Puravankara Q2 Pre-sales Surge 62% to ₹2,136 Crore

Pre-sales Performance:

Q2FY27 pre-sales reached ₹2,136 crore, representing a 62% year-on-year increase from ₹1,322 crore in Q2FY26
Quarter-on-quarter pre-sales increased from ₹1,439 crore in Q1FY27

Customer Collections:

Collections grew 24% year-on-year to ₹1,301 crore in Q2FY27, up from ₹1,047 crore in Q2FY26
Quarter-on-quarter collections increased from ₹1,199 crore in Q1FY27

Sales Area and Pricing:

Sales area stood at 1.83 million square feet (msft) in Q2FY27, up 22% year-on-year from 1.50 msft in Q2FY26
Quarter-on-quarter sales area increased from 1.36 msft in Q1FY27
Average price realization improved 32% year-on-year to ₹11,651 per sq. ft., compared to ₹8,814 per sq. ft. in Q2FY26
Quarter-on-quarter price realization increased from ₹10,589 per sq. ft. in Q1FY27

Customer Handovers:

H1FY27 Pipeline Additions:

Total pipeline additions of 10.74 msft with estimated Gross Development Value (GDV) of ₹14,100 crore
Added across Bengaluru, Mumbai, and Greater Noida markets

Q2FY27 Additions (6.51 msft, ₹8,900 crore GDV):

South-East Bengaluru: Joint development for 7.83-acre land parcel with 0.89 msft developable area and over ₹1,100 crore GDV potential
Goregaon West, Mumbai: Secured redevelopment rights for three residential societies across 4.68 acres with 1.05 msft developable potential and ₹2,600 crore estimated GDV
Greater Noida, Delhi-NCR: Secured 13.44-acre land parcel with 4.57 msft developable area and ₹5,200 crore GDV potential (marks entry into Delhi-NCR market)

Q1FY27 Additions (4.23 msft, ₹5,200 crore GDV):

Mandur, Bengaluru: 14.57-acre land parcel with 1.80 msft development potential and ₹2,300 crore GDV
Doddagubbi, North Bengaluru: Joint development for 11.23-acre land parcel with 0.74 msft developable area and over ₹1,100 crore GDV potential
Sanna Ammanikere, North Bengaluru: 9.73-acre land parcel in airport corridor with 0.89 msft developable area and approximately ₹800 crore GDV potential
Sarjapura, Bengaluru: Joint development for 6.4-acre land parcel with 0.80 msft developable area and over ₹1,000 crore GDV potential

New Project Launches in Q2FY27 (1.00 msft total):

Additional H1FY27 Launch:

Project Completions:

Q2FY27 completions: 0.41 msft at One Park Avenue, Mumbai comprising Avenue 1 (Panorama) (0.26 msft) and Avenue 6 (Panorama) (0.15 msft)
H1FY27 total completions: 2.13 msft

Purva Zentech Sale:

Completed sale of commercial property Purva Zentech to an entity backed by ICICI Prudential AMC on September 30, 2026
Transaction executed at enterprise value of ₹625.94 crore
Completed through transfer of company's entire shareholding in Purva Ruby Properties Private Limited

Ashish Puravankara, Managing Director, commented on the company's strategy:

Focus on scaling business while maintaining discipline in pricing, capital deployment and execution
Strategy involves investing in differentiated developments in markets with enduring demand
Deliberate selection of opportunities offering both scale and long-term value
Priority is to translate development potential into launches, sales and cash flows
Commitment to remain selective about capital deployment and focused on execution

RBI's October 7, 2026 policy review raised FY27 real GDP growth forecast to 7.1%
RBI expects services activity, stable employment conditions and infrastructure investment to support domestic demand
RBI projects FY27 CPI inflation at 5.2%
RBI raised policy repo rate by 25 basis points to 5.50%
RBI shifted stance to calibrated tightening amid rising price pressures and global uncertainty

Pan-India presence with headquarters in Bengaluru
Completed 97 projects totaling approximately 59 msft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa
Total land bank: approximately 40 msft
Ongoing projects: 35.14 msft
Grade A commercial real estate presence: approximately 3 msft
Interior design arm: Purva Streaks

With strengthened development pipeline and expanded presence across key markets, Puravankara remains focused on: