Puravankara Records 17% Drop in Bookings to Rs 1331 Cr Amid Strong Housing Demand
Puravankara Ltd, a leading real estate firm, reported a 17% drop in sale bookings to Rs 1,331 crore in the second quarter of the fiscal year, despite a strong housing market. The company remains optimistic about future growth and has strategic plans for t
PuravankaraReal EstateHousing DemandBookingsProperty SalesReal Estate NewsOct 10, 2024
Despite this decline, the company remains resilient and continues to witness robust housing demand across key markets. According to Ashish Puravankara, Managing Director of Puravankara Ltd, the company's performance reflects a strong focus on customer-centric offerings and operational efficiencies.
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Frequently Asked Questions
What was the percentage drop in Puravankara's sale bookings in Q2FY25?
Puravankara's sale bookings fell by 17% in Q2FY25.
How much did Puravankara collect in Q2FY25?
In Q2FY25, Puravankara achieved collections of Rs 1,033 crore.
What is the potential GDV of Puravankara's new launches in the second half of the fiscal year?
The potential GDV of Puravankara's new launches in the second half of the fiscal year is over Rs 13,000 crore.
Which cities has Puravankara acquired land in, and what is the total potential GDV?
Puravankara has acquired land in Mumbai, Bengaluru, and Goa, with a total potential GDV of around Rs 10,000 crore-plus.
What is Puravankara's strategy to maintain growth momentum?
Puravankara's strategy to maintain growth momentum includes continued focus on customer-centric offerings, operational efficiencies, and strategic land acquisitions.
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