Bengaluru-based property developer Puravankara 9MFY24 sales up 89%

Bengaluru-based property developer Puravankara 9MFY24 sales up 89%

Bengaluru-based property developer Puravankara posted a 89% jump in sales for 9MFY24 at Rs 3967 crore, as against Rs 2100 crore in 9MFY24. The company said it recorded the highest-ever customer collection of Rs 2,515 crore, compared to Rs 1,597 crore in 9MFY23, indicating a jump of 57 % y-o-y.

Ashish Puravankara, managing director, Puravankara, said, “The successful launch of two new projects and a promising pipeline of upcoming launches shows our confidence in sustaining this positive momentum. Our focus on efficiency and prompt execution has contributed to these impressive pre-sales and collection numbers.”

On Tuesday, another Bengaluru-based company, Prestige Estates, reported more than two-fold jump in sales bookings to Rs 5,326.1 crore for the third quarter of the financial year.

In April-December FY24, Prestige Estates’ sale bookings rose 81 %annually to Rs 16,333.4 crore. The company sold 16.13 million square feet area, with an average realisation of Rs 10,143 per square feet (for apartments/ villas).