NSE:PURVA management interview: Why Puravankara Is Doubling Down On Bengaluru Despite The IT Slowdown | Mallanna Sasalu | ET Now
ET Now, 2026-06-30. Video: https://www.youtube.com/watch?v=060pXYn8SRw
- Land acquisition momentum: Puravankara added 42 acres yielding 4.2 million square feet of developable area and ₹5,200 crore in GDV in the current quarter, including a ₹1,000 crore project on Sarjapur Road and multiple North Bangalore parcels.
- Bangalore demand outlook: The company anticipates 15% market growth in Bangalore, driven by industry consolidation, manufacturing growth, and strong office absorption from AI firms and GCCs, which took 40% to 50% of consumed office space last year.
- FY27 sales guidance: Puravankara reiterated its FY27 guidance of ₹11,200 crore, supported by a pipeline of 25 planned launches—comprising 18 fresh launches and seven phase launches—subject to timely approvals.
- Commercial and regional expansion: The company is executing five redevelopment projects totaling 2.67 million square feet in Mumbai and is actively leasing 1.2 million square feet of completed commercial space alongside an 800,000-square-foot asset on Kanakapura Road.
- Capital and funding: Management ruled out immediate equity fundraising, relying on strong collections, internal cash flows, and cost-efficient debt structures to fund ongoing replenishment and expansion.