Puravankara

Puravankara Reports Highest Ever Q3 Sales, Revenue Growth of 67 Percent Amounting to 410 Cr.

Realty firm Puravankara Ltd on Monday reported a 20 per cent increase in its sales bookings to Rs 796 crore for the quarter ended December, mainly on higher price realisation. In a regulatory filing, the Bengaluru-based company shared the operational update for the October-December period of 2022-23 financial year. Sales bookings stood at Rs 796 crore in the third quarter of this fiscal as against Rs 666 crore in the year-ago period. In terms of volumes, sales bookings rose 3 per cent to 1.02 million square feet from 0.99 million square feet. Price realisation increased to Rs 7,767 per square feet from Rs 6,727 per square feet. During April-December period of this fiscal, sales bookings increased to 2.79 million square feet from 2.32 million square feet in the year-ago period. Sales bookings rose 33 per cent to Rs 2,100 crore in the first nine months of this fiscal from Rs 1,576 crore in the corresponding period of this year. Price realisation increased 11 per cent to Rs 7,528 p

Bengaluru-based realty firm Puravankara Ltd's sales bookings have risen 43 per cent to a record Rs 1,306 crore during April-September period of this fiscal year on better housing demand. Its sales bookings stood at Rs 910 crore in the year-ago period. According to an operational update, the company's sales bookings in volume terms rose 32 per cent to 1.76 million square feet during the first six months of this fiscal, from 1.33 million square feet in the year-ago period. Sales realisation improved to Rs 7,421 per square feet in the April-September from Rs 6,845 per square feet in the corresponding period of the previous year. The company achieved its highest sale value of Rs 1,306 crore for the first half of any financial year since inception. Puravankara is on track for its launch pipeline of over 15 million square feet and doing necessary investments for the same. "The demand for real estate is seeing new peaks with each passing day specially with festive starting, we expect th

We are looking at launching about 16 million sq ft in the market and in the first phase, we will typically launch about six million

'We plan to launch 8 million square feet in residential projects and 2 million square feet in commercial projects in FY23'

The company's net profit stood at Rs 147.06 crore for 2021-22

Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation. According to its investors presentation, Puravankara sold 0.99 million square feet area during October-December 2021-22 as against 0.91 million square feet area in the year-ago period. The company sold 690 units in the quarter under review as against 661 units in the corresponding period of the previous year. In terms of value, the total sales bookings rose 17 per cent to Rs 666 crore in the quarter from Rs 570 crore in the year-ago period. The average sales realisation increased by 7 per cent to Rs 6,727 per square feet from Rs 6,262 per square feet. "Market consolidation and general economic development continues to enable strong sales performance; and the same is expected to continue in the near future," the company said. Puravankara said its new launches of projects are on track to ca

The company's subsidiary Provident Housing Ltd will develop 3 million square feet in the project, which is spread over 18 acres, named 'Provident Winworth' at Kochi

Realty firm Puravankara Ltd's sales bookings grew by 20 per cent to Rs 597 crore during the second quarter of the fiscal on higher volumes and price realisation. In its investors presentation, the Bengaluru-based firm informed that the company's sales booking increased to Rs 597 crore during July-September quarter of 2021-22 fiscal from Rs 495 crore in the previous year. Its sales realisation went up by 11 per cent to Rs 6,556 per square feet from Rs 5,898 per square feet. In volume terms, sales bookings increased by 8 per cent to 0.91 million square feet during July-September quarter of this fiscal from 0.84 million square feet in the year-ago period. During the first six months of the fiscal, sales bookings rose 2 per cent to Rs 910 crore from Rs 893 crore in the corresponding period of the previous year. Sales volume dipped to 1.33 million square feet from 1.53 million square feet, but price realisation increased 17 per cent to Rs 6,845 from Rs 5,839 per square feet. "Despite

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Increasing demand for luxe housing, accommodative state policies and decadal-low home loan rates could be some of the triggers

Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai

Realty firm Puravankara Ltd has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

According to a report, Godrej Fund is in talks with Bengaluru-based developer for Rs 1,200 crore deal.

Puravankara launches Purva Atmosphere which will have a 40 feet high tower to purify 32 million cubic metres of air per day

The Bengaluru-based firm has so far completed 67 residential and only five commercial projects

Seven of these projects will come up in its affordable housing segment 'Provident' including one in Sri Lanka

The stock hit a fresh 52-week high of Rs 172, up 12% on the BSE on Tuesday, on back of heavy volumes in otherwise subdued market.