News
Puravankara Pre-Sales at ₹1,265 Cr in Q3FY25, Collections Up 6% YoY


New Delhi, January 13, 2025: Real estate developer Puravankara Limited has recorded sales of ₹1,265 crores for Q3FY25 vs ₹1,241 crores in Q3FY24, up by 2 per cent. The company also achieved a sale value of ₹3,724 crore in 9MFY25.
Customer collections reached ₹993 crore in Q3FY25 compared to ₹941 crore in Q3FY24, up 6 per cent Y-o-Y. For 9MFY25, customer collections increased to ₹2,991 crore, up by 19 per cent compared to ₹2,515 crore for 9MFY24.


Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, “The growth in collections is a clear reflection of our strong operational efficiency. In 9MFY25, we achieved collections of ₹2,991 crore, a 19 per cent Y-o-Y increase, with ₹993 crore in Q3FY25, a 6 per cent increase Y-o-Y. Pre-sales for Q3FY25 reached ₹1,265 crore, up by 2 per cent Y-o-Y. Keeping in line with our acquisition strategy and our growth plans for the current and next financial year, we have invested approximately ₹1,100 crore this fiscal, adding a potential GDV of around ₹10,500 crore. This includes our most recent acquisition in Kanakapura Road, Bengaluru.”
Foreign equity investments in real estate reached an all-time high of $11.4 billion in 2024. Additionally, the absorption of over 70 million square feet of office space in CY24 across six major cities underscores strong commercial demand driven by GCCs and an expected increase in hiring.
While a downward revision of advance estimates for FY25 indicates GDP growth of 6.4 per cent, this slowdown is seen as temporary, with India’s economic fundamentals remaining strong. In the upcoming budget, increased government spending on infrastructure, tax reform, incentives to spur private investments, and FDI in manufacturing are expected to boost the economy.
-
News1 week ago
Rachana Construction Develops 25 MW Solar Plant Project at Dharashiv, Maharashtra
-
News4 weeks ago
Prateek Group launches Prateek Grand Begonia in Siddharth Vihar, Ghaziabad
-
News4 weeks ago
NEOS TeleStar Breaks Records: 50 Units Sold in Just 48 Hours
-
News1 week ago
Budget 2025: Real Estate Sector Counts on Tax Reforms, Easier Funding
-
News5 days ago
Budget 2025-26 Set to Energise Urban Development Even as it Boosts Disposable Incomes
-
News2 weeks ago
NCR’s Commercial Rental Market Emerges as Hotspot for Investors
-
News1 week ago
Property Prices Rose Sharply in Prime Residential Markets in 2024
-
News1 week ago
NAREDCO Maharashtra, IFC Team Up for Sustainable Real Estate Development