Puravankara Ltd: highest-ever annual sales value and customer collections in FY24

Puravankara Ltd announced their operational update for Q4FY24 and FY24. The Indian real estate sector is projected to grow at a CAGR of 18.7% from 2020 to 2030. The RBI kept the policy repo rate unchanged at 6.50% for FY23-24, and inflation is forecasted to be at 5.4%. Puravankara Limited reported the highest-ever annual sales value of Rs 5,914 crores, a 90% increase from FY23's Rs 3,107 crores. The annual customer collections also reached a record of Rs 3,609 crores, a 60% increase from Rs 2,258 crores in FY23. The average price realisation increased by 2% to Rs 7,916/sft. The company launched several new projects in FY24, including Purva Sound of Water III, Purva Ragaam, Provident Ecopolitan, Purva Windermere and Provident Deansgate, among others.