July
13, 2026 - Bengaluru, India: Puravankara Limited (NSE: PURVA | BSE:
532891), one of India’s most trusted and admired real estate developers,
reported pre-sales of ₹1,439 crore in Q1FY27, marking a 28% YoY growth.
Collections rose 40% year-on-year (YoY) to ₹1,199 crore, reflecting sustained
customer confidence and strong execution of delivery timelines. Sales area for
the quarter stood at 1.36 million square feet (msft), a 9% increase over the
same period last year, while average price realisation improved 18% YoY to
₹10,589 per sq ft. During the quarter,
Puravankara handed over 0.94 msft, delivering 745 homes.
Further,
the company entered into a definitive agreement with ICICI Prudential AMC for
the sale of its commercial property, Purva Zentech. The transaction values the
asset at an enterprise value of ₹625.94 crore. Of the total consideration, ₹145
crore will be received through the sale of shares of the SPV, while the balance
will be realised through agreed balance sheet adjustments in accordance with
the transaction structure.
Commenting
on the company's performance, Ashish Puravankara, Managing Director,
Puravankara Ltd., said, “Q1 FY27 marks a strong start to the year and
reaffirms the resilience and depth of our business strategy. Sales value grew,
and we saw a corresponding improvement in collections. The 18% YoY increase in
average price realisation is a clear indication that our strategic shift
towards premiumisation and well-located, high-quality developments is
translating into tangible value for both our customers and shareholders.
We
also remained active on the business development front, announcing four land
transactions during the quarter with a cumulative Gross Development Value (GDV)
of ₹5,200 crore. These additions strengthen our project pipeline and support
our objective of sustaining long-term, profitable growth.
With
this strong start to the year, we remain firmly on track to achieve our FY
2026–27 sales guidance of ₹11,200 crore across the Southern and Western
regions, and we are confident of building on this momentum through the
remainder of the year."
Business
Development for Q1 FY27
In
Q1 FY27, Puravankara announced four land transactions spanning approximately
41.93 acres, with a cumulative development potential of around 4.23 msft and a
total estimated GDV of ₹5,200 crore.
Sarjapura,
Bengaluru: Entered into a joint development agreement
for a 6.4-acre land parcel with a potential GDV of over ₹1,000 crore and
saleable area of 0.8 msft.
Doddagubbi,
North Bengaluru: Entered into a joint development agreement
for an 11.23-acre land parcel with a potential GDV of over ₹1,100 crore and
saleable area of 0.74 msft.
Sanna
Ammanikere, North Bengaluru: Acquired a 9.73-acre land parcel in the
fast-developing airport corridor, with a GDV potential of approximately ₹800
crore, with a saleable area of 0.89 msft.
Mandur,
Bengaluru: Secured a 14.57-acre land parcel with a GDV
of ₹2,300 crore, offering 1.8 msft of development potential.
Outlook
India's
real estate sector continues to show resilience even as the broader economy navigates
a more cautious growth environment. The Reserve Bank of India's June 2026
policy review held the repo rate steady at 5.25%, while moderating its FY27 GDP
growth forecast to 6.6% amid elevated inflation projections of 5.1%. A stable
rate environment, combined with steady office leasing demand from IT, BFSI, and
GCC occupiers, continues to support healthy residential absorption in the
premium segment.
With
a robust launch pipeline, disciplined balance sheet management, and increasing
average price realisation reflected in Q1FY27, Puravankara remains confident of
sustaining its growth trajectory and delivering on its FY27 guidance.