Puravankara Registers 6% YOY Pre-Sales Growth in Q1 FY26, Averages 9% Price Realisation
Puravankara Ltd reported a 6% year-on-year growth in pre-sales, reaching ₹1,124 crore in Q1 FY26, driven by a 9% increase in average price realization. The company is expanding its footprint in Mumbai redevelopment and Bengaluru land development projects.
Puravankara LtdReal EstatePresalesPrice RealizationGdv PotentialReal Estate MumbaiJul 11, 2025
Customer collections stood strong at ₹857 crore during the quarter, reinforcing homebuyer confidence across Puravankara's projects. Despite a slight dip in sales volume from 1.29 million sq ft in Q1 FY25 to 1.25 million sq ft in Q1 FY26, the higher price realization helped the company maintain growth in topline metrics.
Ashish Puravankara, Managing Director of Puravankara Ltd, stated, “As we enter our 50th year of operations, we take pride in the trust we have earned and the milestones we have accomplished along the way. In Q1 FY26, despite no new launches, we recorded a 6% year-on-year growth in pre-sales, reaching ₹1,124 crore, and delivered strong collections driven by resilient sustenance sales, reflecting continued confidence from homebuyers in our projects.”
The company is particularly excited about the momentum in its redevelopment strategy in Mumbai, where it has recently been selected as the preferred developer to redevelop eight housing societies in Chembur, unlocking a GDV potential of over ₹2,100 crore. This marks a significant step forward in the company’s efforts to create value in established urban locations. Further, Puravankara has entered into a Joint Development Agreement for a 5.5-acre land parcel in East Bengaluru, with a GDV potential of over ₹1,000 crore. These initiatives reflect the company’s sharp focus on strengthening its presence in key micro-markets and driving long-term value creation.
Puravankara's strategy aligns with broader sectoral trends, as India’s real estate market continues to benefit from improved affordability, lower interest rates, and increasing demand for premium housing. The recent 50-basis-point repo rate cut by the Reserve Bank of India, along with a 100-bps CRR reduction, is expected to improve liquidity and spur demand further, offering a favorable outlook for both developers and end-users. Puravankara is also progressing with its commercial portfolio, remaining on track to complete 2.2 million sq ft of commercial projects in FY26. This diversification complements its growing residential pipeline across nine cities, including Bengaluru, Mumbai, Chennai, and Hyderabad.
As of March 31, 2025, Puravankara had completed over 90 projects spanning approximately 53 million sq ft and holds a total land bank of around 25 million sq ft. With ongoing projects aggregating to 37 million sq ft, the developer is expected to sustain growth momentum through a mix of redevelopment, plotted development, and commercial ventures.
Frequently Asked Questions
What is Puravankara's pre-sales growth in Q1 FY26?
Puravankara Ltd reported a 6% year-on-year growth in pre-sales, reaching ₹1,124 crore in Q1 FY26.
How much did Puravankara's average price realization increase in Q1 FY26?
Puravankara's average price realization increased by 9%, climbing to ₹8,988 per square foot in Q1 FY26.
What significant projects is Puravankara undertaking in Mumbai?
Puravankara has been selected as the preferred developer to redevelop eight housing societies in Chembur, unlocking a GDV potential of over ₹2,100 crore.
What is Puravankara's joint development project in Bengaluru?
Puravankara has entered into a Joint Development Agreement for a 5.5-acre land parcel in East Bengaluru, with a GDV potential of over ₹1,000 crore.
What is Puravankara's strategy for commercial projects in FY26?
Puravankara is on track to complete 2.2 million sq ft of commercial projects in FY26, diversifying its portfolio and complementing its residential pipeline.
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