Representative image for real estate.
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Bengaluru: Bengaluru-based real estate developer Puravankara Limited recorded sales of Rs 1,265 crore for the October to December quarter of the ongoing financial year (Q3 FY25), up by 2 per cent from the same period in FY24, the company announced on Monday.
So far in the financial year till December 31, 2024 (9M FY25), the company reached a sale value of Rs 3,724 crore.
Customer collections reached Rs 993 crore in Q3 FY25, up 6 per cent year-on-year (YoY). The first nine months (9M) of FY25, customer collections increased to Rs 2,991 crore, up by 19% YoY.
While delays in approvals have led to fewer launches in 9M FY25, Puravankara plans to catch up with its launch pipeline of 15.70 million square feet between Q4 FY25 and Q1 FY26.
The company has invested over Rs 1,100 crore for land acquisition this fiscal, with a potential gross development value (GDV) of around Rs 10,500 crore.