Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted real estate developers, has announced strong operational performance in Q2 FY26, driven by steady sales growth and strategic portfolio expansion across Mumbai and Bengaluru.
The company reported pre-sales of ₹1,322 crore in Q2 FY26, up 4% year-on-year, with average price realisation rising 7% to ₹8,814 per sq. ft. Customer collections for the quarter grew 8% year-on-year to ₹1,047 crore.
During the first half of FY26, Puravankara added over 6.36 million sq. ft. of potential developable area, translating into an estimated Gross Development Value (GDV) of ₹9,100 crore, through marquee acquisitions in high-demand micro-markets.
🏗️ Strategic Portfolio Expansion Across Key Markets
Puravankara continued to deepen its presence in Mumbai and Bengaluru through strategic acquisitions and redevelopment projects in H1 FY26, including:
- 🏢 KIADB Hardware Park, North Bengaluru:
Partnered with KVN Property Holdings LLP for a 24.59-acre parcel with 3.48 million sq. ft. developable area and GDV potential of ₹3,300 crore. - 🏘️ Chembur, Mumbai:
Selected as preferred developer for redevelopment of eight residential societies spread over 4 acres, unlocking 1.2 million sq. ft. of development potential with GDV of ₹2,100 crore. - 🌇 Malabar Hill, Mumbai:
Through its subsidiary, secured a prestigious redevelopment project with GDV potential of ₹2,700 crore, offering 0.7 million sq. ft. of premium residential development on 1.43 acres. - 🌿 Balegere, East Bengaluru:
Entered a joint development for 5.5 acres, with GDV of over ₹1,000 crore.
These acquisitions underline Puravankara’s strategy of expanding in premium, high-demand urban pockets, particularly in Mumbai’s redevelopment space, which offers significant long-term value creation potential.
📊 Sales and Collections: Steady Momentum
- Q2 FY26 Pre-sales: ₹1,322 crore vs ₹1,270 crore in Q2 FY25 (↑4%)
- H1 FY26 Pre-sales: ₹2,445 crore vs ₹2,349 crore in H1 FY25 (↑4%)
- Sales Volumes: 1.50 msft in Q2 FY26; 2.75 msft in H1 FY26
- Average Realisation: ₹8,814/sft in Q2 FY26 (↑7% YoY); ₹8,891/sft in H1 FY26 (↑8% YoY)
- Customer Collections: ₹1,047 crore in Q2 FY26 (↑8% YoY); ₹1,904 crore in H1 FY26 (↑1% YoY)
🏠 Market Context: Real Estate Tailwinds
India’s macroeconomic picture continues to support the real estate sector. Real GDP grew 7.8% YoY in Q1 FY26, driven by services, construction, and consumption. The RBI raised its FY26 growth projection to 6.8%, indicating strong domestic demand and rural recovery.
Residential demand across top metros grew ~1% YoY in Q3 CY25, led by the ₹1–2 crore price segment. Prices rose 5–17% across markets, with NCR, Bengaluru, and Chennai leading the surge. Against this backdrop, Puravankara’s performance and land acquisitions position it strongly to leverage ongoing real estate tailwinds.
🗣️ Management Commentary
Ashish Puravankara, Managing Director, said:
“In Q2 FY26, we sustained growth momentum driven entirely by sustenance sales, achieving pre-sales of ₹1,322 crores and collections of ₹1,047 crores. This performance underscores the continued trust of our customers and the strength of our brand across markets. Our focus remains on disciplined execution and strategic expansion in high-demand micro-markets.”
📌 Key Takeaway
With steady sales, rising price realisations, and aggressive but strategic land acquisitions, Puravankara is positioning itself as a major player in Mumbai and Bengaluru’s evolving residential landscape, particularly in the redevelopment segment, which remains a key growth engine for urban real estate.
Also Read: Puravankara Secures Malabar Hill Redevelopment Project Worth ₹2,700 Crore
