Bengaluru-based real estate developer Puravankara Limited has reported a consolidated net loss of ₹88 crore for the fourth quarter of fiscal year 2025 (Q4 FY25), marking a steep increase from the ₹6.71 crore loss posted in the same period last year. This decline comes on the back of a 40.47% drop in total income, which fell to ₹563.70 crore from ₹946.84 crore year-on-year.
Despite the quarterly loss, Puravankara achieved record-breaking pre-sales of ₹5,006 crore for the full fiscal year, driven by strong demand and efficient project execution. The company sold 5.67 million square feet during FY25, and the average realization per square foot rose by 10% year-on-year to ₹8,830. Customer collections for the year touched ₹3,937 crore, reflecting a 9% growth from the previous year.
In line with its long-term growth strategy, Puravankara is pursuing aggressive expansion. It made substantial land acquisitions across major markets including Mumbai, Bengaluru, and Goa. In Mumbai, the company acquired 5.14 million square feet of developable area with a projected Gross Development Value (GDV) of ₹9,208 crore. In Bengaluru, it secured land with a developable area of 2.56 million square feet (GDV of ₹2,822 crore), and in Goa, it invested in land with a GDV potential of ₹213 crore.
Puravankara is also eyeing redevelopment opportunities in Mumbai. It has initiated projects in prime locations such as Breach Candy and Lokhandwala, Andheri West, with the former expected to yield a GDV of ₹700 crore and the latter estimated at ₹2,350 crore.
Diversifying its portfolio, the company is focusing on commercial real estate development. It plans to build and lease 3 million square feet of commercial office space, targeting ₹300 crore in annual rental income by FY27.
Looking ahead, Puravankara aims to expand its land bank to 45 million square feet over the next two years. It has plans for new projects in Bengaluru, Mumbai, Pune, Chennai, and Coimbatore, and is preparing to enter the Delhi-NCR market in FY26, where it has already established an office and deployed a team.
Despite current financial headwinds, Puravankara’s strategic investments, strong pre-sales performance, and robust expansion roadmap position it well for long-term growth in both residential and commercial real estate sectors.