Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s leading real estate developers, announced strong financial and operational performance in Q3FY26, with pre‑sales rising 17% year‑on‑year to ₹1,414 crore and customer collections up 22% to ₹1,140 crore. Average price realisation improved 12% YoY to ₹9,500 per sq. ft., reflecting steady demand across markets.
Ashish Puravankara, Managing Director, said: “In 9MFY26, we expanded our portfolio significantly, adding over 12.76 million sq. ft. of potential developable area with an estimated GDV of ₹13,900 crore. These include marquee acquisitions in Bengaluru and Mumbai, such as the 53.5‑acre land parcel in Anekal Taluk, redevelopment projects at Malabar Hill and Chembur, and strategic partnerships in North and East Bengaluru. Our focus remains on disciplined execution and value creation in high‑demand micro‑markets.”
Key Performance Highlights
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Pre‑sales: ₹1,414 crore in Q3FY26 vs ₹1,209 crore in Q3FY25 (17% YoY growth).
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Collections: ₹1,140 crore in Q3FY26 vs ₹937 crore in Q3FY25 (22% YoY growth).
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Sales Area: 1.49 msft in Q3FY26, up 4% YoY.
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Average Realisation: ₹9,500 per sq. ft., up 12% YoY.
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Handover: 1.23 msft delivered in Q3FY26, comprising 1,116 homes.
New Launches
In Q3FY26, Puravankara launched Purva Silversky at Hebbagodi Village, Attibele Hobli, Anekal Taluk, Bengaluru. The project spans 7,73,111 sq. ft. with 356 homes across 3, 4, and 5 BHK configurations. During 9MFY26, total saleable area launched stood at 2.83 msft, including 2.05 msft from new phase launches.
Business Development (9MFY26)
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Anekal Taluk, Bengaluru: Acquired 53.5 acres with GDV potential of ~₹4,800 crore.
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Malabar Hill, Mumbai: Secured redevelopment project with GDV potential of ~₹2,700 crore.
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Balegere, East Bengaluru: Entered joint development with GDV potential of ~₹1,000 crore.
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Chembur, Mumbai: Selected for redevelopment of eight societies, GDV potential ~₹2,100 crore.
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KIADB Hardware Park, North Bengaluru: Partnered for 24.59 acres, GDV potential ~₹3,300 crore.
Outlook
India’s macroeconomic momentum remains strong, with GDP growth at 8.2% YoY in Q2FY26 and RBI revising FY26 outlook to 7.3%. While residential demand moderated in Q3FY26, commercial real estate showed resilience, with leasing activity rising 15% QoQ. Bengaluru led absorption with 24% share, followed by Mumbai (22%) and Delhi‑NCR (18%), underscoring continued strength in office demand.
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