India, Jan. 27 -- Bengaluru-based listed real estate developer Puravankara Ltd plans to develop around 12-13 million sq ft of residential projects, with new launches across Bengaluru, Mumbai, Kochi and Coimbatore. Ticket sizes are expected to start at about Rs.1.4-1.5 crore and go up to Rs.11-13 crore for ultra-luxury homes, CEO-South, Mallanna Sasalu, told Hindustan Times Real Estate.

The launches will largely comprise high-rise apartments, gated communities and smaller townships. "In Bengaluru, the Rs.1-2 crore bracket is now the sweet spot for residential demand, which has effectively become the premium segment," Sasalu said.

He said the new mid-segment is now in the Rs.70 lakh- Rs.1.2 crore range. High per-capita incomes and continu...