Puravankara reports pre-sales of ₹5,006 crore in FY25, Real Estate News, ET RealEstate
NEW DELHI: Puravankara has reported pre-sales of ₹1,282 crore in the fourth quarter of the financial year 2024-25. Its total sales value for FY25 was at ₹5,006 crore.
The company’s collections were at ₹3,937 crore in FY25, reflecting a nine per cent year-on-year growth compared to ₹3,609 crore recorded in FY24. Collections for Q4 FY25 stood at ₹946 crore.
Sustenance sales were at ₹4,223 crore, growing by 22 per cent year-on-year, while the average price realisation increased by 10 per cent during the financial year.
Ashish Puravankara, managing director of the company said, “During FY25, Puravankara Group invested over ₹1,300 crore to secure land with total area of approximately eight million sq ft with estimated potential gross development value (GDV) of over ₹13,000 crore.”
The company launched a project in Thane, Mumbai, with a total development potential of three million sq ft, with an estimated GDV of ₹4,000 crore.
“In FY26, we have a strong launch pipeline of over 13 million sq ft, comprising nine million sq ft of new projects and four million sq ft of new phase launches. Projects with total area of five million sq ft are at advanced stages of securing approvals and expected to go live within the next two quarters,” said Puravankara.
The company is expecting occupancy certificates (OC) for projects with total area of 3.95 million sq ft with a combined GDV of over ₹3,200 crore in the upcoming financial year.
