Puravankara records Rs. 1,126 cr Q1 sale value           

with a sale value of Rs. 1,126 crores, the highest for any quarter and Q1 since inception, the company said in its quarterly operational update. 

Ashish Puravankara, Managing Director of Puravankara Ltd., said, “Our unwavering dedication to growth and our ongoing efforts to capture a larger market share has resulted in

the highest-ever Q1 sales in the history of the company. This is a remarkable achievement.

This quarter pre-sales has more than doubled (119% growth on a Y-o-Y basis) vs Q1FY23.”

Factors such as the need for larger houses, rising incomes, job creation, and stable home loan

rates have further contributed to this demand. As the industry places a growing emphasis on

sustainability and green buildings, Puravankara stands uniquely positioned to reap the

benefits due to our continuous efforts towards sustainability. 

Key Sales highlights (on a consolidated basis) 

• Achieved the highest ever sale value of Rs. 1,126 Crore in any quarter and the first quarter of any financial year since inception. Up by 119% compared to Rs.  513 Crore in Q1FY23.
• Customer collections from the real estate business increased to Rs. 696 Crore in Q1FY24 in comparison to the customer collection of Rs. 458 Crore in Q1FY23 which implies a jump of 52% YoY. 
• Average price realization increased by 11% to Rs. 8,277/sft during Q1FY24 from 7,436/sft in Q1FY23.
• Sale Value increased by 12% and collection increased by 5% when compared to the immediate previous quarter Q4FY23.
• We have launched 1 new project in Chennai ‘Purva Raagam’ of 0.77 msft in this quarter.

Quarterly Performance Summary: