential of mixed-use properties in Noida
Max Estates has entered into a binding MoU for a proposed joint development agreement covering a 9.76-acre land parcel in Indirapuram, Ghaziabad. The project has an estimated development potential of about 1.5 million sq ft and GDV of ₹2,500-3,000 crore.
The company already holds redevelopment projects across locations including Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill and Cuffe Parade
The project is powered by the Mumbai-based Arbour Investments, bringing institutional funding support to the development, says the release
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