7 months ago
Puravankara Expands Portfolio with Rs 13,900 Crore Acquisitions
Puravankara Limited, a big real estate company in India, recently shared its progress.
In the last nine months, they added a lot of new land for building, worth about Rs 13,900 crores.
They bought land in places like Bengaluru and Mumbai.
In the third quarter, they sold properties worth Rs 1,414 crores, which is 17% more than last year.
They also gave 1,116 new homes to their customers.
The company is doing well and plans to keep growing in areas where people want to live and work.
Puravankara reported pre-sales of Rs 1,414 crores in Q3FY26, a 17% YoY growth.
The company added 12.76 msft of potential developable area with an estimated GDV of Rs 13,900 crores in 9MFY26.
Key acquisitions include a 53.5-acre land parcel in Anekal Taluk, Bengaluru, and redevelopment projects in Malabar Hill and Chembur, Mumbai.
Puravankara handed over 1,116 homes in Q3FY26, bringing the cumulative handover for 9MFY26 to 2,446 homes.
India's GDP growth was 8.2% YoY in Q2 FY26, with residential housing demand moderating but commercial real estate remaining resilient.
- Who
- Puravankara Limited, an Indian real estate developer
- What
- Expanded portfolio with new acquisitions and reported Q3FY26 performance
- Where
- Bengaluru and Mumbai, India
- When
- Q3FY26 and 9MFY26
- Why
- To strategically expand in high-demand micro-markets and create value
Key facts
- Pre-sales (Q3FY26)
- Rs 1,414 crores
- Customer collections (Q3FY26)
- Rs 1,140 crores
- Potential developable area acquired
- 12.76 msft
- Estimated GDV of acquisitions
- Rs 13,900 crores
- New launches (9M FY26)
- 2.83 msft
- Handover in 9MFY26
- 2.58 msft (2,446 homes)
- India's GDP growth (Q2 FY26)
- 8.2% YoY
- RBI's FY26 growth outlook
- 7.3%
Quotes
Lodha Developers
A real estate firm based in Mumbai
“Even with significant investments in business development over the first nine months of this fiscal year, our net debt stood at Rs 61.7 billion, well below our ceiling of 0.5x net debt to equity”
thehansindia.com
