Puravankara532891Periodic business update

Q2 pre-sales up 62% YoY to ₹2,136 crore; ₹14,100 crore GDV pipeline added in H1FY27

Puravankara Q2FY27: pre-sales ₹2,136 crore, up 62% YoY; collections ₹1,301 crore, up 24%; sales area 1.83 msft, up 22%; realisation ₹11,651/sq ft, up 32%.

By ScoutQuest · Tue 13 Oct 2026, 11:20 AM IST · 3 min read

Q2FY27 Pre-sales: ₹2,136 crore, up 62% YoY
Q2FY27 Collections: ₹1,301 crore, up 24%
H1FY27 Pipeline Additions: 10.74 msft, GDV ₹14,100 crore

Quarterly performance

Puravankara reported pre-sales of ₹2,136 crore in Q2FY27, up 62% year-on-year from ₹1,322 crore in Q2FY26 and above the ₹1,439 crore reported in Q1FY27.

Customer collections: ₹1,301 crore, up 24% YoY from ₹1,047 crore in Q2FY26 (Q1FY27: ₹1,199 crore)
Sales area: 1.83 million square feet, up 22% YoY (Q2FY26: 1.50 msft; Q1FY27: 1.36 msft)
Average price realisation: ₹11,651 per sq. ft, up 32% YoY (Q2FY26: ₹8,814 per sq. ft; Q1FY27: ₹10,589 per sq. ft)

Pipeline additions

In Q2FY27 the company added 6.51 msft of potential developable area with an estimated GDV of ₹8,900 crore. That takes H1FY27 additions to 10.74 msft with an estimated GDV of ₹14,100 crore, across Bengaluru, Mumbai and Greater Noida. Q1FY27 additions accounted for 4.23 msft and ₹5,200 crore of estimated GDV.

Q2FY27 additions were

South-East Bengaluru: a joint development for a 7.83-acre land parcel with potential GDV of over ₹1,100 crore and 0.89 msft developable area
Goregaon West, Mumbai: redevelopment rights for three residential societies across 4.68 acres, with about 1.05 msft developable potential and estimated GDV of ₹2,600 crore
Greater Noida, Delhi-NCR: a 13.44-acre land parcel with 4.57 msft developable area and GDV potential of ₹5,200 crore, marking the company's entry into Delhi-NCR

Launches and handovers

Three new projects were launched in Q2FY27 with a combined developable area of 1.00 msft: Westend, Bengaluru (0.26 msft), Miami, Mumbai (0.08 msft) and 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. Project completions in Q2FY27 were 0.41 msft at One Park Avenue, Mumbai, made up of Avenue 1 (Panorama) at 0.26 msft and Avenue 6 (Panorama) at 0.15 msft. Total completions for H1FY27 were 2.13 msft. Customer handovers in Q2FY27 totalled 0.97 msft across 977 homes, taking H1FY27 handovers to 1.92 msft across 1,722 homes.

Commercial property sale completed

The sale of the commercial property Purva Zentech to an entity backed by ICICI Prudential AMC was completed on September 30, 2026. The transaction values 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. A definitive agreement for this transaction was executed in Q1FY27.

Macro backdrop cited in the release

The release refers to the Reserve Bank of India's October 7, 2026 policy review, which raised its 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%, shifting its stance to calibrated tightening.

What the update covers

This is a quarterly operational update covering bookings (pre-sales), collections, sales area, price realisation, launches, completions, handovers and land or development additions, along with the completion of the Purva Zentech sale. The Managing Director's comments state the focus is on scaling the business with discipline in pricing, capital deployment and execution, and on translating the development potential into launches, sales and cash flows. As of June 30, 2026, the company states it has completed 97 projects totalling approximately 59 msft across nine cities, a total land bank of approximately 40 msft and ongoing projects of 35.14 msft.

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