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.