Puravankara shares hit a day high of Rs 223.70 on Tuesday, gaining nearly 4%, after the company entered the Delhi NCR real estate market.

The move came through Prudential Housing and Infrastructure Development, a wholly owned subsidiary of Puravankara.

The subsidiary secured a 13.44 acre land parcel in Greater Noida, which the company plans to develop into premium high rise residential housing. This single deal is fairly large by the company’s own standards.

The parcel carries a saleable potential of about 4.57 million square feet and an estimated Gross Development Value of around Rs 5,200 crore. Sources indicate the land itself was acquired for roughly Rs 340 crore.

Puravankara has largely built its business across the southern and western parts of India over the years.

This Greater Noida acquisition marks its first real push into the north, specifically into a location that sits close to the Yamuna Expressway, with the upcoming Noida International Airport at Jewar expected to improve connectivity further.

It’s worth noting this isn’t happening in isolation. The Delhi NCR entry comes shortly after the company won a Rs 2,600 crore redevelopment project in Goregaon West, Mumbai.

Taken together with this new land parcel, Puravankara’s business development activity for FY27 across Delhi NCR, Mumbai and Bengaluru now adds up to about 10.74 million square feet of saleable area, worth an estimated Rs 14,100 crore.

The company’s overall scale gives some sense of where this fits in. As of June 30, 2026, Puravankara had completed 97 projects spanning around 59 million square feet across nine cities.

Its total land bank stands at about 40 million square feet, with ongoing projects covering another 35.14 million square feet.

The stock closed the day at Rs 216.05, up 0.52% from its previous close of Rs 214.94, holding on to a large part of its intraday gains through the session.

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