NEW DELHI: Puravankara has entered into a joint development agreement (JDA) for an 11.23-acre land parcel in Doddagubbi, North Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore.
The forthcoming residential apartment project will encompass approximately 0.74 million sq ft.
Ashish Puravankara, Managing Director of Puravankara, stated, “FY26 marked a significant milestone for us, with record annual sales reaching ₹7,407 crore, representing a 55% year-on-year growth. As we strive towards our FY27 sales target of ₹11,200 crore, our focus will be on enhancing our presence in markets characterized by strong infrastructure, job accessibility, and sustained demand.”
In FY26, the company’s presales amounted to ₹7,407 crore, showing a 55% increase year-on-year. Customer collections for FY26 were ₹4,258 crore, reflecting a 15% year-on-year growth, as reported during the earnings call.
Total sales volume in FY26 reached 7.25 million sq ft, with the average realization increasing by 21% from the previous year to ₹10,213 per sq ft.
The company has projected a pre-sales value of around ₹11,200 crore for FY26-27. Additionally, they aim to reduce debt by approximately ₹750 crore during the same period.
