Puravankara Q3FY26 Pre-Sales Rise 17% to Rs 14.14 Billion

20 Jan 2026 CW Team

Puravankara Limited reported pre-sales of Rs 14.14 billion in Q3FY26, registering a 17 per cent year-on-year growth. Average price realisation improved 12 per cent YoY, while customer collections rose 22 per cent to Rs 11.4 billion, reflecting steady demand across key markets. During 9MFY26, the company expanded its development pipeline by adding over 12.76 msft of potential developable area with an estimated gross development value (GDV) of around Rs 139 billion. The additions include large land acquisitions and redevelopment projects across Bengaluru and Mumbai. In Q3FY26, Puravankara launched Purva Silversky at Anekal Taluk, Bengaluru, comprising 356 homes across 3, 4 and 5 BHK configurations with a saleable area of 77300 sq ft. Total launches during 9MFY26 stood at 2.83 msft, including new phase additions of 2.05 msft. Business development activity during the period spanned strategic acquisitions in Anekal Taluk, redevelopment projects at Malabar Hill and Chembur in Mumbai, joint development at Balegere in East Bengaluru, and a partnership at KIADB Hardware Park in North Bengaluru, together adding significant GDV potential. Despite moderation in residential housing demand during Q3FY26, commercial real estate activity remained resilient, with Bengaluru, Mumbai and Delhi-NCR continuing to lead office leasing absorption.

“In 9MFY26, we made significant progress in expanding our portfolio, adding over 12.76 msft of potential developable area with an estimated GDV of approximately Rs 139 billion In Q3FY26, we continued the growth momentum, driven substantially by sustenance sales, achieving pre-sales of Rs 14.14 billion and collections of Rs 11.4 billion,” said Ashish Puravankara, Managing Director, Puravankara Limited.

Infrastructure Urban

20 Jan 2026

NBCC Wins Rs 550m IOB Office Project In Raipur

State-owned construction major NBCC India Ltd has secured a new domestic work order worth around Rs 550.2 million from Indian Overseas Bank (IOB) in the normal course of business, according to a regulatory filing. The project involves planning, designing, execution and handover of IOB’s new Regional Office building at Raipur. The contract has been awarded under NBCC’s project management consultancy (PMC) operations and excludes GST. NBCC said the order further strengthens its construction and infrastructure portfolio. The company clarified that the contract is not a related party transac..

Krystal Wins Rs 2.75bn Vasai–Virar Waste Deals

Krystal Integrated Services Ltd has secured three major municipal solid waste management contracts from the Vasai–Virar City Municipal Corporation (VVCMC) valued at around Rs 2.75 billion. The contracts will run for five years, along with a three-month preparatory phase. The mandates cover end-to-end sanitation services in compliance with the Solid Waste Management Rules, 2016. Krystal will undertake door-to-door waste collection, segregation and transportation, street sweeping and cleaning of public areas across residential, commercial, institutional and notified zones in the three wards. ..

Salasar Bags Rs 687m GIS Substation In Puducherry

Salasar Techno Engineering has secured a Rs 686.7 million Gas Insulated Substation (GIS) project from Power Grid Corporation of India for the Puducherry Electricity Department (PED). Awarded in December 2025, the contract covers design, engineering, supply, erection, testing and commissioning of a 110/22 kV GIS substation at Lawspet, Puducherry. The project is aimed at strengthening regional power distribution, improving grid reliability and supporting future demand arising from urban and economic expansion. Shashank Agarwal, Managing Director of Salasar Techno Engineering, said the order ma..