Real estate company Puravankara Limited has reported ₹1,124 crore in pre-sales for the first quarter of the financial year 2025–26. This marks a 6% increase compared to the same period last year, when the company recorded ₹1,064 crore in pre-sales. What makes this performance impressive is that it was achieved without launching any new projects during the quarter.
In terms of area sold, Puravankara delivered 1.25 million square feet of space, slightly lower than 1.29 million square feet in Q1 of the previous year. However, the company earned more per square foot this time. The average price was ₹8,988 per square foot, up from ₹8,246—a 9% rise. Customer payments during the quarter totaled ₹857 crore.
Ashish Puravankara, the Managing Director, said the strong sales showed that customers have confidence in the brand and ongoing projects. He explained that even without new launches, the team focused on selling homes in existing projects and did so successfully.
Along with good sales numbers, Puravankara also took some major steps for future growth. In Mumbai, the company was chosen as the preferred developer for redeveloping eight residential societies in Chembur. This project is expected to bring in more than ₹2,100 crore in business. In Bengaluru, they signed a joint development deal for a 5.5-acre plot in Balagere, near several IT parks. This new project is estimated to generate ₹1,000 crore in value and will have around 0.83 million square feet of development.
Even though there was a small drop in the number of homes sold, the company’s earnings per square foot and total collections stayed strong. Puravankara also plans to finish 2.2 million square feet of commercial space by the end of this financial year.
After the announcement, the company’s stock price dipped slightly on both the NSE and BSE. But with ongoing redevelopment and new joint ventures, Puravankara is looking to grow its presence in key cities. The results from Q1 show that the company is moving in the right direction, even in a competitive market.
Also read, Puravankara Signs Rs 1000 Crore JDA for 5.5-Acre Residential Project in East Bengaluru