Puravankara’s INR 2000 Crore expansion Plan

In the wake of competition among big branded developers to establish their supremacy in the real estate market, Bengaluru’s leading real estate player, Puravankara will be embarking on an ambitious expansion plan.

For setting its expansion plans into motion, the group is allocating INR 2000 crore  to create a big land bank over the next 12 months. It has plans to triple its land bank to about 45 million square feet from the current 15 msf of net developable area in the next three years. Following the footsteps of other large Bengaluru-based developers like Prestige and Sobha, Puravankara will be foraying into Delhi-NCR in FY 26.

According to Abhishek Kapoor, Group Chief Executive and ED, Puravankara, the company  is set on the path to become a pan- India player and will be deploying INR 1500- 2000 crore  for new acquisitions in the residential and commercial  real estate. Though our  major  focus will be on large cities including Bengaluru, Chennai, Hyderabad, Mumbai, Pune and Delhi-NCR, we will also be looking at opportunities in Goa and Kochi

In order to fund its expansion plans, Puravankara has already raised INR 1150 crore  from HDFC Capital through its wholly-owned subsidiary- Provident Housing. It is also in the process of raising INR 1000 crore  via qualified institutional  placements. Further, the company is reportedly in talks with a few more private equity players to raise more funds. Puravankara will reportedly be funding its expansion through internal accruals as well.

Raymond Realty Aiming to Get Listed Next Year

Raymond Realty, the real estate arm of Raymond Limited, is working out its plans to go public. The leading Mumbai-based real estate company is aiming to get listed by Q2 FY 26.

The cash rich company, according to its CEO, Harmohan Sahni, does not need to raise additional  capital for real estate development over the next one and a half to two years. The group which has an asset light model of development, based on joint development agreements,  has currently assets with a gross development value (GDV) of INR 32000 Crore across Mumbai Metropolitan Region (MMR) and Thane. Sahni says that Raymond Realty is adding  INR 5000-7000 crore of GDV every year which can even go up to INR 10000 crore.Most of the company’s growth is coming from MMR, besides some contribution by Pune market . For  future growth, it is scouting for opportunities in Pune market.

Over the next two years, Raymond Realty is looking at a growth rate of 20 percent. Looking at the pre-sales of INR 2000 crore in FY 24, Sahni is confident of achieving it in view of infrastructural developments and likely continuation of the ongoing realty upcycle for next 2-3 years.

Plot Cancellation of M3M’s Luxury Projects in Noida Rescinded

In a major policy decision, the Uttar Pradesh government has revoked the plot cancellation orders for M3M’s prominent Noida projects-, ‘The Cullinan ,Sector 94’ and ‘The Line Sector 72’, providing relief to the homebuyers of these projects.

The Cullinan and The Line are among M3M’s flagship projects in Noida market .Spread across 12.85 acres with G plus 39 floors, The cullinan is a low density luxury development offering 3, 4 and 5 BHK apartments. there are s 5.5 acres of dedicated open and green spaces  with a range of amenities including sports arena, indoor swimming pool, 1 lakh sq ft club house, music room, gymnasium, yoga decks, floating sitting decks and more.  The 3 BHK apartments start from INR 6.81 crore onwards while 4 and 5 BHK apartments cost 8.99 crore plus and 12.79 crore plus respectively. its possession is slated for April 2028.

M3M The Line provides various investment options in showrooms and shops as per one’s investment goal and budget. It has relaxing amenities like cafe, restaurant, club, swimming pool, double height shops, exhilirating family entertainment zone. The possession is slated for July 2028.