Mumbai, April 21 -- Bengaluru-based real estate firm Puravankara clocked Rs 39.37 billion in customer collections in FY25, up 9 per cent from Rs 36.09 billion in the previous fiscal. Q4 collections stood at Rs 9.46 billion, the company said in its operational update.
Pre-sales for the March quarter reached Rs 12.82 billion, taking total sales for the year to Rs 50 billion. Sustenance sales rose 22 per cent to Rs 42.23 billion, while average price realisation improved 10 per cent.
"We've achieved our highest-ever sustenance sales this year, led by strong absorption across ongoing projects," said Ashish Puravankara, MD of the company. "We continue to command a price premium, with a 10 per cent gain in average realisation and higher absorption."
The group invested over Rs 13 billion during the year to acquire around 8 million sq ft of land with a potential GDV exceeding Rs 130 billion.
It now has a 13 million sq ft launch pipeline for FY26-9 million sq ft of new projects and 4 million sq ft in new phases. About 5 million sq ft is in the final stages of approval and is likely to go live in the next two quarters.
Shares of Puravankara ended 0.93 per cent higher at Rs 228.50 on the BSE.
Published by HT Digital Content Services with permission from Construction World.