Puravankara Limited has delivered a robust operational performance in Q1 FY27, reporting significant growth across key business metrics. The company recorded a 28% year-over-year increase in pre-sales to ₹1,439 crore, underscoring sustained demand for its residential offerings. Collections also witnessed a sharp 40% rise during the same period to ₹1,199 crore, reflecting improved cash flow generation from ongoing and completed projects. The company has expressed optimism about its growth trajectory, backed by strong launch plans, responsible financial management, and rising average prices observed during the quarter.

Key Performance Highlights

The following table summarises Puravankara's key operational metrics for Q1 FY27:

Strategic Asset Sale

Puravankara entered into a definitive agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech. The transaction values the asset at an enterprise value of ₹625.94 crore. Of the total consideration, ₹145 crore will be received through the sale of shares of the SPV, while the balance will be realised through agreed balance sheet adjustments in accordance with the transaction structure.

Pipeline Expansion

In addition to its sales and collections performance, Puravankara added ₹5,200 crore in Gross Development Value to its pipeline during Q1 FY27 through four land transactions spanning approximately 41.93 acres. The company secured land parcels in Sarjapura, Doddagubbi, Sanna Ammanikere, and Mandur, with a cumulative development potential of around 4.23 msft.

Outlook

Puravankara remains optimistic about its growth prospects, supported by strong launch plans and a disciplined approach to financial management. Rising average prices observed during Q1 FY27 further reinforce the company's confidence in the sustained momentum of its real estate business. The company is firmly on track to achieve its FY 2026–27 sales guidance of ₹11,200 crore across the Southern and Western regions.

Puravankara Limited has completed the sale of its entire 100% stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for an estimated consideration of ₹145 crore. The transaction, finalized on July 06, 2026, involves the company's wholly-owned subsidiary and is not classified as a related party transaction. The buyer is a company owned by ICICI Prudential Office Yield Optimiser Fund – AIF II, a category II Alternative Investment Fund managed by ICICI Prudential Asset Management Company Limited.

The Share Purchase Agreement (SPA) was signed on June 30, 2026, with the completion of connected documents occurring on July 06, 2026. The sale was executed outside a Scheme of Arrangement, and shareholder approval was not required as Purva Ruby Properties Private Limited does not qualify as an undertaking under Section 180(1)(a) of the Companies Act 2013. The company confirmed compliance with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial disclosures regarding the subsidiary indicate that Purva Ruby Properties Private Limited recorded a turnover of ₹25,38,89,035 during the last financial year. This represented a 1.06% contribution to the total turnover of Puravankara Limited, which stood at ₹2399,01,37,354. The net worth of the subsidiary was reported as negative, resulting in no contribution to the parent company's net worth.

Transaction Details

The interim update was submitted to the stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sudip Chatterjee, Company Secretary & Compliance Officer of Puravankara Limited, signed the disclosure.