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

21 Apr 2025 CW Team

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..