DRA Homes Announces ₹550 Crore Residential Project in Pune
DRA Homes is entering Pune with a residential project valued at ₹550 crore. The move marks the Chennai-based developer’s first expansion into Western India. The company announced its plans on 22 October 2026 as it looks to move beyond Tamil Nadu.
The developer is targeting the mid-to-upper-mid-income group of buyers. Information on the project’s location, apartment configurations, and launch date is yet to be revealed.
DRA Homes targets Pune
DRA Homes is set to target 1% share of Pune's residential market in three to four years and has a target of fetching ₹1,000 crore pre-sales in the current financial year. The company has a pre-sales of around ₹850 crore in the previous fiscal.
Pune has a strong employment base, with activity across information technology, manufacturing and fintech. The city records annual office space absorption of around 10 million square feet. This commercial activity is one factor behind the developer’s decision to enter the residential market.
Several parts of Pune already attract homebuyers. Hinjewadi and Wakad are established residential locations in the western corridor. Kharadi and Wagholi serve the eastern side of the city. Baner and Balewadi attract buyers looking at higher-priced homes, while Undri and NIBM Road offer options in the affordable and mid-segment categories.
DRA Homes has not confirmed the location of its new development. Details about pricing and apartment sizes will help buyers understand how the project compares with other properties nearby.
Building beyond Chennai
The expansion comes as DRA Homes continues to manage its existing business. According to the published report, the company has ₹3,100 crore worth of unsold inventory in its established markets.
In Chennai, DRA Homes recently acquired 3.91 acres at Karanai, off Old Mahabalipuram Road (OMR). The site is intended for a mid-segment residential development valued at around ₹500 crore. More than 450 homes are planned.
For Pune homebuyers, the next details to watch are the project's location, apartment options, MahaRERA registration and official prices. These will offer a clearer picture of what the developer plans to bring to the city.
