PUPuravankara532891Periodic business update

Q2 pre-sales up 62% YoY at ₹2,136 crore; collections rise 24%

Q2FY27 pre-sales ₹2,136 crore, up 62% YoY.

By ScoutQuest · Tue 13 Oct 2026, 11:23 AM IST · 2 min read

Q2FY27 Pre-sales

₹2,136 crore, up 62% YoY

Q2FY27 Collections

₹1,301 crore, up 24%

H1FY27 Pipeline

10.74 msft, GDV ₹14,100 crore

Q2FY27 business numbers

• Pre-sales: ₹2,136 crore, up 62% year-on-year from ₹1,322 crore in Q2FY26, and higher than ₹1,439 crore in Q1FY27.
• Customer collections: ₹1,301 crore, up 24% YoY from ₹1,047 crore in Q2FY26; Q1FY27 was ₹1,199 crore.
• Sales area: 1.83 msft, up 22% YoY from 1.50 msft in Q2FY26 and 1.36 msft in Q1FY27.
• Average price realisation: ₹11,651 per sq. ft., up 32% YoY from ₹8,814 per sq. ft. in Q2FY26 and ₹10,589 per sq. ft. in Q1FY27.

Pre-sales is the value of homes sold or booked in the quarter. Collections is the cash actually received from buyers. Both moved up in Q2FY27.

Handovers and completions

• Customer handovers in Q2FY27: 977 homes across 0.97 msft.
• Cumulative H1FY27 handovers: 1,722 homes across 1.92 msft.
• Project completions in Q2FY27: 0.41 msft at One Park Avenue, Mumbai, split into Avenue 1 (Panorama) 0.26 msft and Avenue 6 (Panorama) 0.15 msft. H1FY27 completions totalled 2.13 msft.

Land and project additions

• Q2FY27 additions: 6.51 msft of potential developable area with an estimated GDV of ₹8,900 crore.
• H1FY27 total: 10.74 msft with an estimated GDV of ₹14,100 crore.
• South-East Bengaluru: joint development for a 7.83-acre land parcel, potential GDV of over ₹1,100 crore, developable area 0.89 msft.
• Goregaon West, Mumbai: redevelopment rights for three residential societies across 4.68 acres, about 1.05 msft developable potential and estimated GDV of ₹2,600 crore.
• Greater Noida, Delhi-NCR: 13.44-acre land parcel, developable area 4.57 msft, GDV potential of ₹5,200 crore.

The additions take the company into Mumbai and Greater Noida alongside its Bengaluru base.

Launches

• Three new projects launched in Q2FY27 with combined developable area of 1.00 msft: Westend, Bengaluru 0.26 msft; Miami, Mumbai 0.08 msft; Equinox 6, Bengaluru 0.66 msft.
• Including the 0.13 msft phase launch at Emerald Bay (Tower B12), Pune in Q1FY27, total developable area launched in H1FY27 was 1.13 msft.

Commercial property sale completed

The sale of the company's commercial property, Purva Zentech, to an entity backed by ICICI Prudential AMC was completed on September 30, 2026. The transaction valued the asset at an enterprise value of ₹625.94 crore and was executed through the transfer of the company's entire shareholding in Purva Ruby Properties Private Limited.

Points to note

• Growth came on both counts: more area sold and a higher average price per sq. ft.
• Management commentary states the focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution, and on translating development potential into launches, sales and cash flows.
• The outlook section refers to the RBI's October 7, 2026 policy review, which raised the FY27 real GDP growth forecast to 7.1%, projected FY27 CPI inflation at 5.2%, and raised the policy repo rate by 25 basis points to 5.50%.

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