Crime Today News
Ashish Puravankara, Managing Director, Puravankara
Bengaluru-based realty developer Puravankara has reported an increase in customer collections by 9 per cent year-on-year to ₹3,937 crore in FY25, compared to ₹3,609 crore in FY24. Collections for Q4FY25 stood at ₹946 crore, according to its operational update.
The pre-sales for Q4FY25 stood at ₹1,282 crore, bringing the total sales value for FY25 to ₹5,006 crore. Sustenance sales at ₹4,223 crore, grew 22 per cent, while the average price realisation increased 10 per cent during the financial year.
Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara, said, “We have achieved the highest-ever sustenance sales this year, growing 22 per cent, driven by strong absorption in ongoing projects. Puravankara Group continues to command a price premium and has achieved 10 per cent increase in average price realisation along with increased absorption during the year.”
Project pipeline
During FY25, Puravankara Group invested over ₹1,300 crore to secure land with total area of about 8 million sq ft with estimated potential GDV of over ₹13,000 crore.
The company has a pipeline of over 13 million sq ft, comprising 9 million sq ft of new projects and 4 million sq ft of new phase launches for FY26. Projects with a total area of 5 million sq ft are at advanced stages of approvals and expected to go live within the next two quarters, it said.
The shares of Puravankara closed at ₹228.50, up 0.93 per cent on the BSE.
Published on April 16, 2025
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