Puravankara Clocks ₹1,124 Cr in Pre-Sales in June Quarter
By Ankur Chandra | Published at: Jul 11, 2025 04:14 PM IST
Bengaluru, July 11, 2025 – Puravankara Limited (NSE: PURVA | BSE: 532891) reported a 6% year-on-year (YoY) growth, achieving ₹1,124 crore in pre-sales during Q1 FY26, despite no new project launches in the quarter. The performance signals strong demand resilience and buyer confidence in existing inventory.
The growth was underpinned by robust sustenance sales, a 9% rise in average price realisation to ₹8,988 per sq. ft., and continued momentum in collections. Strategic additions in Mumbai and Bengaluru, unlocking ₹3,100 crore in GDV, further reinforced Puravankara’s operational pipeline and long-term growth outlook.
As of 14:15, the stock slipped 2.06% to ₹284.85, nearing the day’s low of ₹281.70 and staying well below its 52-week high of ₹500.
Quarterly Performance Snapshot
| Particulars | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Pre-Sales Value | ₹1,124 crore | ₹1,064 crore | +6% |
| Sales Volume | 1.25 mn sq. ft. | 1.29 mn sq. ft. | -3.1% |
| Avg. Price Realisation | ₹8,988/sq. ft. | ₹8,246/sq. ft. | +9% |
| Customer Collections | ₹857 crore | Not disclosed | – |
Strategic Development Updates
Puravankara strengthened its portfolio with two key additions during the quarter, unlocking a combined Gross Development Value (GDV) of ₹3,100 crore.
| Project Type | Location | Scope | GDV Potential |
|---|---|---|---|
| Redevelopment | Chembur, Mumbai | 8 societies, ~1.2 mn sq. ft. | ₹2,100 crore |
| Joint Development | East Bengaluru | 5.5 acres land parcel | ₹1,000 crore |
In Mumbai, the company was chosen as the preferred developer for eight residential society redevelopment projects in Chembur, offering significant urban monetization opportunities. In Bengaluru, it entered into a joint development agreement for a key land parcel in the eastern micro-market.
Management Commentary
“As we enter our 50th year, we are proud of our sustained momentum,” said Ashish Puravankara, Managing Director. “With no new launches this quarter, our 6% growth in pre-sales reflects the depth of demand for our existing inventory. The redevelopment wins in Mumbai and expansion in East Bengaluru highlight our focused growth strategy in high-potential urban centers.”
Commercial Project Pipeline
Puravankara reaffirmed that it is on track to deliver 2.2 million sq. ft. of commercial real estate by the end of FY26, which will significantly enhance its recurring income streams.
Sector Outlook: Tailwinds from Policy and Demand
India’s macroeconomic fundamentals remain favorable. The Reserve Bank of India’s 50-bps repo rate cut to 5.50% and 100-bps CRR cut to 3% in June are expected to boost liquidity and reduce borrowing costs, benefiting homebuyers and developers alike.
Continued demand for premium housing, along with robust leasing by IT, BFSI, and Global Capability Centers (GCCs), positions Puravankara well to capitalize on sectoral growth.
About Puravankara
Founded in 1975 and headquartered in Bengaluru, Puravankara Limited is one of India’s leading listed real estate companies with a diversified portfolio across residential and commercial segments. The company is listed on NSE and BSE under the ticker symbols PURVA and 532891, respectively.
REF: https://nsearchives.nseindia.com/corporate/PURVA_11072025131908_SEINTIMATION-SD.pdf
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