{"id":15838,"date":"2024-10-10T12:00:09","date_gmt":"2024-10-10T12:00:09","guid":{"rendered":"https:\/\/popularreads.co\/puravankara-pre-sales-at-rs-2459-crores-in-h1fy25-collections-up-by-27\/"},"modified":"2024-10-10T12:00:09","modified_gmt":"2024-10-10T12:00:09","slug":"puravankara-pre-sales-at-rs-2459-crores-in-h1fy25-collections-up-by-27","status":"publish","type":"post","link":"https:\/\/popularreads.co\/?p=15838","title":{"rendered":"Puravankara Pre-Sales at Rs 2,459 crores in H1FY25, Collections Up by 27%"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute, 7 Second <\/div>\n\n <\/div>

Bengaluru, India<\/strong>: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India\u2019s most trusted and admired real estate developers, recorded sales of Rs 1,331 crore for Q2FY25 vs Rs 1,128 crores in Q1FY25, up by 18%. The company also achieved a sale value of Rs 2,459 crore in H1FY25.\u00a0<\/span><\/span><\/p>\n

Customer collections reached Rs 1,033 crores in Q2FY25 compared to Rs 879 crores in Q2FY24, up by 18% y-o-y. For H1FY25, customer collections increased to Rs 1,998 crores, up by 27% compared to Rs 1,575 crores for H1FY24.<\/span> \u00a0<\/span><\/p>\n

Commenting on the company’s performance, Ashish Puravankara, Managing Director, Puravankara Ltd<\/strong>., said, \u201c<\/span>In Q2FY25, we have achieved collections of Rs 1,033 crores and pre-sales of Rs 1,331 crores mostly from sustenance sales. Our performance continues to reflect robust housing demand across key markets, driven by our strategic focus on customer-centric offerings and operational efficiencies.<\/span>\u00a0<\/i><\/span><\/p>\n

In the first half of the fiscal, we witnessed sustained traction across our portfolio and continued to replenish our land bank by acquiring over 5.75 msft of saleable area in Mumbai, Bengaluru and Goa with a total potential GDV of around Rs 10,000 crores plus in this financial year. We remain confident in maintaining this growth momentum as we prepare for the festive season, with over 12 msft of new launches for the second half of the financial year with a\u00a0potential GDV of over Rs 13,000 crore.”<\/span><\/i><\/span><\/p>\n

Key Highlights<\/strong><\/span><\/span><\/p>\n