Puravankara , a prominent Indian real estate developer, has reported a 4% year-on-year growth in pre-sales for Q2 FY26, reaching ₹1,322.00 crores. The company's latest operational update reveals significant strides in both financial performance and portfolio expansion.

Q2 FY26 Performance Highlights

The company achieved a sales volume of 1.50 million square feet in Q2 FY26, with the average realization per square foot increasing by 7% to ₹8,814.00. Customer collections saw a notable 8% year-on-year growth, reaching ₹1,047.00 crores for the quarter.

H1 FY26 Performance and Portfolio Expansion

For the first half of FY26, Puravankara reported:

• Pre-sales of ₹2,445.00 crores, up 4% year-on-year
• Sales volume of 2.75 million sq ft
• Average realization of ₹8,891.00 per sq ft, an 8% year-on-year increase
• Customer collections of ₹1,904.00 crores, a 1% year-on-year growth

A significant highlight of H1 FY26 was Puravankara's portfolio expansion. The company added over 6.36 million square feet of potential developable area with an estimated Gross Development Value (GDV) of approximately ₹9,100.00 crores. This expansion includes strategic acquisitions and partnerships across Mumbai and Bengaluru.

Key Acquisitions and Partnerships

1. KIADB Hardware Park, North Bengaluru: Partnered for a 24.59-acre land parcel with 3.48 million sq ft developable area and a potential GDV of over ₹3,300.00 crores.

2. Chembur, Mumbai: Selected as the preferred developer for redeveloping eight residential societies, unlocking over 1.2 million sq ft of development potential with an estimated GDV of ₹2,100.00 crores.

3. Balegere, East Bengaluru: Entered a joint development for a 5.5-acre land parcel with a combined potential GDV of over ₹1,000.00 crores.

4. Malabar Hill, Mumbai: Secured a prestigious redevelopment project with a GDV potential of ~₹2,700.00 crores, offering 0.7 million square feet of premium development.

Ashish Puravankara, Managing Director of Puravankara Limited, commented on the company's performance, stating, "In Q2 FY26, we sustained the growth momentum, driven entirely by sustenance sales. This performance underscores the continued trust of our customers and the strength of our brand across markets."

The company's focus remains on disciplined execution and value creation through strategic expansion in high-demand micro-markets. With India's macro picture showing renewed strength and the RBI raising its FY26 growth projection to 6.8%, Puravankara is well-positioned to benefit from current real estate tailwinds.

As of June 30, 2025, Puravankara has completed 92 projects measuring ~54 million sq ft across nine cities, with a total land bank of ~30 million sq ft and ongoing projects adding up to 35.75 million sq ft.

The real estate sector in India continues to show resilience, with residential demand growing ~1% year-on-year in Q3 CY25, driven by the ₹1–2 crore segment. Puravankara's strategic acquisitions and consistent performance indicate its readiness to capitalize on these market trends.

Puravankara Limited , a prominent player in the real estate sector, has announced a significant change in its top financial leadership. The company has disclosed that Deepak Rastogi will step down from his position as Group CFO and Key Managerial Personnel, effective September 23, 2025. In a strategic move, Niraj Kumar Gautam, currently serving as Deputy CFO, will be elevated to the role of CFO and Key Managerial Personnel, starting September 24, 2025.

Resignation of Deepak Rastogi

According to the company's filing with the stock exchanges, Deepak Rastogi has tendered his resignation citing personal reasons. In his resignation letter, Rastogi expressed gratitude for the opportunity to serve Puravankara and wished the organization continued success and growth in the future. His tenure as Group CFO will conclude at the close of business hours on September 23, 2025.

Niraj Kumar Gautam's Elevation

Niraj Kumar Gautam, set to take over as the new CFO, brings a wealth of experience to the role. With over 23 years in the industry, Gautam has established himself as a strategic finance leader with expertise in corporate finance, capital markets, taxation, and investor relations. His appointment is subject to approval from the Nomination and Remuneration Committee and the Board of Directors of Puravankara Limited.

Impressive Track Record

Gautam's credentials are particularly noteworthy in the context of Puravankara's operations in the real estate and infrastructure sectors. The company highlighted his significant achievements, including:

• Successfully leading capital raising efforts exceeding INR 15,000.00 crore
• Optimizing financial strategies
• Driving business growth in the real estate and infrastructure sector

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Looking Ahead

This transition in the financial leadership of Puravankara Limited comes at a time when the real estate sector in India is navigating through various challenges and opportunities. The extensive experience and proven track record of Niraj Kumar Gautam in capital raising and financial strategy could play a crucial role in steering the company's financial direction in the coming years.

As Puravankara Limited prepares for this transition, stakeholders will be keenly watching how the new CFO's expertise will contribute to the company's financial health and strategic growth initiatives in the competitive real estate market.