Puravankara Projects

Real estate company Puravankara Ltd on Monday reported a 2 per cent increase in its sales bookings to Rs 1,265 crore for the latest December quarter on high demand for homes during festivals. Its sales bookings stood at Rs 1,241 crore in the year-ago period. Puravankara Managing Director Ashish Puravankara said, "The growth in collections is a clear reflection of our strong operational efficiency. In the first nine months of this fiscal, we achieved collections of Rs 2,991 crore, a 19 per cent year-on-year increase". "Keeping in line with our acquisition strategy and our growth plans for the current and next financial year, we have invested approximately Rs 1,100 crore this fiscal, adding a potential GDV of around Rs 10,500 crore," he added. Bengaluru-based Puravankara Ltd is one of the leading real estate developers in the country.

Realty firm Puravankara Ltd's sale bookings fell 17 per cent to Rs 1,331 crore in the second quarter of this fiscal year despite strong housing demand. Its sale bookings stood at Rs 1,600 crore in the year-ago period. The company sold properties worth Rs 2,459 crore during the first six months of this fiscal year, down from Rs 2,725 crore in the corresponding period of the previous year. "In Q2FY25, we have achieved collections of Rs 1,033 crore and pre-sales of Rs 1,331 crore mostly from sustenance sales. Our performance continues to reflect robust housing demand across key markets, driven by our strategic focus on customer-centric offerings and operational efficiencies," Ashish Puravankara, Managing Director of Puravankara Ltd, said. In the first half of the fiscal, he said the company witnessed sustained traction across its portfolio and continued to replenish land bank by acquiring over 5.75 million square feet of saleable area in Mumbai, Bengaluru and Goa with a total potentia

The stock's rally was fuelled by the company's announcement of securing redevelopment rights of Miami Apartments at Breach Candy, South Mumbai.

The uptick in stock price came after the company announced that it has acquired a 7-acre land parcel in Hebbagodi, Bengaluru

Across Asia, markets mirrored the losses seen in Wall Street, with Japan's Nikkei leading the decline with a drop of 1.22 per cent, followed by Korea's Kospi down nearly 1 per cent

Puravankara declared its earnings after market hours on Tuesday. Ahead of the earnings, its shares were down 6 per cent to close at Rs 220.90 on the Bombay Stock Exchange (BSE)

Company working on wellness-themed project in Chennai, its largest in the city

Realty firm Puravankara Ltd on Wednesday reported a 56 per cent annual increase in its sale bookings at Rs 1,241 crore in the third quarter of this fiscal on higher volumes amid strong housing demand. Its sale bookings stood at Rs 796 crore in the year-ago period. According to a regulatory filing, the company's sale bookings rose 60 per cent area-wise to 1.63 million square feet during October-December period from 1.02 million sq ft in the corresponding period of the previous year. The average sales realisation declined 2 per cent to Rs 7,610 per sq ft during the period under review from Rs 7,767 per sq ft a year ago. During April-December period of 2023-24 fiscal, the company's sale bookings rose 89 per cent to Rs 3,967 crore from Rs 2,100 crore in the year-ago period. In area terms, the sale bookings rose 80 per cent to 5.01 million sq ft in the first nine months of this fiscal from 2.79 million sq ft in the year-ago period. The average sales realisation grew 5 per cent to Rs 7

Realty firm Puravankara Ltd has bagged two housing societies' redevelopment projects in Mumbai with a revenue potential of Rs 1,500 crore. In a statement, Bengaluru-based Puravankara Ltd said it has "secured the residential redevelopment rights for the two housing societies in the western suburbs of Mumbai". Situated in Andheri West, the project is spread over 3 acres. "It has a cumulative estimated development potential of 5.8 lakh square feet of carpet area, with approximately 3.65 lakh square feet available for sale and a potential Gross Development Value (GDV) of Rs 1,500 crore over the project's lifecycle," the statement said. Abhishek Kapoor, Group CEO of Puravankara Ltd, said this is a significant milestone as it marks our entry into the redevelopment segment. "This strategic move also underscores our commitment to expanding our footprint in Mumbai's thriving real estate market," Kapoor added. Puravankara Ltd has posted a consolidated net loss of Rs 11.22 crore in the Sept

The sale's value more than doubled, zooming 119 per cent year-on-year, to Rs 1,126 crore from previous year's Q1 sales of Rs 513 crore

Puravankara Reports Highest Ever Q3 Sales, Revenue Growth of 67 Percent Amounting to 410 Cr.

Realty firm Puravankara Ltd on Monday reported a 20 per cent increase in its sales bookings to Rs 796 crore for the quarter ended December, mainly on higher price realisation. In a regulatory filing, the Bengaluru-based company shared the operational update for the October-December period of 2022-23 financial year. Sales bookings stood at Rs 796 crore in the third quarter of this fiscal as against Rs 666 crore in the year-ago period. In terms of volumes, sales bookings rose 3 per cent to 1.02 million square feet from 0.99 million square feet. Price realisation increased to Rs 7,767 per square feet from Rs 6,727 per square feet. During April-December period of this fiscal, sales bookings increased to 2.79 million square feet from 2.32 million square feet in the year-ago period. Sales bookings rose 33 per cent to Rs 2,100 crore in the first nine months of this fiscal from Rs 1,576 crore in the corresponding period of this year. Price realisation increased 11 per cent to Rs 7,528 p

We are looking at launching about 16 million sq ft in the market and in the first phase, we will typically launch about six million

The company's subsidiary Provident Housing Ltd will develop 3 million square feet in the project, which is spread over 18 acres, named 'Provident Winworth' at Kochi

Puravankara has completed 74 projects measuring over 42 million square feet area and over 22 million square feet of projects are under development.

Bengaluru-based developer Puravankara has initiated a similar increase in prices

This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.

Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai

Listed players such as Brigade, Sobha, Puravankara seek reduction across all budget segments

Realty firm Puravankara Ltd has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore