Puravankara's FY25 sales cross Rs 10B, collections up 9 per cent
Real Estate

Puravankara's FY25 sales cross Rs 10B, collections up 9 per cent

Bengaluru-based real estate firm Puravankara clocked Rs 39.37 billion in customer collections in FY25, up 9 per cent from Rs 36.09 billion in the previous fiscal. Q4 collections stood at Rs 9.46 billion, the company said in its operational update.

Pre-sales for the March quarter reached Rs 12.82 billion, taking total sales for the year to Rs 50 billion. Sustenance sales rose 22 per cent to Rs 42.23 billion, while average price realisation improved 10 per cent.

“We’ve achieved our highest-ever sustenance sales this year, led by strong absorption across ongoing projects,” said Ashish Puravankara, MD of the company. “We continue to command a price premium, with a 10 per cent gain in average realisation and higher absorption.”

The group invested over Rs 13 billion during the year to acquire around 8 million sq ft of land with a potential GDV exceeding Rs 130 billion.

It now has a 13 million sq ft launch pipeline for FY26—9 million sq ft of new projects and 4 million sq ft in new phases. About 5 million sq ft is in the final stages of approval and is likely to go live in the next two quarters.

Shares of Puravankara ended 0.93 per cent higher at Rs 228.50 on the BSE.

Bengaluru-based real estate firm Puravankara clocked Rs 39.37 billion in customer collections in FY25, up 9 per cent from Rs 36.09 billion in the previous fiscal. Q4 collections stood at Rs 9.46 billion, the company said in its operational update. Pre-sales for the March quarter reached Rs 12.82 billion, taking total sales for the year to Rs 50 billion. Sustenance sales rose 22 per cent to Rs 42.23 billion, while average price realisation improved 10 per cent. “We’ve achieved our highest-ever sustenance sales this year, led by strong absorption across ongoing projects,” said Ashish Puravankara, MD of the company. “We continue to command a price premium, with a 10 per cent gain in average realisation and higher absorption.” The group invested over Rs 13 billion during the year to acquire around 8 million sq ft of land with a potential GDV exceeding Rs 130 billion. It now has a 13 million sq ft launch pipeline for FY26—9 million sq ft of new projects and 4 million sq ft in new phases. About 5 million sq ft is in the final stages of approval and is likely to go live in the next two quarters. Shares of Puravankara ended 0.93 per cent higher at Rs 228.50 on the BSE.

Next Story
Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India’s semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Next Story
Real Estate

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai’s Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Next Story
Equipment

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.“The transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,” said Gerhard Pirnbacher, Head of Quality Management at Liebherr. “With an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?