NSE:PURVA management interview: Puravankara Enters Greater Noida: ₹5,200 Cr GDV, 4.5 Mn Sq Ft Project Explained | Business News
ET Now, 2026-09-22. Video: https://www.youtube.com/watch?v=QMZuWlcJCkc
- NCR market entry: Puravankara acquired a 13.44-acre land parcel in Greater Noida with a gross development value (GDV) of approximately ₹5,200 crore and 4.5 million square feet of saleable potential, planned for launch in the premium segment within 6 to 7 months.
- Mumbai redevelopment strategy: Redevelopment projects comprise about 50% to 60% of the company's Mumbai portfolio, valued at roughly ₹18,000 crore, and recently expanded with three societies in Goregaon offering ~₹2,600 crore in top-line potential.
- Business development targets: Having completed around ₹14,000 crore in GDV in the first six months of the financial year, the company is aiming to achieve approximately ₹25,000 crore in GDV across its South, West, and North markets.
- EBITDA margin guidance: Management expressed high confidence in meeting its FY27 EBITDA margin target of 25% to 30%, while maintaining or exceeding its 20% margin benchmark across redevelopment projects.