Puravankara Limited reported pre-sales of ₹2,136 crore in Q2FY27, marking a 62% year-on-year increase from ₹1,322 crore in the corresponding quarter last year. Customer collections rose 24% to ₹1,301 crore, reflecting strong demand across its key markets.

The real estate developer added ₹8,900 crore in estimated Gross Development Value (GDV) during the quarter, bringing the total H1FY27 pipeline additions to ₹14,100 crore. This expansion spans Bengaluru, Mumbai, and Greater Noida, supporting the company’s strategy of scaling while maintaining pricing discipline.

Performance metrics

The company saw significant improvement in both volume and price realisation. Sales area grew 22% YoY to 1.83 million sq ft, while average price realisation improved 32% to ₹11,651 per sq ft.

During the quarter, Puravankara handed over 977 homes totalling 0.97 msft. Cumulative handovers for H1FY27 reached 1,722 homes spanning 1.92 msft. The company also completed the sale of its commercial asset, Purva Zentech, for an enterprise value of ₹625.94 crore.

Pipeline expansion and launches

Puravankara secured new projects with a cumulative development potential of 10.74 msft in H1FY27. Key additions in Q2FY27 include:

• Greater Noida: Entered Delhi-NCR with a 13.44-acre parcel offering 4.57 msft developable area and ₹5,200 crore GDV potential.
• Mumbai: Secured redevelopment rights in Goregaon West for 1.05 msft potential and ₹2,600 crore GDV.
• Bengaluru: Joint development in South-East Bengaluru with 0.89 msft potential and over ₹1,100 crore GDV.

In terms of supply, the company launched three new projects in Q2FY27 with a combined developable area of 1.00 msft, including Westend in Bengaluru and Miami in Mumbai.

What the numbers show

A divergence between sales growth and collection growth highlights a shift in revenue quality. While pre-sales surged 62%, collections grew only 24%. However, the 32% jump in average price realisation to ₹11,651 per sq ft suggests that the company is successfully selling higher-value inventory or launching premium projects, which typically have longer collection cycles compared to affordable housing. The addition of ₹14,100 crore GDV in just six months indicates an aggressive expansion phase, particularly with the entry into Greater Noida.

Puravankara Limited has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of ₹2,500 crore.

The proposed development will have a saleable area of approximately 1.90 million square feet (msft), adding to the company's residential development pipeline in Bengaluru.

Key details of the Sathanur JDA

The following table summarises the key parameters of the newly signed JDA:

Ashish Puravankara, Managing Director, Puravankara Limited, said, "Our focus remains on strengthening Puravankara's development pipeline through strategic land additions that offer scale, strong market potential and visibility for future growth. The Sathanur JDA, with an estimated GDV of ₹2,500 crore, is another step in this direction. We continue to evaluate opportunities across key markets with a disciplined approach to capital allocation, ensuring that each investment contributes to building a stronger and more sustainable portfolio."

Mallanna Sasalu, CEO-South, Puravankara Limited, added, "The 12.76-acre land parcel at Sathanur offers us an opportunity to develop a sizeable residential project with approximately 1.90 million square feet of saleable area. Bengaluru continues to see healthy end-user demand. Our priority will be to translate this opportunity into a well-planned development that meets evolving homebuyer expectations, with a clear focus on product quality, timely approvals and efficient execution."

FY27 business development highlights

With the Sathanur JDA, Puravankara's business development additions for FY27 so far comprise eight projects with a combined development potential of around 12.64 msft across Bengaluru, Mumbai and Delhi-NCR, and a total potential GDV of ₹16,600 crore. The table below details the geographic breakdown:

About Puravankara Limited

The Puravankara Group is headquartered in Bengaluru with a pan-India presence. As of June 30, 2026, the company has completed 97 projects totalling approximately 59 msft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is approximately 40 msft, and ongoing projects total 35.14 msft. The group also has a presence of approximately 3 msft in Grade A commercial real estate.