Puravankara records 28% growth in Q1 pre-sales, collections up 40%

Mumbai: Realty developer Puravankara Ltd has reported a 28% year-on-year increase in pre-sales for the April-June quarter and added a Rs 5,200 crore gross development value (GDV) pipeline through four land transactions.

The Bengaluru-based property developer maintained its sales guidance for the financial year 2026-27.

The company reported pre-sales of Rs 1,439 crore in the first quarter, while collections rose 40% year-on-year to Rs 1,199 crore. Sales area stood at 1.36 million sq ft, up 9% from a year earlier, and average price realisation improved 18% to Rs 10,589 per sq ft. During the quarter, the company handed over 0.94 million sq ft, delivering 745 homes.


Puravankara also entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech, at an enterprise value of Rs 625.94 crore. The company said Rs 145 crore will be received through the sale of shares of the special purpose vehicle, while the balance will be realised through agreed balance sheet adjustments under the transaction structure.

"This quarter marks a strong start to the year and reaffirms the resilience and depth of our business strategy. Sales value grew, and we saw a corresponding improvement in collections. The 18% YoY increase in average price realisation is a clear indication that our strategic shift towards premiumisation and well-located, high-quality developments is translating into tangible value for both our customers and shareholders,” said Ashish Puravankara, MD, Puravankara Ltd.

The company announced four land transactions during the quarter with a cumulative GDV of Rs 5,200 crore. In Sarjapur, Bengaluru, it entered into a joint development agreement for a 6.4-acre parcel with a potential GDV of over Rs 1,000 crore and saleable area of 0.8 million sq ft. In Doddagubbi, North Bengaluru, it signed a joint development agreement for an 11.23-acre parcel with a potential GDV of over Rs 1,100 crore and saleable area of 0.74 million sq ft.

Puravankara also acquired a 9.73-acre parcel at Sanna Ammanikere in North Bengaluru's airport corridor with a GDV potential of approximately Rs 800 crore and saleable area of 0.89 million sq ft. In Mandur, Bengaluru, it secured a 14.57-acre parcel with a GDV of Rs 2,300 crore and development potential of 1.8 million sq ft.

"We also remained active on the business development front, announcing four land transactions during the quarter with a cumulative Gross Development Value (GDV) of Rs 5,200 crore. These additions strengthen our project pipeline and support our objective of sustaining long-term, profitable growth," Ashish Puravankara said.

The company said it remains on track to achieve its FY 2026-27 sales guidance of Rs 11,200 crore across the Southern and Western regions.