Realty developer Puravankara reported a 62% year-on-year rise in sales bookings during the September quarter, supported by stronger residential demand, higher sales volumes and improved price realisation.
New Delhi, October 13 — Realty firm Puravankara Ltd reported a sharp increase in its residential sales performance during the September quarter, with sales bookings rising 62% year-on-year to ₹2,136 crore. The company had recorded pre-sales of ₹1,322 crore in the same quarter a year earlier.
The company’s sales area during the quarter stood at 1.83 million square feet, up 22% annually, indicating stronger demand across its residential portfolio.
Average price realisation also improved significantly. Puravankara said average realisation increased 32% year-on-year to ₹11,651 per square foot, reflecting better pricing across projects and a stronger sales mix.
During the quarter, the company handed over 977 homes, covering around 0.97 million square feet. In the first six months of the current financial year, Puravankara delivered 1,722 homes spanning 1.92 million square feet to customers.
Puravankara Managing Director Ashish Puravankara said the company is focused on scaling its business while maintaining discipline in pricing, capital deployment and project execution. He added that the performance supports the company’s strategy of investing in differentiated developments in markets with strong demand.
The real estate developer has completed 97 projects totalling 59 million square feet across nine cities — Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa.
The latest quarterly performance indicates that demand for residential property remains supportive in Puravankara’s key markets, while higher realisations are also helping drive booking value growth.
