Puravankara, the Bengaluru-based developer behind the Purva and Provident brands, sold homes worth ₹2,136 crore in the July to September quarter (Q2 FY27), up 62% from ₹1,322 crore a year earlier. The jump came mainly from higher prices: its average realisation rose 32% to ₹11,651 per Sq.Ft.
Q2 FY27 at a glance
- Pre-sales: ₹2,136 crore, up 62% year on year
- Area sold: 1.83 million Sq.Ft., up 22%
- Average price: ₹11,651 per Sq.Ft., up 32%
- Customer collections: ₹1,301 crore, up 24% from ₹1,047 crore
- Handovers: 977 homes covering 0.97 million Sq.Ft.
For the first half of the year, Puravankara handed over 1,722 homes covering 1.92 million Sq.Ft.
₹14,100 crore of new projects added in six months
In the quarter the company added 6.51 million Sq.Ft. of future development with an estimated sale value of about ₹8,900 crore. Across the first half, additions reached 10.74 million Sq.Ft. worth about ₹14,100 crore. These include a joint development in South-East Bengaluru worth over ₹1,100 crore, a redevelopment project in Goregaon West, Mumbai worth about ₹2,600 crore, and its 13.44-acre Greater Noida parcel worth about ₹5,200 crore. In October it also signed a joint development for 12.76 acres in Sathanur, North Bengaluru.
Office asset sale
Puravankara also sold its Purva Zentech commercial asset to an entity backed by ICICI Prudential AMC, at a value of about ₹626 crore, by transferring its shareholding in Purva Ruby Properties Private Limited. Managing director Ashish Puravankara said the focus is on scaling the business while keeping pricing, capital and execution disciplined.
What it means for home buyers
A 32% rise in average price in one year shows how quickly new launch pricing is moving in Bengaluru, particularly in the premium Purva range. Higher collections and asset sales give the developer more cash to fund construction on running projects. Browse Puravankara projects on our developer page, read the Q1 FY27 update, or explore South-East Bengaluru.
