NEW DELHI: Puravankara has reported pre-sales of Rs 1,331 crore in the second quarter of the financial year 2024-25 and a pre-sales of Rs 2,459 crore in H1 FY25.
The customer collections reached Rs 1,033 crores in Q2 FY25 compared to Rs 879 crore in Q2 FY24, up by 18% year-on-year.
For H1 FY25, customer collections increased to Rs 1,998 crore, up by 27% compared to Rs 1,575 crore for H1 FY24.
Ashish Puravankara, managing director of the company said, “In the first half of the fiscal, we continued to replenish our land bank by acquiring over 5.75 million sq ft of saleable area in Mumbai, Bengaluru and Goa with a total potential GDV of around Rs 10,000 crore plus in this financial year.”
Average price realisation in Q2 FY25 increased to Rs 8,697 per sq ft, up by 9% from Rs 7,947 per sq ft in Q2 FY24.
The company acquired the redevelopment rights for Miami apartments at Breach Candy in Mumbai with a potential gross development value (GDV) of Rs 700 crore in Q2 FY25.
It recently signed a joint development agreement (JDA) for a 1.95-acre land parcel in Electronics City, which will have a saleable area of 2.6 lakh sq ft with a potential GDV of Rs 250 crore.
