Bengaluru, Karnataka – October 10, 2025: Puravankara Limited (NSE: PURVA | BSE: 532891), a leading and trusted name in India’s real estate sector, announced robust financial performance and strategic expansion in the first half of FY26. The company recorded pre-sales of Rs 1,322 crore in Q2 FY26, reflecting a 4% year-on-year growth. Additionally, average price realization improved by 7%, while customer collections increased by 8% to Rs 1,047 crore for the quarter. Ashish Puravankara, Managing Director of Puravankara Limited, stated, "Our Q2 FY26 results demonstrate sustained growth driven by strong customer trust and brand strength across key markets, with pre-sales reaching Rs 1,322 crore and collections at Rs 1,047 crore, both improving year-on-year." In H1 FY26, Puravankara significantly enhanced its development portfolio by acquiring over 6.36 million square feet of potential developable area, with an estimated Gross Development Value (GDV) of approximately Rs 9,100 crore. Key acquisitions include premium redevelopment projects in Mumbai’s Malabar Hill and Chembur localities, alongside strategic joint ventures in North and East Bengaluru. These initiatives underscore the company’s commitment to disciplined execution and value creation in high-demand micro-markets. Key Performance Highlights: - Q2 FY26 pre-sales: Rs 1,322 crore, up 4% YoY from Rs 1,270 crore in Q2 FY25 - H1 FY26 pre-sales: Rs 2,445 crore, a 4% YoY increase from Rs 2,349 crore in H1 FY25 - Sales volume: 1.50 million sq ft in Q2 FY26; 2.75 million sq ft in H1 FY26 - Average price realization: Rs 8,814/sq ft in Q2 FY26 (7% YoY growth); Rs 8,891/sq ft in H1 FY26 (8% YoY growth) - Customer collections: Rs 1,047 crore in Q2 FY26 (8% YoY growth); Rs 1,904 crore in H1 FY26 (1% YoY growth) Strategic Business Development Initiatives in H1 FY26: - KIADB Hardware Park, North Bengaluru: Partnership with KVN Property Holdings LLP for a 24.59-acre land parcel offering 3.48 million sq ft developable area and potential GDV exceeding Rs 3,300 crore. - Chembur, Mumbai: Appointed preferred developer for redevelopment of eight residential societies, unlocking over 1.2 million sq ft across approximately 4 acres, with an estimated GDV of Rs 2,100 crore. - Balegere, East Bengaluru: Entered joint development agreement for 5.5-acre land parcel with combined potential GDV surpassing Rs 1,000 crore. - Malabar Hill, Mumbai: Via its wholly-owned subsidiary, Puravankara secured a prestigious redevelopment project with GDV potential of Rs 2,700 crore, featuring 0.7 million sq ft of premium development over 1.43 acres. Market Outlook: India's macroeconomic environment has shown renewed vigor, with Q1 FY26 real GDP growth at approximately 7.8% year-on-year, driven by robust performance in services, construction, and consumption sectors. The Reserve Bank of India (RBI) has revised its FY26 growth forecast upward to 6.8%, reflecting optimism regarding domestic demand and rural recovery amidst global challenges. Residential demand in Q3 CY25 grew by ~1% year-on-year, propelled primarily by the Rs 1-2 crore segment, even as new project launches moderated. Major metropolitan cities such as NCR, Bengaluru, and Chennai witnessed price increases ranging from 5% to 17%. Puravankara is strategically positioned to capitalize on these favorable real estate market trends moving forward. (Disclaimer: This press release has been provided by VMPL. ANI is not responsible for the content herein.)