Puravankara Logs 2% Growth in Q3 Sales Bookings, Reaches Rs 1,265 Crore Amid Festive Demand

Puravankara Ltd, headquartered in Bangalore, has registered a 2 percent growth in sales booking it made in the quarter gone by. It witnessed the surge due to the growth observed in the booking of sales up to Rs 1,265 crore. It saw the boom just because there had been a significant upsurge of demand in homes during the festival season.

In contrast, the company had recorded sales bookings of Rs 1,241 crore in the same period last year.

“It is satisfying that our collections have seen an increased growth in the past few quarters, reflecting our efficient operations. It’s been a significant growth -collections stood at Rs 2,991 crore in the first nine months of this fiscal year, up by 19 percent,” said Ashish Puravankara, MD and CEO, of Puravankara Ltd.

The company believes in the intent of expansion for its business, and Puravankara has invested around Rs 1,100 crore to date in this fiscal year; it has pursued the growth model and expansion ever since. Its investment is seen to add GDV potential for around Rs 10,500 crore, further setting the growth trajectory for this company in not only the present but also the future years.

Being one of the major real estate developers in India, Puravankara believes that with its operational excellence and strategic investment, it shall reach success in the quarters to come. With the sustained growth trajectory of the company, this has brought to the forefront of the realty sector strength through fluctuating market conditions.

The positive momentum with which Puravankara continues to strengthen its presence in the Indian real estate market provides a strong foundation for long-term success.