NEW DELHI: Puravankara has announced pre-sales of ₹1,124 crore for Q1 FY26, marking a 6% year-over-year increase, despite no new project launches this quarter. This achievement is driven by a 9% increase in average price realization, now at ₹8,988 per sq ft, complemented by consistent sales across existing projects. Sales volume reached 1.25 million sq ft, with collections amounting to ₹857 crore.
The company is enhancing its development pipeline, adding projects with a total projected gross development value (GDV) of ₹3,100 crore. This includes the redevelopment of eight housing societies in Chembur, Mumbai, covering four acres and offering over 1.2 million sq ft of saleable area, with a GDV of ₹2,100 crore.
Additionally, Puravankara has entered a joint development agreement for a 5.5-acre land parcel in East Bengaluru, estimated to have a GDV of ₹1,000 crore.
Ashish Puravankara, the managing director, stated, “In Q1 FY26, despite no new launches, we achieved a 6% year-on-year rise in pre-sales at ₹1,124 crore and delivered strong collections.”
The company also confirmed it remains on track to complete 2.2 million sq ft of commercial projects in FY26 as part of its ongoing portfolio expansion.
