Puravankara Limited, one of India’s most trusted real estate developers, reported robust pre-sales of Rs 1,322 crore in Q2 FY26, marking a 4% year-on-year growth. The company’s average price realization also rose by 7% YoY, while customer collections grew 8% YoY to Rs 1,047 crore, reflecting steady demand across its residential portfolio.

Sales and Collections Performance
In Q2 FY26, Puravankara achieved pre-sales of Rs 1,322 crore, compared to Rs 1,270 crore in Q2 FY25, showing a consistent 4% YoY growth. For the first half of FY26, pre-sales reached Rs 2,445 crore, up 4% YoY from Rs 2,349 crore in H1 FY25.

The company sold 1.50 million square feet in Q2 FY26 and 2.75 million square feet in H1 FY26, with average realizations improving to Rs 8,814 per square foot in Q2 FY26 (up 7% YoY) and Rs 8,891 per square foot in H1 FY26 (up 8% YoY).

Customer collections from real estate projects stood at Rs 1,047 crore in Q2 FY26, up 8% YoY, and Rs 1,904 crore in H1 FY26, up 1% YoY, highlighting the company’s strong cash flow position.

Strategic Business Development and New Projects
Puravankara continued to expand its footprint across Mumbai and Bengaluru with several high-potential projects:

  • KIADB Hardware Park, North Bengaluru: Partnered with KVN Property Holdings LLP for a 24.59-acre land parcel with 3.48 msft developable area, offering a potential GDV of over Rs 3,300 crore.

  • Chembur, Mumbai: Selected as the preferred developer for redeveloping eight residential societies, unlocking over 1.2 msft of development potential across ~4 acres, with an estimated GDV of Rs 2,100 crore.

  • Balegere, East Bengaluru: Entered into a joint development agreement for a 5.5-acre land parcel with combined potential GDV of over Rs 1,000 crore.

  • Malabar Hill, Mumbai: Secured a premium redevelopment project via its wholly-owned subsidiary, offering 0.7 msft of development on 1.43 acres, with GDV potential of ~Rs 2,700 crore.

With steady sales growth, improved realizations, and strategic land acquisitions, Puravankara is well-positioned to strengthen its leadership in the Indian residential real estate market.

TOPICS: Puravankara