Puravankara H1FY24 Sale Value At Rs 2,725 crores

New Delhi: Puravankara Limited, recorded a sale value of Rs 1,600 crores for Q2FY24. This is the highest-ever for any quarter since inception, a 102 per cent increase, compared to Rs 791 crores of sale value in Q2FY23. 

Sale value for H1FY24 stood at Rs 2,725 crores up 109 per cent as compared to Rs 1,304 crores in H1FY23.

Commenting on the update, Ashish Puravankara, Managing Director, Puravankara Limited, said, “For the second quarter of FY24, pre-sales have increased more than twofold, showing a remarkable growth of 102 per cent compared to the same period last year.

With a robust pipeline of upcoming project launches, we are confident that we will sustain the momentum of pre-sales growth. These new launches are complemented by noteworthy achievements in sustenance sales, supported by efficient and swift execution, resulting in a 70 per cent year-on-year increase in collections.

As we embark on the path of driving incremental growth, our focus on new acquisitions is a key element of our expansion strategy. By strategically identifying and integrating businesses that complement our strengths and objectives, we aim to diversify our portfolio, enter new markets, and capitalise on emerging trends. We are confident to maintain the sturdy growth in pre-sales driven by new launches as well as sustenance projects.”

Other Key Sales Highlights 

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• Customer collections from the real estate business increased to Rs 879 crores in Q2FY24 in comparison to the customer collection of Rs 518 crores in Q2FY23, which implies a jump of 70 per cent Y-o-Y. 

• Average price realisation increased by 7 per cent to Rs 7,947/sft during Q2FY24 from Rs 7,419/sft in Q2FY23.

• Launched 1 new project and 2 new phases in this quarter:

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