Puravankara Ltd, a real estate developer, reported pre-sales of ₹2,136 crore in the second quarter of FY27, up 62% from ₹1,322 crore in the year-earlier period. Customer collections rose 24% year-on-year to ₹1,301 crore from ₹1,047 crore.
Sales area increased 22% to 1.83 million sq. ft., while average price realisation improved 32% to ₹11,651 per sq. ft. The company handed over 977 homes covering 0.97 million sq. ft. during the quarter, taking cumulative handovers in the first half of FY27 to 1,722 homes spanning 1.92 million sq. ft.
Development pipeline expands
Puravankara added 6.51 million sq. ft. of potential developable area in Q2FY27, with an estimated gross development value (GDV) of ₹8,900 crore.
This took its total pipeline additions in the first half of FY27 to 10.74 million sq. ft., with an estimated GDV of ₹14,100 crore across Bengaluru, Mumbai and Greater Noida.
Focus on sales and execution
“Our focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution. This performance supports the company’s strategy of investing in differentiated developments in markets where it sees enduring demand,” Puravankara Managing Director, Ashish Puravankara, said.
Capital deployment remains selective
In H1FY27, the realtor added development opportunities with an estimated GDV of ₹14,100 crore across Bengaluru, Mumbai and Greater Noida. The company has been deliberate in selecting opportunities that offer both scale and long-term value.
“The priority now is to translate this development potential into launches, sales and cash flows. As we expand, we will remain selective about where we deploy capital and focused on execution,” he said.
The company’s focus remains on converting its expanded development pipeline into projects and revenue while maintaining financial discipline and execution standards.