Curation Team
NEW DELHI: Puravankara has recorded pre-sales of ₹1,124 crore in the first quarter of FY26, reflecting a 6% year-on-year growth despite no new launches during the quarter. The performance was underpinned by a 9% rise in average price realisation to ₹8,988 per sq ft, supported by steady sustenance sales across projects. Sales volumes for the quarter stood at 1.25 million sq ft, while collections from homebuyers totalled ₹857 crore.
The company also bolstered its development pipeline by adding projects with a combined potential gross development value (GDV) of ₹3,100 crore. This includes the redevelopment of eight housing societies in Chembur, Mumbai — spanning four acres and offering over 1.2 million sq ft of saleable area — with a GDV potential of ₹2,100 crore.
In addition, the company entered into a joint development agreement for a 5.5-acre land parcel in East Bengaluru, with a projected GDV of ₹1,000 crore.
Ashish Puravankara, managing director of the company said, “In Q1FY26, despite no new launches we recorded a 6% year-on-year growth in pre-sales, reaching Rs 1,124 crore, and delivered strong collections.”
As part of its ongoing commercial portfolio buildout, the company reiterated that it remains on track to complete 2.2 million sq ft of commercial projects in FY26.
