Tag: Puravankara

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Puravankara Q1 FY27 Pre-Sales Up 28% to ₹1,439 Crore

Representative AI image NEW DELHI: Puravankara reported pre-sales of ₹1,439 crore in Q1 FY27, achieving a 28% year-on-year growth. Collections increased by 40% from the previous year to ₹1,199 crore during the quarter. The sales area expanded to 1.36 million sq ft, marking a 9% rise compared to the same period last year. The average price realization improved by 18% year-on-year to ₹10,589 per sq ft. The company delivered 0.94 million sq ft, completing 745 homes during this quarter. Additionally, Puravankara finalized an agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech. The transaction values…

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South Indian Developers Boost Presence in Mumbai Housing Market

Representative AI image Mumbai’s property market is experiencing renewed competition as major real estate developers from South India focus on the country’s largest market, drawn by ongoing housing demand and lucrative redevelopment prospects. The current entrants are utilizing a more measured approach than previous out-of-market attempts, emphasizing redevelopment projects, joint development agreements, and partnerships with local landowners, thereby establishing a capital-efficient pathway into India’s priciest property sector. Developers like Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand, and RMZ are either entering or preparing to enter the Mumbai market through various redevelopment initiatives and land acquisitions, looking to expand beyond their…

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Puravankara to Co-Develop 6.4-Acre Site in Bengaluru

Representative AI image NEW DELHI: Puravankara has entered a joint development agreement for a 6.4-acre land parcel in Sarjapur, Bengaluru, with an estimated gross development value of ₹1,000 crore. The project will have a saleable area of approximately 0.8 million sq ft and will be developed as a residential project. The land is situated in Kaggalipura village, Sarjapura Hobli. The company stated that this transaction has increased its total potential gross development value (GDV) from acquisitions and JDAs in Q1 FY27 to ₹5,200 crore. In the first quarter of FY27, Puravankara announced four land transactions in Bengaluru, covering about 41.93…

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Puravankara Acquires 9.73 Acres in Bengaluru; Arvind Joins for 58.25 Acres in Ahmedabad

Representative image NEW DELHI: Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru. This outright acquisition has development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. In a separate announcement, Arvind SmartSpaces (ASL) shared plans for a residential plotted project located on Kerala-Nalsarovar Road in South Ahmedabad. The project encompasses 58.25 acres, featuring a saleable area of 2.5 million sq ft. This joint development initiative is expected to generate a top-line of ₹180 crore. Published On Jun 17, 2026 at 09:46 AM IST Join a community of…

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Puravankara to Co-Develop 11.23-Acre Site in North Bengaluru

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,…

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Top 11 Developers’ Pre-Sales Jump 18% to ₹1.48 Lakh Crore

NEW DELHI: According to an Anarock Research analysis, the combined pre-sales of 11 listed real estate developers increased by 18% year-on-year, reaching ₹1,48,158 crore in FY26, up from ₹1,25,841 crore in FY25. The analysis focused on major players including Godrej Properties, Prestige Estates, DLF, Macrotech Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil Developers, Keystone Realtors, and Sobha. Developers with significant exposure to premium and luxury housing exhibited stronger growth over the year. Prestige Estates saw the largest annual growth in pre-sales at 76%, followed by Puravankara at 48%, Keystone Realtors at 33%, Sobha at 30%, Godrej Properties at…

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Puravankara buys 14.57 acres in Mandur, Bengaluru

Representative image NEW DELHI: Puravankara has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of around ₹2,300 crore. Of this, 7.92 acres are under a joint development agreement (JDA), while 6.65 acres were directly purchased by the company. The total saleable area for the project is expected to be approximately 1.8 million sq ft. Ashish Puravankara, Managing Director of the company, stated, “With this latest acquisition, our total land bank in Bengaluru now stands at 25.61 million sq ft.” The company’s development pipeline boasts a cumulative estimated GDV of approximately ₹10,400 crore.…

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Puravankara Reports ₹56.75 Crore Net Profit for FY26

NEW DELHI: Puravankara has reported a net consolidated profit after tax of ₹56.75 crore for the financial year 2025-26, a significant turnaround from the loss of ₹182.92 crore reported in FY25, according to a filing with the BSE. The company’s net consolidated total income reached ₹3,846.42 crore in FY26, marking an impressive growth of 83.76% compared to ₹2,093.13 crore in FY25. In Q4 FY26, the net consolidated total income surged by 173.37%, amounting to ₹1,540.99 crore, compared to ₹563.70 crore in the same quarter of the previous year. The profit after tax for Q4 FY26 was ₹109.95 crore, recovering from…

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Puravankara’s Sales Soar 55% to ₹7,407 Crore in FY26

NEW DELHI: Puravankara reported a remarkable 190% year-on-year increase in sales, reaching ₹3,547 crore for the March quarter. This brings the company’s total sales for FY26 to ₹7,407 crore, a 55% rise compared to the previous fiscal year. Quarterly collections amounted to ₹1,213 crore, reflecting a 36% growth from last year, while total collections for FY26 rose by 15% to ₹4,258 crore. The company sold 7.25 million sq ft during the year, marking a 28% year-on-year increase, with average realization climbing 21% to ₹10,213 per sq ft. In the March quarter, realizations surged to ₹11,787 per sq ft. During FY26,…

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Puravankara to Launch 30 Projects Worth ₹55,000 Crore Soon

NEW DELHI: Puravankara is set to unveil 30 residential projects in the next 24 months across South India and Mumbai, aiming for a gross development value (GDV) exceeding ₹55,000 crore. The forthcoming pipeline encompasses around 51.14 million sq ft of developable space. Most projects are currently in the approval phase, while others are still in design, with approvals expected to commence shortly. This expansion occurs amidst consistent demand in the residential market. For the first three quarters of FY26, the company reported pre-sales of ₹3,859 crore and customer collections totaling ₹3,045 crore. Ashish Puravankara, the managing director, remarked, “As we…