Puravankara Expands Portfolio With Rs 139 Billion GDV in 9MFY26

16 Jan 2026 CW Team

Pre-sales for Q3FY26 rose 17 per cent year-on-year to Rs 14.14 billion, while customer collections increased 22 per cent to Rs 11.40 billion. The average price realisation improved by 12 per cent compared with the previous year, reflecting steady demand in the company’s core markets and a favourable sales mix.

For the first nine months of FY26, pre-sales stood at Rs 38.59 billion, up 9 per cent year-on-year, while collections grew 8 per cent to Rs 30.45 billion. Average realisation for the period increased 9 per cent to Rs 9,105 per sq ft, supported by sustained interest in mid- to premium housing segments.

During the quarter, the company handed over 1.23 million sq ft, delivering 1,116 homes and taking cumulative handovers for 9MFY26 to 2.58 million sq ft, or 2,446 homes. Total sales area in Q3FY26 was largely stable at 1.49 million sq ft, indicating consistent absorption despite a challenging macro backdrop.

In terms of portfolio expansion, Puravankara acquired a 53.5-acre land parcel in Attibele Hobli, Anekal Taluka, Bengaluru, with a potential GDV of about Rs 48 billion and a development intensity of 6.4 million sq ft. In Mumbai, the company secured a redevelopment project in Malabar Hill with an estimated GDV of around Rs 27 billion, covering 0.7 million sq ft of premium development. It also entered a joint development agreement for a 5.5-acre parcel in Balegere, East Bengaluru, with a combined potential GDV of over Rs 10 billion.

In Chembur, Mumbai, Puravankara was selected as the preferred developer for the redevelopment of eight residential societies, unlocking around 1.2 million sq ft of development potential across roughly four acres, with an estimated GDV of Rs 21 billion. In North Bengaluru, the company partnered with KVN Property Holdings LLP at KIADB Hardware Park on a 24.59-acre land parcel, offering 3.48 million sq ft of developable area and a potential GDV of more than Rs 33 billion.

New launches during 9MFY26 included the Purva Silversky project at Hebbagodi Village, Attibele Hobli, Anekal Taluka, Bengaluru, with a total saleable area of 0.77 million sq ft across 356 homes. Overall, the company launched 2.83 million sq ft during the nine-month period, including 2.05 million sq ft from new phases.

Looking ahead, the company expects residential demand to remain steady, supported by India’s resilient economic growth and sustained interest in well-located housing projects. With a disciplined execution strategy and a stronger land bank, Puravankara aims to maintain momentum in pre-sales and value creation across its priority markets.

Puravankara Limited reported a strong performance in the third quarter of FY26, underpinned by higher pre-sales, improved collections and a series of strategic acquisitions that lifted its growth outlook. During 9MFY26, the Bengaluru-based developer added projects with an estimated gross development value of around Rs 139 billion, strengthening its presence across key residential micro-markets in southern and western India. Pre-sales for Q3FY26 rose 17 per cent year-on-year to Rs 14.14 billion, while customer collections increased 22 per cent to Rs 11.40 billion. The average price realisation improved by 12 per cent compared with the previous year, reflecting steady demand in the company’s core markets and a favourable sales mix. For the first nine months of FY26, pre-sales stood at Rs 38.59 billion, up 9 per cent year-on-year, while collections grew 8 per cent to Rs 30.45 billion. Average realisation for the period increased 9 per cent to Rs 9,105 per sq ft, supported by sustained interest in mid- to premium housing segments. During the quarter, the company handed over 1.23 million sq ft, delivering 1,116 homes and taking cumulative handovers for 9MFY26 to 2.58 million sq ft, or 2,446 homes. Total sales area in Q3FY26 was largely stable at 1.49 million sq ft, indicating consistent absorption despite a challenging macro backdrop. In terms of portfolio expansion, Puravankara acquired a 53.5-acre land parcel in Attibele Hobli, Anekal Taluka, Bengaluru, with a potential GDV of about Rs 48 billion and a development intensity of 6.4 million sq ft. In Mumbai, the company secured a redevelopment project in Malabar Hill with an estimated GDV of around Rs 27 billion, covering 0.7 million sq ft of premium development. It also entered a joint development agreement for a 5.5-acre parcel in Balegere, East Bengaluru, with a combined potential GDV of over Rs 10 billion. In Chembur, Mumbai, Puravankara was selected as the preferred developer for the redevelopment of eight residential societies, unlocking around 1.2 million sq ft of development potential across roughly four acres, with an estimated GDV of Rs 21 billion. In North Bengaluru, the company partnered with KVN Property Holdings LLP at KIADB Hardware Park on a 24.59-acre land parcel, offering 3.48 million sq ft of developable area and a potential GDV of more than Rs 33 billion. New launches during 9MFY26 included the Purva Silversky project at Hebbagodi Village, Attibele Hobli, Anekal Taluka, Bengaluru, with a total saleable area of 0.77 million sq ft across 356 homes. Overall, the company launched 2.83 million sq ft during the nine-month period, including 2.05 million sq ft from new phases. Looking ahead, the company expects residential demand to remain steady, supported by India’s resilient economic growth and sustained interest in well-located housing projects. With a disciplined execution strategy and a stronger land bank, Puravankara aims to maintain momentum in pre-sales and value creation across its priority markets.

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