Puravankara Q2 Pre-sales Surge 62% YoY to ₹2,136 Cr; Collections Up 24%
Puravankara Limited reported Q2FY27 pre-sales of ₹2,136 crore, a 62% YoY increase. Collections rose 24% to ₹1,301 crore. The company added 6.51 msft of developable area with ₹8,900 crore GDV in Q2FY27, and 10.74 msft with ₹14,100 crore GDV in H1FY27. Average price realization grew 32% to ₹11,651 per sq. ft.
The substantial increase in pre-sales and collections, along with significant additions to the development pipeline, are material positive developments that are likely to have a high impact on the company's future financial performance and market position.
The company reported significant year-on-year growth in pre-sales, customer collections, sales area, and average price realization, indicating strong operational performance and market demand.
Puravankara Limited announced its operational update for the quarter ended September 30, 2026 (Q2FY27), reporting a significant 62% year-on-year increase in pre-sales to ₹2,136 crore, up from ₹1,322 crore in Q2FY26. Customer collections also saw a substantial rise of 24% YoY, reaching ₹1,301 crore compared to ₹1,047 crore in the same period last year.
The sales area for the quarter grew by 22% YoY to 1.83 million square feet (msft), with an average price realization improving by 32% YoY to ₹11,651 per square foot. In Q2FY27, the company handed over 977 homes, totaling 0.97 msft, contributing to cumulative handovers for H1FY27 of 1,722 homes spanning 1.92 msft.
Puravankara added 6.51 msft of potential developable area in Q2FY27, with an estimated Gross Development Value (GDV) of ₹8,900 crore. This brings the total pipeline additions for H1FY27 to 10.74 msft, with an estimated GDV of ₹14,100 crore, across key markets including Bengaluru, Mumbai, and Greater Noida.
Ashish Puravankara, Managing Director, highlighted the company's focus on scaling the business with discipline in pricing, capital deployment, and execution. He noted the strong pre-sales growth, increased collections, and improved average price realization, supporting the strategy of investing in differentiated developments in high-demand markets.
The company also completed the sale of its commercial property, Purva Zentech, on September 30, 2026, for an enterprise value of ₹625.94 crore. Business development in FY27 includes significant additions to the development pipeline, with notable project launches and phase completions in Bengaluru, Mumbai, and Pune during H1FY27.
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