Puravankara posts Q1 FY26 pre-sales of ₹1,124 cr, price realisation up 9%
Puravankara Ltd
reported consolidated pre-sales of ₹1,124 crore — a 6% year-on-year growth — even in the absence of new launches for the operational performance in the first quarter of FY26, with . The company also witnessed a 9% increase in
average price realisation
, which rose to ₹8,988 per square foot in Q1FY26, up from ₹8,246 per square foot a year ago.
Customer collections stood strong at ₹857 crore during the quarter, reinforcing
homebuyer confidence
across its projects. Despite a slight dip in sales volume from 1.29 million sq ft in Q1FY25 to 1.25 million sq ft in Q1FY26, the higher price realisation helped the company maintain growth in topline metrics.
Puravankara's performance gains further relevance as they come in a quarter without fresh launches, underscoring the strength of its sustenance sales strategy and customer trust in the brand.
by Taboola
by Taboola
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'As we enter our 50th year of operations, we take pride in the trust we have earned and the milestones we have accomplished along the way. In Q1FY26, despite no new launches, we recorded a 6% year-on-year growth in pre-sales, reaching ₹1,124 crore, and delivered strong collections driven by resilient sustenance sales, reflecting continued confidence from homebuyers in our projects,' said Ashish Puravankara, Managing Director, Puravankara Ltd.
He said, 'We are particularly excited about the momentum in our redevelopment strategy in Mumbai, where we have recently been selected as the preferred developer to redevelop eight housing societies in Chembur, unlocking a GDV potential of over ₹2,100 crore. This marks a significant step forward in our efforts to create value in established urban locations. Further, we have entered into a Joint Development Agreement for a 5.5-acre land parcel in East Bengaluru, with a GDV potential of over ₹1,000 crore. These initiatives reflect our sharp focus on strengthening our presence in key micro-markets and driving long-term value creation.'
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The company's strategy appears aligned with broader sectoral trends, as India's real estate market continues to benefit from improved affordability, lower interest rates, and increasing demand for premium housing. The recent 50-basis-point repo rate cut by the Reserve Bank of India, along with a 100-bps CRR reduction, is expected to improve liquidity and spur demand further, offering a favorable outlook for both developers and end-users.
Puravankara is also progressing with its commercial portfolio, remaining on track to complete 2.2 million sq ft of commercial projects in FY26. This diversification complements its growing residential pipeline across nine cities including Bengaluru, Mumbai, Chennai, and Hyderabad.
As of March 31, 2025, Puravankara had completed over 90 projects spanning approximately 53 million sq ft and holds a total land bank of around 25 million sq ft. With ongoing projects aggregating to 37 million sq ft, the developer is expected to sustain growth momentum through a mix of redevelopment, plotted development, and commercial ventures.
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