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.
\
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.
Related News Articles
DLF Co Sidhant Real Estate Acquires Prime Delhi Bungalow for ₹150 Crore
In a significant move in the Delhi real estate market, DLF Co Sidhant Real Estate has purchased a prime bungalow in Delhi for a staggering ₹150 crore. This acquisition marks a strategic step in the company's expansion plans and highlights the growing impo
Hem Batra and Karuna Gidwani of Million Dollar Listing India: Navigating the Real Estate Scene
Streaming on Sony LIV, Million Dollar Listing India showcases six realtors, including Hem Batra and Karuna Gidwani, as they navigate the dynamic real estate scene in India's most sought-after locations.
Congress Government Spurs Real Estate Growth in Hyderabad
Hyderabad's real estate sector is booming under the Congress government, with a significant rise in property registrations and building permits.
Suraksha Group Commits Rs 55 Billion to Complete 20,000 Jaypee Homes
Suraksha Group has made a significant commitment of Rs 55 billion to complete the construction and delivery of 20,000 Jaypee homes. This move is expected to bring a significant boost to the real estate sector and provide much-needed housing solutions.
MHADA to Streamline Redevelopment Approvals with 6-Week NOC Issuance
The Maharashtra Housing and Area Development Authority (MHADA) has announced a new initiative to issue NOCs (No Objection Certificates) for redevelopments within a quick six-week timeframe. This move is expected to significantly expedite the redevelopment process in Mumbai, boosting the real estate sector.
Government Establishes Ecosystem for Pre-Litigation Consumer Complaint Resolution
The Indian government is setting up an ecosystem to resolve consumer complaints at the pre-litigation stage, according to the Secretary of Consumer Affairs. This move aims to streamline the complaint resolution process and provide quicker solutions for co