Puravankara Limited, a prominent real estate developer, has set its sights on acquiring a substantial land bank of 45 million square feet across various cities in India over the next two years. This ambitious expansion plan will focus on key markets like Bengaluru, Chennai, Pune, Hyderabad, and Mumbai.
The company’s strategic move aims to capitalize on the growing demand for residential and commercial real estate in these regions. By securing a significant land bank, Puravankara can ensure a steady pipeline of projects and maintain its position as a leading player in the Indian real estate market.
The developer has already identified several strategic locations within these cities and is actively engaged in negotiations with landowners. Puravankara’s focus will be on acquiring well-located plots that offer potential for high-value developments, such as residential townships, mixed-use complexes, and commercial spaces.
This expansion plan aligns with Puravankara’s broader vision of becoming a diversified real estate company with a strong presence across India. By acquiring land in multiple cities, the developer can mitigate risks and capitalize on regional variations in market demand.
The company’s aggressive land acquisition strategy is expected to fuel significant growth in the coming years. As Puravankara launches new projects and delivers completed units, it is poised to enhance its brand value and strengthen its financial position. This expansion will also contribute to the overall development of the real estate sector in India, creating jobs and stimulating economic activity.
