Puravankara Q2 sales bookings surge 62% to Rs 2,136 crore on housing demand

In a regulatory filing, the company said its pre-sales rose to Rs 2,136 crore in the second quarter of this fiscal from Rs 1,322 crore in the year-ago period.

Sales area for the second quarter stood at 1.83 million square feet, up 22 per cent annually. Average price realisation increased 32 per cent annually to Rs 11,651 per square foot.

During the September quarter, Puravankara handed over 977 homes totalling 0.97 million sq ft, to customers.

In the first six months of this fiscal, the company has handed over 1,722 homes spanning 1.92 million sq ft. Ashish Puravankara, the company's Managing Director, said, "Our focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution."

The performance supports the company's strategy of investing in differentiated developments in markets having robust demand, he added.

Puravankara has completed 97 projects totalling 59 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. PTI MJH DR