Puravankara Records Rs 2,725 Cr In Sale Value In H1FY24

Puravankara, a real estate developer, recorded a sale value of Rs 1,600 crore for Q2FY24 which is the highest-ever for any quarter since inception, a 102 per cent increase, compared to Rs 791 crores of sale value in Q2FY23.

The company also achieved a sale value of Rs 2,725 crores in H1FY24. Up by 109 per cent when compared to Rs 1,304 crores in H1FY24.

Commenting on the update, Ashish Puravankara, Managing Director of Puravankara said, "For the second quarter of FY24, pre-sales have increased more than twofold, showing a remarkable growth of 102 per cent compared to the same period last year."

"With a robust pipeline of upcoming project launches, we are confident that we will sustain the momentum of pre-sales growth. These new launches are complemented by noteworthy achievements in sustenance sales, supported by efficient and swift execution, resulting in a 70 per cent year-on-year increase in collections," Puravankara said.

These continuous improvements signify our company's commitment to optimising operational efficiency, enhancing profitability and strengthening our financial foundation, he added.