Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Bengaluru-based Puravankara Ltd reported a 4 % increase in quarterly sales bookings to INR 1,322 crore, driven by stronger demand for residential properties. Pre-sales during the first half of the fiscal grew to INR 2,445 crore from INR 2,349 crore a year earlier. Sales volumes were 1.50 million sq ft in Q2 and 2.75 million sq ft in H1, with average realisations rising to INR 8,814 per sq ft in Q2 and INR 8,891 per sq ft in H1. The company has completed 92 projects, holds 30 million sq ft of land, and has 35.75 million sq ft under ongoing development.
Puravankara Ltd, a real estate developer, reported a 4 % year-on-year growth in quarterly sales bookings, reaching INR 1,322 crore. The growth comes amid stronger demand for residential properties, compared with INR 1,270 crore booked in the same period last year. Advertisement
For the first half of the fiscal, the company's pre-sales increased to INR 2,445 crore from INR 2,349 crore during the corresponding period of the previous year. In terms of area, it sold around 1.50 million sq ft in the quarter and 2.75 million sq ft in the half year. Average price realisation improved to INR 8,814 per sq ft in Q2, a 7 % increase year-on-year, and INR 8,891 per sq ft in H1, up 8 % from last year.
As of June, Puravankara had completed 92 projects covering about 54 million sq ft across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank stands at 30 million sq ft, while ongoing projects account for 35.75 million sq ft.
The company has also focused on strategic expansion through redevelopment projects and key land acquisitions, particularly in Mumbai and Pune, to strengthen its presence in western India. In the previous fiscal, it had achieved strong pre-sales momentum and higher average realisations, which helped maintain its market position despite regulatory and market challenges.
Puravankara continues to balance sales growth with project execution, aiming to ensure timely handovers while managing ongoing construction across multiple cities. Its mix of completed projects and active development pipeline reflects a broad geographic presence and a diversified residential portfolio.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
