Puravankara Ltd's Q1 FY25 Sales Bookings Remain Steady at ₹1,128 Crore
Puravankara Ltd reports flat sales bookings in Q1 FY25, average price realization increases 6% annually
Real EstatePuravankara LtdSales BookingsQ1 Fy25BengaluruReal Estate NewsJul 13, 2024
The company has added 3.25 million square feet to its land bank in this quarter, comprising of a 7.26-acre land parcel in Bengaluru, a 12.77-acre land parcel in Ghodbunder road, Thane, and has also bought out the landowner share of 0.83 million square feet in three projects by Provident in Goa and Bengaluru.
Quarterly collections fetched a total of ₹965 crore into the Puravankara’s kitty during the June quarter, up 39% year-on-year. Meanwhile, the average price realization in the first quarter of 2024-2025 was up by 6% to ₹8,746 per square feet from 8,277 per sq ft.
In FY24, Puravankara recorded sales to the tune of ₹5,914 crore, an increase of 90% compared to ₹3,107 crore in FY23. Meanwhile its total revenue increased 61% annually to ₹2,260 crore during the fiscal. The company sold real estate spanning a total of 7.35 million square feet during the year.
Puravankara Ltd is a Bengaluru-based real estate developer with a strong presence in the residential real estate sector across South and West India.
Frequently Asked Questions
What is the sales booking value of Puravankara Ltd in Q1 FY25?
₹1,128 crore
Why has Puravankara Ltd deferred its planned launches to Q2?
Due to a general delay in approvals during the election period
What is the average price realization of Puravankara Ltd in Q1 FY25?
₹8,746 per square feet, up 6% from ₹8,277 per sq ft
What is the total revenue of Puravankara Ltd in FY24?
₹2,260 crore, up 61% annually
How many square feet of real estate did Puravankara Ltd sell in FY24?
7.35 million square feet
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