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Puravankara Limited delivered a robust performance in the third quarter of FY26, reporting a 17 per cent year-on-year growth in pre-sales, supported by sustained demand and improved price realisations. The Bengaluru-based real estate developer achieved pre-sales of INR 1,414 crore during the quarter, while customer collections rose sharply, reflecting healthy cash flows and buyer confidence. Over the first nine months of FY26, the company significantly expanded its development pipeline through strategic land acquisitions, redevelopment projects and joint ventures across Bengaluru and Mumbai, with a total estimated gross development value of nearly INR 13,900 crore. Despite some moderation in residential demand during the quarter, Puravankara's focus on high-demand micro-markets, disciplined execution and portfolio expansion helped it maintain growth momentum and strengthen its market position.
Puravankara Limited reported pre-sales of INR 1,414 crore in the third quarter of FY26, registering a 17 per cent increase compared to the same period last year. The company said average price realisation improved 12 per cent year-on-year to around INR 9,500 per square foot, while customer collections rose 22 per cent to INR 1,140 crore, indicating strong underlying demand and improved operational performance. Advertisement
During the first nine months of FY26, Puravankara added over 12.76 million square feet of potential developable area, with an estimated gross development value of approximately INR 13,900 crore. These additions included a 53.5-acre land parcel in Anekal Taluk, Bengaluru, redevelopment projects at Malabar Hill and Chembur in Mumbai, and joint development agreements in North and East Bengaluru.
Commenting on the performance, Managing Director Ashish Puravankara said the growth in Q3 was largely driven by sustenance sales and reflected continued customer trust in the brand. He added that the company remains focused on disciplined execution and value creation through expansion in high-demand micro-markets.
During the quarter, Puravankara handed over 1.23 million square feet of space, delivering 1,116 homes. Cumulative handovers for the nine months ended December FY26 stood at 2.58 million square feet, comprising 2,446 homes.
In terms of launches, the company introduced the Purva Silversky project in Anekal Taluk, Bengaluru, during Q3 FY26, offering 356 homes across multiple configurations. Total launches during the first nine months of FY26 amounted to 2.83 million square feet.
While residential housing demand moderated during the quarter, the company said it continues to see opportunities in well-connected urban markets and remains optimistic about long-term growth, supported by strategic land additions and a resilient real estate environment.
Source - PTI
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