Puravankara Powers Up with Record-breaking Pre-Sales Collections in FY25

One of the most reputable real estate companies in India, Puravankara Ltd., announced a good FY25, with customer collections of Rs.3,937 crores, a 9% increase over FY24's Rs.3,609 crores. The entire sales value for FY25 was Rs. 5,006 crores, with Q4FY25 revenues of Rs. 946 crores and pre-sales of Rs. 1,282 crores for the quarter. Sustenance sales surged by 22% YoY to Rs.4,223 crores, with average price realisation rising 10% to ₹8,830/sq. ft. from ₹8,035/sq. ft. in FY24. Puravankara strengthened its long-term expansion strategy in FY25 by making its largest-ever annual land acquisition investment, spending over Rs. 1,300 crores to purchase almost 8 million square feet of land with an anticipated Gross Development Value (GDV) of over Rs. 13,000 crores.

Commenting on the company's performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, “We are pleased to report a 9% YoY growth in collections, reaching Rs.3,937 crore in FY25, a testament to our operational efficiency. Our pre-sales for the year stood at Rs.5,006 crores in FY25. We have achieved the highest-ever sustenance sales this year, growing by 22% y-o-y, driven by strong absorption in ongoing projects. Puravankara Group continues to command a price premium and has achieved 10% increase in average price realization along with increased absorption during the year.

One of the year's major launches was "Purva Panorama" in Thane, Mumbai, which began with Tower C (0.52 million sq. ft.) and had a total development potential of 3 million sq. ft. with an estimated GDV of Rs 4,000 crores. Puravankara has a strong launch pipeline for FY26 of over 13 million square feet, which includes 4 million square feet in new phases and 9 million square feet in new projects. Of these, almost 5 million square feet are awaiting final approval and should open within the next two quarters. In order to maintain momentum, the group also expects to receive Occupancy Certificates for 3.95 million square feet of developments in FY26, with a total GDV of Rs.3,200 crores.