NSEGeneral Updates13 Jul 2026 · 13 Jul 2026, 11:53 am
General Updates
Puravankara Limited · PURVA
✦ AI Summary▲ PositiveResults
Puravankara Limited reported a 28% YoY growth in pre-sales and a 40% YoY increase in collections for Q1 FY27, with a cumulative GDV of ₹5,200 crore from four land transactions.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Puravankara Limited has informed the Exchange about the Operational update for Q1 FY27
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Date: 13.07.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Operational Update for the quarter ended June 30, 2026
Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We have enclosed herewith a statement captioned: “Puravankara Reports 28% YoY Growth in Pre
Sales; Collections Surge 40%; Adds ₹5,200 Crore GDV Pipeline in Q1 FY27” containing an update on the
operations of Puravankara Limited for the quarter ended June 30, 2026.
This is for your information and records.
Thank you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
Membership No.: F11373
July 13, 2026
Puravankara Reports 28% YoY Growth in Pre Sales; Collections Surge 40%;
Adds ₹5,200 Crore GDV Pipeline in Q1 FY27
Bengaluru, India: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and
admired real estate developers, reported pre-sales of ₹1,439 crore in Q1FY27, marking a 28% YoY
growth. Collections rose 40% year-on-year (YoY) to ₹1,199 crore, reflecting sustained customer
confidence and strong execution of delivery timelines. Sales area for the quarter stood at 1.36 million
square feet (msft), a 9% increase over the same period last year, while average price realisation
improved 18% YoY to ₹10,589 per sq ft. During the quarter, Puravankara handed over 0.94 msft,
delivering 745 homes.
Further, we have entered into a definitive agreement with ICICI Prudential AMC for the sale of our
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.
Commenting on the company's performance, Ashish Puravankara, Managing Director,
Puravankara Ltd., said, “Q1 FY27 marks a strong start to the year and reaffirms the resilience and
depth of our business strategy. Sales value grew, and we saw a corresponding improvement in
collections. The 18% YoY increase in average price realisation is a clear indication that our strategic
shift towards premiumisation and well-located, high-quality developments is translating into tangible
value for both our customers and shareholders.
We also remained active on the business development front, announcing four land transactions
during the quarter with a cumulative Gross Development Value (GDV) of ₹5,200 crore. These
additions strengthen our project pipeline and support our objective of sustaining long-term, profitable
growth.
With this strong start to the year, we remain firmly on track to achieve our FY 2026–27 sales
guidance of ₹11,200 crore across the Southern and Western regions, and we are confident of building
on this momentum through the remainder of the year."
Business Development for Q1 FY27
In Q1 FY27, Puravankara announced four land transactions spanning approximately 41.93 acres, with
a cumulative development potential of around 4.23 msft and a total estimated GDV of ₹5,200 crore.
• Sarjapura, Bengaluru: Entered into a joint development agreement for a 6.4-acre land
parcel with a potential GDV of over ₹1,000 crore and saleable area of 0.8 msft.
• Doddagubbi, North Bengaluru: Entered into a joint development agreement for an 11.23-
acre land parcel with a potential GDV of over ₹1,100 crore and saleable area of 0.74 msft.
• Sanna Ammanikere, North Bengaluru: Acquired a 9.73-acre land parcel in the fast-
developing airport corridor, with a GDV potential of approximately ₹800 crore, with a saleable
area of 0.89 msft.
• Mandur, Bengaluru: Secured a 14.57-acre land parcel with a GDV of ₹2,300 crore, offering
1.8 msft of development potential.
Outlook
India's real estate sector continues to show resilience even as the broader economy navigates a more
cautious growth environment. The Reserve Bank of India's June 2026 policy review held the repo rate
steady at 5.25%, while moderating its FY27 GDP growth forecast to 6.6% amid elevated inflation
projections of 5.1%. A stable rate environment, combined with steady office leasing demand from IT,
BFSI, and GCC occupiers, continues to support healthy residential absorption in the premium
segment.
With a robust launch pipeline, disciplined balance sheet management, and increasing average price
realisation reflected in Q1FY27, Puravankara remains confident of sustaining its growth trajectory and
delivering on its FY27 guidance.
About Puravankara Limited
The Puravankara Group is one of India's most trusted realty majors, headquartered in Bengaluru with
a pan-India presence. Over the past five decades, the company has been catering to the entire
spectrum of housing and plotted development needs. Additionally, Starworth Infrastructure and
Construction Limited (SICL), a wholly-owned subsidiary of Puravankara, focuses on technology-
enabled construction solutions. The group has also forayed into developing Grade A commercial real
estate, with a presence of ~3 msft, and is rapidly expanding its footprint. Additionally, the interior
design arm, Purva Streaks, caters to customers looking for an integrated interior design solution.
As of March 31, 2026, Puravankara has completed 95 projects totalling ~57 msft across nine cities:
Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The
company's total land bank is ~40 msft, and ongoing projects add up to 36.69 msft.
For more information, please contact:
Abhinav Kanchan 9741773269 Abhinav.k@puravankara.com
Avinash Bhat 9986646059 Avinash.bhat@puravankara.com
Nikunj Joshi 9901124273 Nikunj.j@puravankara.com