Acquisitions10 Oct 2025, 11:55 am
Puravankara Expands Portfolio with Rs 9,100 Cr GDV in Acquisitions in H1FY26
AI Summary
Puravankara Limited, one of India’s most trusted real estate developers, reported pre-sales of Rs 1,322 crores in Q2FY26, marking a 4% year-on-year growth. The average price realisation improved by 7% year-on-year, while customer collections for the quarter grew by 8% year-on-year to Rs 1,047 crores. The company made significant progress in expanding its portfolio, adding over 6.36 million square feet of potential developable area with an estimated GDV of approximately Rs 9,100 crores in H1FY26.
Key Highlights
- Pre-sales of Rs 1,322 crores in Q2 FY26 vs Rs 1,270 crore in Q2 FY25 (up by 4% Y-0-Y)
- H1 FY26 pre-sales at Rs 2,445 crores vs Rs 2,349 crores in H1 FY25 (up 4% Y-o0-Y)
- Sales volume of 1.50 msft in Q2 FY26 and 2.75 msft in H1 FY26
- Average realisation improved to Rs 8,814/sft in Q2 FY26 (up by 7% Y-0-Y) and Rs 8,891/sft in H1 FY26 (up by 8% Y-0-Y)
- Customer collections from the real estate business stood at Rs 1,047 crores in Q2 FY26 (up by 8%)
- Partnered with KVN Property Holdings LLP for a 24.59-acre land parcel with 3.48 msft developable area and potential GDV of over Rs 3,300 crores in North Bengaluru
- Selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai, unlocking over 1.2 msft of development potential across ~4 acres, with an estimated GDV of Rs 2,100 crores
- Entered into a joint development for a 5.5-acre land parcel with a combined potential GDV of over Rs 1,000 crores in Balegere, East Bengaluru
- Secured a prestigious redevelopment project with a GDV potential of ~Rs 2,700 crores in Malabar Hill, Mumbai