Puravankara Reports 28% Revenue Growth in Q2 FY26 at Rs 663 Crore

12 Nov 2025 CW Team

For Q2 FY26, the company achieved total revenue of Rs 6630 billion, marking a 28 per cent year-on-year increase. Sales stood at Rs 13.22 billion, up 4 per cent year-on-year, with a sales volume of 1.5 million sq ft. Average realisation improved by 7 per cent to Rs 88.14 per sq ft, while customer collections grew 8 per cent to Rs 10.47 billion during the quarter.

Despite the robust operational performance, the company reported a net loss of Rs 420 million for the quarter, largely on account of project expenditure and expansion-related costs.

In the first half of FY26, Puravankara strengthened its business pipeline with new acquisitions amounting to Rs 91 billion in Gross Development Value (GDV). The developer continues to focus on expanding its footprint in key housing markets through strategic land acquisitions and disciplined capital management.

Ashish Puravankara, Managing Director, Puravankara Limited, said, “In Q2FY26, we sustained strong growth momentum driven entirely by sustenance sales, achieving pre-sales of Rs 13.22 billion and collections of Rs 10.47 billion, both increasing year on year. In the first half of the year, we strengthened our development pipeline by adding over 6.36 million sq. ft. of potential developable area with an estimated GDV of Rs 91 billion. This includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill, and strategic partnerships in North and East Bengaluru, reflecting our focus on expanding in high-demand micro-markets through disciplined capital allocation.

With regulatory clarity now in place following the recent bye-law revisions, we are poised to accelerate our launch pipeline of 12.67 million sq. ft over the next 3 quarters, including a landmark project in Bengaluru spanning 3.48 million sq. ft at KIADB Hardware Park and a redevelopment project in Andheri Lokhandwala, both scheduled for launch in January 2026. Most of our upcoming projects are in the final stages of approval, positioning us well to deliver on our growth plans. While handovers and sales in the first half were marginally impacted by regulatory transitions such as e-Khata implementation and bye-law changes, we remain confident of achieving our targeted handovers in the next two quarters through focused execution and strong operational preparedness.”

Puravankara Limited, one of India’s leading and most trusted real estate developers, announced its financial results for the second quarter and half-year ended 30 September 2025, reporting strong operational performance and a growing development pipeline.For Q2 FY26, the company achieved total revenue of Rs 6630 billion, marking a 28 per cent year-on-year increase. Sales stood at Rs 13.22 billion, up 4 per cent year-on-year, with a sales volume of 1.5 million sq ft. Average realisation improved by 7 per cent to Rs 88.14 per sq ft, while customer collections grew 8 per cent to Rs 10.47 billion during the quarter.Despite the robust operational performance, the company reported a net loss of Rs 420 million for the quarter, largely on account of project expenditure and expansion-related costs.In the first half of FY26, Puravankara strengthened its business pipeline with new acquisitions amounting to Rs 91 billion in Gross Development Value (GDV). The developer continues to focus on expanding its footprint in key housing markets through strategic land acquisitions and disciplined capital management.Ashish Puravankara, Managing Director, Puravankara Limited, said, “In Q2FY26, we sustained strong growth momentum driven entirely by sustenance sales, achieving pre-sales of Rs 13.22 billion and collections of Rs 10.47 billion, both increasing year on year. In the first half of the year, we strengthened our development pipeline by adding over 6.36 million sq. ft. of potential developable area with an estimated GDV of Rs 91 billion. This includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill, and strategic partnerships in North and East Bengaluru, reflecting our focus on expanding in high-demand micro-markets through disciplined capital allocation. With regulatory clarity now in place following the recent bye-law revisions, we are poised to accelerate our launch pipeline of 12.67 million sq. ft over the next 3 quarters, including a landmark project in Bengaluru spanning 3.48 million sq. ft at KIADB Hardware Park and a redevelopment project in Andheri Lokhandwala, both scheduled for launch in January 2026. Most of our upcoming projects are in the final stages of approval, positioning us well to deliver on our growth plans. While handovers and sales in the first half were marginally impacted by regulatory transitions such as e-Khata implementation and bye-law changes, we remain confident of achieving our targeted handovers in the next two quarters through focused execution and strong operational preparedness.”

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

Infrastructure Transport

05 Dec 2025

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

Infrastructure Urban

05 Dec 2025

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..