Puravankara Ltd Achieves Remarkable Q1 2024 Sales of Rs 1,126 Crore

14 Aug 2023 CW Team

Ashish Puravankara, the Managing Director of Puravankara, commented on this accomplishment, highlighting the impressive growth in pre-sales for the quarter. The company's pre-sales for the quarter experienced a remarkable 119% year-on-year growth compared to the first quarter of the previous fiscal year.

Puravankara's positive sales trajectory is further supported by their strong pipeline of upcoming launches. The company's confidence in maintaining its pre-sales growth momentum is attributed to both the new projects being introduced and the consistent achievements in sustenance sales. The efficient and expedited execution of projects has contributed to a substantial 52% year-on-year increase in collections.

The company also emphasized its ongoing enhancement in business performance and cash flows, which will propel it towards additional growth through new acquisitions, aligned with its future objectives. As part of their expansion efforts, Puravankara unveiled a new project spanning 0.77 million square feet in Chennai during this quarter.

Notably, the average price realization for the company's properties saw an 11% rise to Rs 8,277 per square foot in the first quarter of the fiscal year 2024, compared to Rs 7,436 per square foot in the same period of the previous fiscal year. Additionally, the sales value witnessed a 12% increase, while collections improved by 5% compared to the immediate preceding quarter, Q4FY23.

Puravankara plans to develop 15 mn sq ft this year

Puravankara Ltd, a real estate company headquartered in Bengaluru, achieved robust sales results in the first quarter of the fiscal year 2024. According to the company's quarterly operational update, they attained a record-breaking sales value of Rs 11.26 billion during this quarter, marking the highest value for any quarter since the company's inception. This achievement reflects the company's persistent commitment to growth and its ongoing endeavors to capture a larger portion of the market.Ashish Puravankara, the Managing Director of Puravankara, commented on this accomplishment, highlighting the impressive growth in pre-sales for the quarter. The company's pre-sales for the quarter experienced a remarkable 119% year-on-year growth compared to the first quarter of the previous fiscal year.Puravankara's positive sales trajectory is further supported by their strong pipeline of upcoming launches. The company's confidence in maintaining its pre-sales growth momentum is attributed to both the new projects being introduced and the consistent achievements in sustenance sales. The efficient and expedited execution of projects has contributed to a substantial 52% year-on-year increase in collections.The company also emphasized its ongoing enhancement in business performance and cash flows, which will propel it towards additional growth through new acquisitions, aligned with its future objectives. As part of their expansion efforts, Puravankara unveiled a new project spanning 0.77 million square feet in Chennai during this quarter.Notably, the average price realization for the company's properties saw an 11% rise to Rs 8,277 per square foot in the first quarter of the fiscal year 2024, compared to Rs 7,436 per square foot in the same period of the previous fiscal year. Additionally, the sales value witnessed a 12% increase, while collections improved by 5% compared to the immediate preceding quarter, Q4FY23.See also: Puravankara launches Rs 750 cr fund for affordable housing projects Puravankara plans to develop 15 mn sq ft this year

Infrastructure Urban

05 Dec 2025

India–Indonesia Begin Joint Special Forces Drill in Himachal

The tenth edition of the India–Indonesia Joint Special Forces Exercise GARUDA SHAKTI has recently commenced at the Special Forces Training School in Bakloh, Himachal Pradesh. Scheduled from 3 to 12 December 2025, the exercise brings together elite Special Forces personnel from both nations for an intensive training engagement. India is represented by troops from the Parachute Regiment (Special Forces), while Indonesia has deployed members of its Special Forces contingent. The joint exercise is designed to enhance mutual understanding, operational cooperation and interoperability between the..

Infrastructure Urban

05 Dec 2025

Air Marshal Umesh Reviews Operations at Tughlakabad Depot

Air Marshal Yalla Umesh, Air Officer Commanding-in-Chief of Maintenance Command, visited the Base Repair Depot at Tughlakabad on 4 December 2025. He was accompanied by Mrs Sreevalli, President of the Air Force Families Welfare Association (Regional). They were welcomed by Air Commodore DN Sahu, Air Officer Commanding, Air Force Station Tughlakabad, along with Mrs Preeti Sahu, President AFFWA (Local).Upon arrival, the Air Marshal was accorded a Guard of Honour. He then received a detailed briefing on the Depot’s operations, ongoing initiatives, recent achievements and key innovations. During ..

Infrastructure Transport

05 Dec 2025

Vizag Opens 55-Metre Glass Skywalk at Kailasagiri

A 55-metre glass skywalk at Kailasagiri in Visakhapatnam was recently opened to the public, marking a new addition to the city’s tourism attractions. The structure was inaugurated by Visakhapatnam MP M. Sribharat in the presence of VMRDA Chairperson M.V. Pranav Gopal and MLA Velagapudi Ramakrishna. Developed by VMRDA for Rs 7 crore, the cantilevered walkway is built with 40 mm toughened German glass and offers visitors an elevated experience overlooking the Bay of Bengal and the Eastern Ghats. The bridge stands 1,020 feet above sea level and is designed to withstand wind speeds of up to 250..