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Puravankara Ltd has reported a sharp increase in residential sales bookings, with pre-sales rising nearly threefold year-on-year to INR 3,547 crore in the final quarter of the last financial year. The Bengaluru-based developer also recorded a 55% increase in annual sales bookings to INR 7,407 crore. The performance reflects continued demand for housing across key urban markets. The company maintains a substantial development pipeline, with ongoing projects spanning 34 million sq ft and a land bank of 38 million sq ft across multiple cities. It noted that global uncertainties have had limited impact on the domestic residential segment so far, with potential effects linked to energy price movements.
Puravankara Ltd reported in recent days a significant increase in its residential sales performance, with pre-sales rising to INR 3,547 crore in the final quarter of the previous financial year, reflecting strong demand across its housing projects in multiple Indian cities. The company's quarterly sales bookings had stood at INR 1,225 crore in the corresponding period a year earlier. Advertisement
On an annual basis, the Bengaluru-based developer recorded total pre-sales of INR 7,407 crore for the 2025-26 financial year, marking a 55% increase compared to INR 4,783 crore in the preceding year. The growth in bookings indicates sustained buyer interest in residential properties despite broader global uncertainties.
The company's operational footprint spans several major urban markets, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. As of the end of the calendar year, Puravankara had completed more than 93 projects, accounting for a cumulative development of approximately 56 million sq ft.
In terms of future pipeline, the developer reported a total land bank of around 38 million sq ft, with ongoing projects covering approximately 34 million sq ft. This inventory provides visibility for continued project launches and execution over the medium term, supported by demand across both mid-income and premium housing segments.
Commenting on market conditions, the company indicated that recent geopolitical developments have introduced a degree of uncertainty in global markets. However, it suggested that the impact on India's residential real estate sector remains limited at present. It noted that any material effect would depend on the duration and intensity of such developments, particularly through channels such as energy prices, which influence construction costs and consumer sentiment.
The reported growth in pre-sales aligns with broader trends observed in India's housing market, where demand has remained relatively resilient, supported by urbanisation, income growth, and buyer preference for homeownership. Developers have continued to focus on execution and inventory monetisation, alongside selective land acquisitions to sustain future growth.
Puravankara's performance during the period reflects steady absorption across its portfolio, supported by its presence in established markets and ongoing project pipeline, even as external macroeconomic factors continue to be monitored by industry participants.
Source - PTI
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