One of the largest Real Estate Developer based in Bengaluru, Puravankara has recorded a sales rates of Rs. 5,914 crore in the financial year 2024, which is a robust increase of 90 percent to Rs. 3,107 crore in the financial year 2023. The rate of consumer collections elevated by 60 percent to Rs. 3,107 crore than the previous fiscal year.
For the first quarter ended in March 31, the real estate developer achieved a sales value of Rs. 1,947 crore & increased 93 percent from Rs. 1, 007 crore for the same period in previous year.
As of the month of December 31, 2023, Puravankara has finished 83 projects spanning around 48 million square feet across 9 cities such as Bengaluru, Hyderabad, Chennai, Mangaluru,Coimbatore, Mangaluru, Kochi, Mumbai, Pune, & Goa.
The total land bank of the real estate developer is about 41 msft & additional projects measures around 29 msft.
Expressing on achieving significant milestone, Ashish Puravankara, the Managing Director of Puravankara says, “Puravankara Limited has achieved a significant milestone by surpassing Rs. 5,900 crore sales showcasing our customer-centric ethos and focus on quality. We are also thrilled to announce our highest-ever collection of ₹3,609 crores for FY24. This reflects our steadfast dedication to operations and delivery, ensuring significant construction progress”.
Further he added, "With successful new launches and an optimistic outlook for upcoming projects, we are now focused on replenishing our inventory with new land acquisitions. We stay committed to building international quality products, keeping the customer at the center of our strategy”.
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