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Bengaluru, October 10, 2025 : Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most
trusted real estate developers, reported pre-sales of Rs 1,322 crores in
Q2FY26, marking a 4% year-on-year growth. The average price realisation
improved by 7% year-on-year, while customer collections for the quarter grew by
8% year-on-year to Rs 1,047 crores.
Commenting on the Company’s performance, Ashish
Puravankara, Managing Director, Puravankara Limited, said, “In Q2 FY26,
we sustained the growth momentum, driven entirely by sustenance sales, achieving
pre-sales of Rs 1,322 crores and collections of Rs 1,047 crores, both improving
year-on-year. This performance underscores the continued trust of our customers
and the strength of our brand across markets.
During the first half of FY26, we made significant
progress in expanding our portfolio, adding over 6.36 million square feet of
potential developable area with an estimated GDV of approximately Rs 9,100
crores. These include marquee acquisitions across Mumbai and Bengaluru, such as
Malabar Hill and Chembur redevelopment projects, and large-scale partnerships
in North and East Bengaluru. Our focus remains on disciplined execution and
value creation through strategic expansion in high-demand micro-markets.”
Key Highlights
Sales Performance
- Pre-sales
of Rs 1,322 crores in Q2 FY26 vs Rs 1,270 crore in Q2 FY25 (up by 4%
Y-o-Y) - H1
FY26 pre-sales at Rs 2,445 crores vs Rs 2,349 crores in H1 FY25 (up 4%
Y-o-Y) - Sales
volume of 1.50 msft in Q2 FY26 and 2.75 msft in H1 FY26 - Average
realisation improved to Rs 8,814/sft in Q2 FY26 (up by 7% Y-o-Y) and Rs
8,891/sft in H1 FY26 (up by 8% Y-o-Y)
Collections
- Customer
collections from the real estate business stood at Rs 1,047 crores in Q2
FY26 (up by 8%) - Customer
collections from the real estate business stood at Rs 1,904 crores in H1
FY26 (up by 1% y-o-y)
Business Development (H1 FY26)
- KIADB
Hardware Park, North Bengaluru: Partnered with
KVN Property Holdings LLP for a 24.59-acre land parcel with 3.48 msft
developable area and potential GDV of over Rs 3,300 crores. - Chembur,
Mumbai: Selected as the preferred developer
for the redevelopment of eight residential societies, unlocking over 1.2
msft of development potential across ~4 acres, with an estimated GDV of Rs
2,100 crores. - Balegere,
East Bengaluru: Entered into a joint
development for a 5.5-acre land parcel with a combined potential GDV of
over Rs 1,000 crores. - Malabar
Hill, Mumbai: Through its wholly-owned
subsidiary, Puravankara secured a prestigious redevelopment project with a
GDV potential of ~Rs 2,700 crores, offering 0.7 million square feet of
premium development on 1.43 acres.
Outlook
Over the past quarter, India’s macro picture has shown
renewed strength. Q1 FY26 real GDP climbed ~7.8% Y-o-Y, riding momentum across
services, construction, and consumption. Meanwhile, the RBI has raised its FY26
growth projection to 6.8%, a notch above earlier forecasts, reflecting
confidence that domestic demand and rural recovery will offset global
headwinds. In Q3 CY25, residential demand grew ~1% Y-o-Y, with the Rs 1–2 crore
segment driving volumes, even as new launches moderated slightly. Prices across
major metros rose 5–17%, led by NCR, Bengaluru, and Chennai. Puravankara is
well-placed to benefit from current real estate tailwinds.
