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...
Puravankara Ltd reported a 17 per cent rise in sales bookings to INR 1,414 crore in the third quarter of the current financial year, aided by steady demand for residential projects. Sales volumes rose to 1.49 million square feet, while average realisation increased to INR 9,500 per square foot. For the first nine months, bookings grew 9 per cent to INR 3,859 crore. The company also posted higher collections and continues to expand its presence across major Indian cities with a strong project pipeline.
Real estate developer Puravankara Ltd recorded a 17 per cent year-on-year growth in sales bookings during the third quarter of the current financial year, supported by sustained demand for residential housing across its key markets. The company's sales bookings for the quarter stood at INR 1,414 crore, compared with INR 1,209 crore in the corresponding period of the previous year. Advertisement
In volume terms, sales bookings increased by 4 per cent to 1.49 million square feet from 1.43 million square feet a year earlier. The improvement in value was also supported by higher pricing, with the average realisation rising 12 per cent to INR 9,500 per square foot from INR 8,452 per square foot in the year-ago quarter.
For the first nine months of the ongoing financial year, Puravankara reported a 9 per cent increase in cumulative sales bookings at INR 3,859 crore, up from INR 3,543 crore in the same period last year, as per its regulatory filing. The company also recorded collections of INR 1,140 crore during the third quarter, reflecting stable customer conversions and execution.
Managing Director Ashish Puravankara stated that the company maintained its growth momentum during the quarter, largely driven by sustenance sales across projects. He noted that the improvement in pre-sales and collections on a year-on-year basis reflected continued customer confidence and the strength of the brand across multiple cities.
As of the end of September 2025, Puravankara had completed 93 projects aggregating 55 million square feet across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company currently holds a land bank of 32 million square feet, while projects under development account for another 34 million square feet.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
