New Launch11 Jul 2025, 01:37 pm
Puravankara Limited Reports Q1FY26 Pre-sales Growth of 6% Y-o-Y, Strengthens Portfolio with Rs 3,100 Cr GDV from New Acquisitions
AI Summary
Puravankara Limited, a trusted real estate developer in India, reported pre-sales of Rs 1,124 crore in Q1FY26, marking a 6% year-on-year growth. The average price realisation improved by 9% y-o-y, while customer collections for the quarter stood at Rs 857 crore. The company has been selected as the preferred developer for redeveloping eight residential societies in Chembur, Mumbai, and entered into a Joint Development Agreement for a 5.5-acre land parcel in East Bengaluru. These initiatives reflect the company's focus on strengthening its presence in key micro-markets and driving long-term value creation.
Key Highlights
- Puravankara selected as preferred developer for redeveloping eight residential societies in Chembur, Mumbai, unlocking over 1.2 million sq. ft. of potential across ~4 acres, with an estimated potential Gross Development Value (GDV) of Rs 2,100 crore.
- Entered into a joint development of a 5.5-acre land parcel in East Bengaluru, with an estimated combined potential GDV of over Rs 1,000 crores.
- Achieved quarterly sales value of Rs 1,124 crores for Q1FY26 when compared to Rs.1,064 crore in Q1FY25; up by 6% y-o-y.
- Average price realisation in Q1FY26 increased to Rs 8,988 /sft, up by 9% from Rs 8,246/sft in QIFY25.
- Achieved quarterly customer collections from the real estate business of Rs 857 crores in Q1FY26.