Tag: Puravankara

IndustryLatest Stories

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,…

IndustryLatest Stories

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…

IndustryLatest Stories

Puravankara to Co-Develop Four Acres in Bengaluru

Representative Image NEW DELHI: Puravankara Group has commenced a joint development project on a four-acre land parcel located on Hennur Road in Bengaluru, with a projected gross development value (GDV) exceeding ₹1,300 crore. Ashish Puravankara, the company’s managing director, stated, “This joint venture is in line with our strategy of leveraging asset-light partnerships in high-potential micro-markets, while providing thoughtfully designed homes that meet the needs of modern urban living.” The land parcel offers a total saleable area of approximately 0.84 million sq ft, and the company anticipates launching it in the next six to twelve months. Earlier this year, Puravankara…

IndustryLatest Stories

Puravankara Q3 FY26 Net Profit at ₹58.34 Crore

NEW DELHI: Puravankara announced a consolidated net profit after tax of ₹58.34 crore for the quarter ending December 31, 2025, according to a filing with the BSE. This contrasts with a loss after tax of ₹92.64 crore reported during the same quarter last year. The company’s consolidated total income reached ₹1,104.06 crore in Q3 FY26, compared to ₹334.20 crore in the corresponding quarter of the previous fiscal year. The board of directors has approved the re-appointment of Ashish Ravi Puravankara as managing director for a five-year term, effective from April 1, 2026, through March 31, 2031. Additionally, the board has…

IndustryLatest Stories

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

Latest StoriesRegulatory

Karnataka Probes Infosys Land Sale for E-Khata Bypass

Karnataka’s revenue authorities have initiated an investigation into recent plot sale transactions, including one between Infosys and real estate developer Puravankara. The inquiry aims to identify any procedural deviations and determine subsequent actions. Revenue Minister Krishna Byre Gowda stated, “We have decided to expand the probe into transactions statewide,” in an interview with RealtyDailyNews. Inspector General of Registration (IGR) Mullai Muhilan has initiated this review following the discovery that five sub-registrars did not adhere to regulations. The authorities now mandate the submission of an e-khata, the digital version of a property’s official record, for property registration. The Kaveri 2.0 portal…

IndustryLatest Stories

Puravankara Acquires 53 Acres in Bengaluru

Representative image NEW DELHI: Puravankara has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru. Ashish Puravankara, the company’s managing director, stated, “This acquisition is part of our strategy to systematically enhance our launch pipeline with quality developable land across key micro-markets.” The newly acquired land in Attibele Hobli boasts a saleable area of 6.4 million sq ft, with a potential gross development value (GDV) exceeding ₹4,800 crore. Mallanna Sasalu, CEO – South, highlighted, “Prior to this acquisition, in H1 FY26, we added a total of 6.36 million sq ft of developable area in Bengaluru and Mumbai, translating to an…

IndustryLatest Stories

Bengaluru body plans land auctions for ₹1,800 crore boost

Representative image created by AI The Bengaluru Development Authority (BDA) is set to generate up to ₹1,800 crore through the auction of prime urban land, enhancing efforts to monetize land assets and increase revenue. This initiative is anticipated to draw competitive bids from top real estate developers, especially amid ongoing land shortages and high demand in metropolitan areas. Part of the monetization strategy includes BDA’s planned e-auction for three substantial commercial land parcels in Konadasapura, located along the rapidly developing Whitefield–Hosakote Road corridor in east Bengaluru. The largest parcel covers over 52 acres (approximately 2.13 lakh sq. metres), with two…

CommercialLatest Stories

Puravankara Leases 1.2 Lakh Sq Ft Retail to Ikea in Bengaluru

NEW DELHI: Puravankara has entered into a lease agreement (ATL) with Ikea India for over 1.2 lakh sq ft of retail space at Purva Zentech Park on Kanakapura Road, Bengaluru. Purva Zentech Park is a mixed-use commercial project featuring approximately 9.6 lakh sq ft of leasable and saleable area. Currently under construction, it is expected to be completed by early 2026. Ikea will take up the first and second floors, with the space slated to be handed over in Q1 2026, and operations planned to begin thereafter. Ikea India has opted not to comment. Colliers India’s office services team facilitated…

IndustryLatest Stories

Puravankara’s Q2 FY26 Net Loss Expands to ₹43 Crore

NEW DELHI: Puravankara has reported a net consolidated loss after tax of ₹42.99 crore for the quarter ending September 30, 2025, compared to a loss after tax of ₹17.06 crore for the same quarter last year, as stated in a filing to the BSE. The company’s net consolidated total income for Q2 FY26 reached ₹662.73 crore, marking a 27.53% increase from ₹519.68 crore recorded in the same quarter of the previous year. Ashish Puravankara, managing director, stated, “In Q2 FY26, we maintained strong growth, driven solely by sustainable sales, achieving pre-sales of ₹1,322 crore and collections of ₹1,047 crore, both…