Performance Overview

Puravankara Limited reported a strong Q2FY27 performance, with pre‑sales reaching ₹2,136 crore, a 62% year‑on‑year increase from ₹1,322 crore in Q2FY26 and higher than ₹1,439 crore in Q1FY27. Customer collections rose 24% YoY to ₹1,301 crore, up from ₹1,047 crore in the same quarter last year and above ₹1,199 crore in Q1FY27. Sales area expanded 22% YoY to 1.83 million sq ft, compared with 1.50 million sq ft in Q2FY26 and 1.36 million sq ft in Q1FY27. Average price realization improved 32% YoY to ₹11,651 per sq ft, up from ₹8,814 per sq ft in Q2FY26 and ₹10,589 per sq ft in Q1FY27.

Handovers and Deliveries

During Q2FY27 the company handed over 977 homes totaling 0.97 msft. Cumulative handovers for the first half of FY27 (H1FY27) reached 1,722 homes covering 1.92 msft.

Development Pipeline

Puravankara added 6.51 msft of potential developable area in Q2FY27, with an estimated Gross Development Value (GDV) of ₹8,900 crore. Total pipeline additions in H1FY27 amounted to 10.74 msft with an estimated GDV of ₹14,100 crore, spread across Bengaluru, Mumbai and Greater Noida.

Q2FY27 Additions

  • South‑East Bengaluru: Joint development on a 7.83‑acre parcel, GDV >₹1,100 crore, developable area 0.89 msft.
  • Goregaon West, Mumbai: Redevelopment rights for three residential societies on 4.68 acres, developable area 1.05 msft, GDV ₹2,600 crore.
  • Greater Noida, Delhi‑NCR: Acquisition of a 13.44‑acre parcel, developable area 4.57 msft, GDV ₹5,200 crore.

Q1FY27 Additions

  • Mandur, Bengaluru: 14.57‑acre parcel, GDV ₹2,300 crore, developable area 1.80 msft.
  • Doddagubbi, North Bengaluru: 11.23‑acre joint development, GDV >₹1,100 crore, developable area 0.74 msft.
  • Sanna Ammanikere, North Bengaluru: 9.73‑acre airport‑corridor parcel, GDV ≈₹800 crore, developable area 0.89 msft.
  • Sarjapura, Bengaluru: 6.4‑acre joint development, GDV >₹1,000 crore, developable area 0.80 msft.

New Project Launches in H1FY27

During Q2FY27 the company launched three new projects with a combined developable area of 1.00 msft:

  • Westend, Bengaluru – 0.26 msft.
  • Miami, Mumbai – 0.08 msft.
  • Equinox 6, Bengaluru – 0.66 msft.

Including the 0.13 msft phase launch at Emerald Bay (Tower B12), Pune in Q1FY27, total developable area launched in H1FY27 was 1.13 msft.

Project Completions and Handovers

Project completions for H1FY27 totaled 2.13 msft. In Q2FY27 the company completed 0.41 msft at One Park Avenue, Mumbai, comprising Avenue 1 (Panorama) – 0.26 msft and Avenue 6 (Panorama) – 0.15 msft.

Asset Sale

Pursuant to a definitive agreement executed in Q1FY27, Puravankara completed the sale of its commercial property Purva Zentech to an entity backed by ICICI Prudential AMC on 30 September 2026. The transaction valued the asset at an enterprise value of ₹625.94 crore and was effected through the transfer of the company’s entire shareholding in Purva Ruby Properties Private Limited.

Management Commentary

Ashish Puravankara, Managing Director, stated that the company’s focus remains on scaling the business while maintaining discipline in pricing, capital deployment and execution. He highlighted the 62% pre‑sales growth, 24% rise in collections and 32% improvement in average price realization as validation of the strategy to invest in differentiated developments in markets with enduring demand. He emphasized the priority of translating the robust development pipeline into launches, sales and cash flows, while remaining selective about capital deployment.

Macro Outlook Context

The release references the Reserve Bank of India’s policy review on 7 October 2026, which raised the FY27 real GDP growth forecast to 7.1%, projected CPI inflation at 5.2%, and increased the policy repo rate by 25 basis points to 5.50%, signalling a calibrated tightening stance amid rising price pressures and global uncertainty.

Outlook

With an expanded presence across key markets and a strengthened pipeline, Puravankara aims to continue disciplined capital allocation, progress projects toward launch and ensure timely delivery.