Puravankara Reports 28% YoY Growth in Q1 FY27 Pre-Sales to ₹1,439 Crore; Collections Surge 40%

Puravankara Reports Strong Pre-Sales Growth in Q1 FY27

Puravankara Limited reported pre-sales of ₹1,439 crore in Q1FY27, marking a 28% year-on-year growth. Collections rose 40% year-on-year to ₹1,199 crore, reflecting sustained customer confidence and strong execution of delivery timelines.

The quarter demonstrated gains across key operational metrics. Sales area for the quarter stood at 1.36 million square feet, a 9% increase over the same period last year, while average price realisation improved 18% year-on-year to ₹10,589 per sq ft. During the quarter, Puravankara handed over 0.94 msft, delivering 745 homes.

Land Acquisition Strategy Accelerates

The company announced four land transactions during the quarter with a cumulative Gross Development Value (GDV) of ₹5,200 crore. The acquisitions spanned approximately 41.93 acres, with a cumulative development potential of around 4.23 msf.

Ashish Puravankara, Managing Director, noted that the 18% year-on-year increase in average price realisation is a clear indication that the company's strategic shift towards premiumisation and well-located, high-quality developments is translating into tangible value for both customers and shareholders.

Guidance and Full-Year Outlook

With this strong start to the year, Puravankara remains firmly on track to achieve its FY27 sales guidance of ₹11,200 crore across the Southern and Western regions.

Market Context

The developer's performance comes amid a stabilising macroeconomic backdrop. 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.

Puravankara's Market Footprint

Founded in 1975 and headquartered in Bangalore, Puravankara has operated for nearly five decades. As of March 31, 2026, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company operates three prominent brands: Puravankara, recognized for its luxurious, state-of-the-art projects; Provident Housing Ltd., a wholly owned subsidiary launched in 2008, which addresses the needs of mid-income homeowners; and Purva Land, which focuses on theme-based plotted developments.

Commercial Asset Monetisation

During the quarter, 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.