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Puravankara Retains ₹11,200 Crore Sales Target Despite Delays
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CNBC TV18•13-10-2026, 15:18
Puravankara Retains ₹11,200 Crore Sales Target Despite Delays
- •Puravankara is maintaining its FY27 pre-sales target of ₹11,200 crore despite falling short of its first-half internal target by about ₹1,000 crore.
- •CEO Mallanna Sasalu stated that delayed project approvals in Bengaluru are beginning to come through, which will help make up the shortfall.
- •The real estate developer reported pre-sales of ₹2,136 crore for the July-September quarter, marking a 62% increase compared to the previous year.
- •Puravankara plans to launch over six new projects in Bengaluru during the current quarter to significantly boost sales.
- •The company is expanding its project pipeline with recent developments in Mumbai, Greater Noida, and North Bengaluru.
Key Questions Answered
Puravankara is maintaining its FY27 pre-sales guidance at ₹11,200 crore, expecting pending project approvals in Bengaluru to help recover a ₹1,000 crore shortfall from the first half of the financial year.
In the July-September 2026 quarter, Puravankara recorded pre-sales of ₹2,136 crore, marking a 62% increase year-on-year, while customer collections rose 24% to ₹1,301 crore and average price realization grew to ₹11,651 per square foot.
Puravankara recently signed a 4.68-acre project in Goregaon West, Mumbai, with an estimated gross development value of ₹2,600 crore, and is developing a 13.44-acre project in Greater Noida with an estimated GDV of ₹5,200 crore.
